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So how do you get a business loan feel mysterious. When you apply for business a score of at least that make them desirable for first place.
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How to receive a business loan | How do you feel about putting up collateral? How much income do you need to get a business loan? Potential to build credit. Future Value Formula. These marketplaces exist online and applications are relatively quick compared to more traditional lending scenarios. Small Business Administration. But your credit score isn't enough information for lenders to determine whether or not you're loan-worthy "lendable" , which is why lenders typically require an assortment of the following documents: Financial statements, such as profit and loss statements , cash flow statements, and balance sheets Business and personal credit reports Business and personal tax returns for at least the last year Business plan Business forecast State registrations and licenses Legal documentation, such as articles of incorporation, commercial leases, franchise agreements, etc. |
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