Donald Hunter™ Financial » Small Business Funding http://www.donaldhunterfinancial.com © When it absolutely, exactly has to be right. Tue, 25 Jan 2011 06:44:57 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 How to get Small Business Funding http://www.donaldhunterfinancial.com/how-to-get-small-business-funding/ http://www.donaldhunterfinancial.com/how-to-get-small-business-funding/#comments Thu, 24 Sep 2009 15:28:55 +0000 Donald Hunter, MBA, Broker, Certified Financial Planner http://donaldhunterfinancial.com/?p=175
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    In today’s economy it should not be difficult for a small business to get the funding they need.  Yet, many small businesses struggle with financing because of their credit.  The easiest way to qualify for financing is to clean up your credit history.

     Donald HunterTM Financial looks at the following compensating factors to boost your credit profile:

    FICO scores

    To be considered for a commercial loan in today’s economy, you need a minimum score of 640. The better your FICO score, the better rate you can expect to get. At Donald HunterTM Financial, we recommend a FICO score of 720 or higher to ensure the best results.  Banks prefer businesses with a promising future.  Even if you do not initially qualify for a low rate, if you believe that your business will grow, you have a good chance of getting funded.

    money in the hands

     Commercial credit

    Demonstrate good credit by establishing a pattern of timely payments for twelve to fifteen substantial items such as car loans, charge cards and mortgages.  Several of those items should be real estate loans active or successfully paid off.

    Investment track record

    To increase your chances of getting a lender to finance your next property it is important to have a solid investment history or “track record.” Establish your trustworthiness as a seasoned investor by putting together an investment resume including:

    • Purchase history
    • Management history
    • Sale history
    • Before and after photos of improved properties

    Donald HunterTM Financial can assist you with any challenges you may be facing in order to help you present a strong case with our Total Commercial Services program. Click here to learn more about TCS.



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    Related posts:

    1. How to Start a Successful Small Business
    2. Verifying Your Income for Commercial Business Loans
    3. The Real Deal About Refinancing Your Commercial Property and the Great Opportunity for Commercial Buyers…
    4. Could Money Help Your Small Business In The Recovery?
    5. Personal Financial Statements for Commercial Loans Made Simple
    6. The Commercial Loan Process
    7. “The Small Business Advocate Show”
    8. Small Business Owners Report Reasons for Fear
    9. Is Your Cash Flow In Jail?
    10. News: Bad Small Business Coaching Revealed

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