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STARTUP BUSINESS LOANS

THE TRUTH ABOUT GETTING STARTUP BUSINESS LOANS

How many Americans have dreams and aspirations of starting a new business? You know the type. Those who say, “take this job and shove it.”

The countless individuals who understand that a “J – O – B” stands for nothing more than “Just Over Broke.”

Our goal is to show you how to get startup business loans. We will show you how raising money for your new venture does not have to drain your bank account.

We love those enthusiastic people, the single moms, the retired executives. Those who say that they can do it better, bigger and for less money. Or those that are the creative types that invent the next best way to do something leaving the rest of us saying, “why didn’t I think of that?”

startup business loans cta

We tip our hat to the visionaries that see space travel for all of us or the notion that cars can drive by themselves. Or those individuals who believe that they should only work half a day from eight to eight. Or those that are a bit more aggressive and work eight to faint.

From Maine to California and from Main Street to Silicon Valley, American ingenuity thrives. We are here to help you “be your own boss.” We want you to understand what it takes to get small business loans for your startup.

Business Week Daily says the main obstacles for would-be entrepreneurs are finances. In fact, a survey stated that nearly seventy percent of those wanting to own a business found that gaining access to capital is the major barrier. So, grab your loan calculators and roll up your sleeves.

startup business loans cta

What are the Facts about Startup Business Loans? How do you fund your startup?

At Sunwise Capital we are revealing for the first time below our Insiders Secrets on How to get a Business Bank Loan – Guaranteed.

These insider secrets are the Step-By-Step process that your Banker doesn’t want you to know and will help your business to EXPLODE!

According to the SBA the number of small businesses in the United States is close to 30 million.

That is a lot of dreamers. Bear in mind that a small business is 500 employees or less by definition. That’s a lot of people.

The SBA breaks it down like this:

Small businesses comprise what share of the U.S. economy?

Small businesses make up:

  • 99.7%

    of U.S. employer firms

  • 64%

    of net new private-sector jobs

  • 49.2%

    of private-sector employment

  • 42.9%

    of private-sector payroll

  • 46%

    of private-sector output

  • 43%

    of high-tech employment

  • 98%

    of firms exporting goods

  • 33%

    of exporting value

(Source: U.S. Census Bureau, SUSB, CPS; International Trade Administration; Bureau of Labor Statistics, BED; Advocacy-funded research, Small Business GDP)

Virtually everyone agrees that small business is the backbone of the U.S. economy.

It’s the engine that drives the train. Successful entrepreneurs know that being successful requires three things.


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tools-startup
cash-startup

Knowledge and Tools rest squarely on the shoulder of the entrepreneur. But when it comes to funding your small business, Sunwise Capital is the top small business lending expert if you need the cash.

Sunwise Capital can get you the funds to launch that dream and create that vision and opportunity. We have the capital loans to get your business to the next level.

startup business loans cta

How do Most Small Businesses Operate?

  • 52.0%

    Home-based business

  • 2.0%

    Franchise

  • 73.2%

    Sole proprietor 

  • 19.5%

    Corporation 

  • 21.5%

    Employer business

  • 78.5%

    Non-employee (business without employees) 

Source: U.S. Census Bureau, SBO, SUSB.


Funding Your Business

The big question is how many of these entrepreneurs lack the startup capital needed to get the business up and running?

A clear majority of entrepreneurs and would-be entrepreneurs have come to realize that traditional funding for startup companies are virtually nonexistent from sources like the local banks and credit unions. Even venture capital can be more than a long shot.

What is the demographic makeup of the businesses? Are these women-owned companies? What percentage are minority-owned businesses? Do veterans own many businesses?

businessownerdemographicspartners

Source: U.S. Census Bureau, SBO

The most frightening statistics are the survival rates.

The Bureau of Labor cites:

About half of all new establishments survive five years or more, and about one-third survive ten years or more. It’s no surprise that the longer the business survives, the probability of survival increases with a firm’s age. What we see historically is that survival rates have changed little over time.

For every 100 businesses started today, only 50 will be here in five years, and maybe 30 will survive to be ten years old.

If the entrepreneur and this is a big assumption, has the real vision, the tools, and proper knowledge to go along with it, how do they get small business financing?

startup business loans cta

Where to Get Startup Business Loan

Here are the tried and true methods for startup funding. It’s probably not hard to imagine that number one on the list is the business owner’s savings. These savings can be cash on hand or retirement accounts like an IRA or a 401K.

Another place you can try is to get a real business credit card. These are the credit cards that are in the business name only. There are no personal guarantees on these cards. In fact, your name is not even on the card.

All lenders or investors want to see the business owner put “skin” or their money into the company. If you don’t, it’s safe to say that no one will step up to the plate.

Then you have business loans from family and friends. There are the commercial lenders like the banks, credit cards, or home equity loans. Finally, there is raising capital by selling equity in your company stock to a private investor for the startup funds and ongoing cash needs.

If most traditional lenders see new startups as a greater risk and you do not have the personal resources or family and friends what can you do?

The first step is that you want your business to be both credible and worth funding.

Remember that new businesses don’t have proven track records or some other form of proof that their business will be successful enough to repay the loan.

The good news is that you can get startup business loans without risking your personal assets, without lowering your own credit score and no personal guarantee.

If you are a new startup company and, like so many others, need a small business startup loan, then it’s important to educate yourself about the process and find business startup loans.

Here is what the Pros say.

  • Entrepreneur Magazine states:

    “You should differentiate your personal credit from your business credit”
    2017-04-21_1354

  • Wall Street Journal Reports:

    “Lenders check your company’s credit report to see if they want to do business with you.”
    2017-04-21_1356

  • Wells Fargo Bank Says:

    “That the longer you take to establishing business credit, the longer it takes to get business loans.”
    2017-04-21_1400

ATTENTION: YOU MUST READ THIS ARTICLE TO UNDERSTAND WHAT IS PRINTED BELOW.


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Building Business Credit – The Authoritative Guide

by Sunwise Capital on March 31, 2017 in Business Credit

Does Your Business Pass the Business Credit Test? 7 Things You Can Improve on Today What stage is your business? Are you just starting? Are you an existing business? Are you thinking of buying a business? If You Are Just Starting a Business Then building business credit is perfect for you. It is critical for… Continue Reading


Once you fully understand the process of building business credit even if you have poor personal credit, you are ready to get a start up business loan even with bad credit.

How Small Business Lenders Are Helpful for Startup Businesses Loans Even Bad Credit Startup Business Loans

Alternative lenders provide the best options that small business owners can consider for their new business venture. Let’s face it; no one regards banks as startup or bad credit loan lenders by any stretch of the imagination.

However, for those brave souls that believe they can get a bank loan for their start-up business, I’m about to share with you an unrivaled secret.

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How to Get a Business Bank Loan Guaranteed!

Insider’s TOP Secrets REVEALED
THAT BANKERS DON’T WANT YOU TO KNOW

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How many of you…. Have gone to the bank only to have the bank say “NO?”

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How Many of You Want the Bank to Say “YES?”

cashinhand


Here is The Secret

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The Holy Grail: Getting a Bank Business Loan

Your goal, if you chose to accept it, is to get a bank loan for your startup. Reminiscent of a scene from Mission Impossible, right?

We know for a fact that banks don’t lend. Indeed, they won’t give a business loan to a new business.

Or will they?

This strategy works incredibly well. This plan is so good it’s a well-guarded secret. It works almost 100% of the time if you do it just right. There is one question you might be asking yourself. How in the world are we able to get a bank loan when 80 to 95% of all business loan applications get declined?

How can an entrepreneur just starting out get the cash capital they need early in the game from any financing company?

It’s simple. This blueprint is a timeworn trick. You’re going to have to work hard. However, the result is massive. Your goal is to find SBA lenders or a SBA preferred lending bank.

I must tell you that for this to work your personal credit must be OK. If your credit or FICO score is in the low to mid 500’s, it probably will not work.

My strong suggestion is to find a smaller bank or talk to an individual banker before you move forward.

Are you ready? Here is how it works. We are going to “secure” our business loan products with a certificate of deposit (CD). You will then borrow as much as 100% of the CD as a loan against the security of that CD.

Are you with me so far?

You may be saying to yourself rhetorically, if I had the money to put into a CD, I’d have the money to start my business.

I know. The better question is where do I get the money for the CD? Here is where you must get real creative. First, we’re not talking about a lot of money. Maybe $5,000.

Now is the time to go to your family and friends. You tap into your savings. You throw all your junk on eBay and sell it. Have a garage sale. You figure it out.

What’s the Magic of a Secured Bank Loan?

  • It shows up on your business credit report just like any other loan. There is no mention of it on your personal credit report.
  • It does not show up on your business credit reports as “secured.”
  • All the other lenders and creditors “see” your bank reporting the business loan. Since everyone knows how difficult it is to get a business loan from a bank, you will start receiving unsolicited offers for credit in the mail (just like you did after you received your home mortgage).


Suggestions

Let’s say you must borrow the money from family or your friends. It’s OK. You can put their minds to ease and tell them there is no to little risk and you can assure them that they will get their money back.


Here is how it works:

  • You borrow the money for the CD to secure the bank loan from the family member or friend.
  • The bank then makes you a loan dollar for dollar.
  • Take the money from the loan and deposit the money into a different business account. You will then use these funds to repay the loan.
  • After you make the final payment, you can return their money with interest. The CD is earning a tiny percentage of interest. Probably not enough to cover the principle and interest payments.
  • The out of pocket costs to you is minimal. What you’ve accomplished in the period it takes to repay the CD is enormous. You’ve successfully borrowed money from a bank and repaid the loan. The CD can be for three months.

Repeat this technique as many times as necessary. Eventually, the bank will offer you a business loan without the CD.

Since many alternative lenders have owned small businesses themselves, they have a greater understanding and connection to business owners who are in the startup phase, even those with bad credit.

Yes, they have once walked in your shoes. Who would better understand the importance of having an ally during the small business launching and development process than they would?

These lenders know how important it is to have a strong supportive team, particularly one that is capable of further funding the business owner’s growth and expansion.

Starting a new business is already an overwhelming and sometimes monumental task. Many new owners are entering unfamiliar territory. That’s why the support you’ll receive from professionals at Sunwise Capital can go a long way.

We will work with you side-by-side to assist you in reaching your business goals by making the lending process a lot easier. When we figuratively sit down at your desk, we do not sit across from you but sit next to you.

Sunwise Capital wants to be a part of your financial team. We look to build a long-term relationship and be the primary source of your future funding needs. In fact, 77 percent of our small business customers are repeat clients.

They’ve made Sunwise Capital their go-to funding source, and we have made them feel comfortable enough to return, just like family. Are you ready?

startup business loans cta

Now to address your new startup’s cash shortage issues.

We help new business owners feel more confident about making important financial decisions too.

Qualifying for New Startup Business Loans

Although some key elements traditionally need to be taken into consideration before issuing new business startups loans, the loans from alternative lending sources tend to be much more flexible.

We do not require extensive business plans, a long application process, collateral, or any personal guarantors. All we need is a simple one-page form and the last three month of business bank statements.

You must be “open” for business a minimum of three months, and this is the first real hurdle. The stark reality is that you need at least six months of operations and revenue.

Unless you apply for SBA Microloans program, or the general small business administration loan or 7a loan,

you may find a merchant cash advance company that will give you money after three months.

However, I promise you that they will charge exorbitant rates and terms. Do yourself a favor and wait at least three more months.

We currently offer business loans in over 700 industries and pride ourselves in helping relatively new startups get launched and grow. Because of our vast experience and data, we can:

  • Gauge the size of the marketplace and appropriate lending risks
  • Identify any trends that may prohibit lending
  • Make sure succeed, and grow by not lending you more than you can afford

startup business loans cta

Flexible Rates and Terms

Our terms and rates are very competitive. Some compete directly with any bank. We’ve extended the repayment terms of most small business startup loans from anywhere between six months to five years.

Based on our qualifications, we also offer flexible monthly repayment plans to better accommodate our clients’ needs as well as daily and weekly payment periods.

Our interest rates are based on various factors and begin as low as 5.49 percent. One of the best things about alternative loans is that you’ll typically receive an answer in as little as 24 hours.

Remember, we were once like you, in need of business funding, so we understand the importance of providing flexible terms and offering the most competitive interest rate that the market will bear.

Secrets About Startup Loans

Alternative funding options make startup business loans a lot more obtainable than traditional lending sources. There is a broad range of loan options available to assist business owners in getting off the ground.

Sunwise Capital understands that a business can be launched and developed in various stages. Regardless of what stage you’re at in the new business startup process, a variety of options are available for you, including loans to:

  • Acquire Inventory

  • Cover operational expenses

  • Cover general operating cost

  • Cover advertisement costs

  • Fill purchase orders

  • Fund factoring and accounts receivables

We understand the need for funding during each stage of the new business start-up and development phase. Therefore, we’ve made more lending options available to small business owners. That way, they’ll have more choices based on the path they choose to reach their goals.

Applying for Startup Business Loans Is Easy

We don’t know what prompted you to start your own business. It could have been because of a great business idea, the loss of a job, or other economic reasons. Whatever led you to make this decision, we understand and take your new business venture seriously.

We’ve eliminated some of the fear out of the small business startup loan process, making it much simpler for business ideas to be heard and gain funding.

We understand that you have great plans for your business, and because most of us have been business owners ourselves, we’ll be there for you.

We can create a unique business loan package that’s suitable for your business goals. Obtaining startup loans is a significant and important step, and our professional staff is standing by to make sure that process is much easier for you.

startup business loans cta

Standard Alternative Business Funding Programs

You will have the opportunity to discuss a variety of financing programs with our professional and knowledgeable staff. If you do not qualify for any program, we will show you the necessary steps required to apply in the future.

Are we listing every loan type and funding program? No, just the ones that we have found are easiest to qualify for as a startup company.

There are dozens of business loan and funding programs. They are far too numerous to address now. Many of those programs are more complicated as they require several years in business with well-documented revenue and sales. We do not discuss P2P lending or microloans form nonprofit lenders.

These eight startup loan financing programs are your best options if you are less than one year in business. These types of loans will all have loan terms of various lengths. The average loan amounts are from $10,000 to several million. Unfortunately, these loans will not have credit lines or the lowest interest rate unless you qualify for the SBA loans.


Unsecured Business Financing

Apply Now

Access Small Business Financing up to $2M. Get working capital for your business through an unsecured loan.

Advantages of this Unsecured Business Financing Program:

  • Quick application and approval process
  • Short term loans
  • Any Principle or Owner of the company can apply
  • Reports to the business credit bureaus
  • No origination fee
  • Not a personal loan
  • Will only show on personal credit reports in the event of default.

What you should know before Accepting this program:

  • Applicant needs at least a 500+ credit rating FICO score with all three credit bureaus.
  • Applicant must have less than four inquiries on each bureau over the past 12 months.
  • No bankruptcies or open collection accounts showing.
  • Late payment or NSF’s OK within limits
  • Judgments, liens OK within limits


Secured Business Financing

Apply Now

SBA 7a loans and term loans. These programs do require that an owner or principal of the company provide a personal guarantee.

Advantages of this Secured Business Loans:

  • Quick application and approval process.
  • Good for working capital or debt consolidation (not balance transfer)
  • Principal or Owners with 19% or more of the enterprise must apply
  • Reports to the business credit bureaus
  • Will only show on personal credit reports in the event of default

What you should know before Accepting this program:

  • Applicant needs at least a 620+ FICO score with all three credit bureaus.
  • Applicant must have less than four inquiries on each bureau over the past 12 months.
  • No bankruptcies or open collection accounts showing.
  • Judgments, liens not OK
  • Must show tax returns


Merchant Cash Advance

Apply Now

A Merchant Cash Advance provides your business working capital. It’s easily the lowest bar to qualify for and funds very quickly. Rates are based on risk and can be extremely competitive.

Advantages:

  • Builds Business Credit.
  • Approvals in 24 hours and access to cash line in as two days.
  • You determine how to use the money.
  • Good personal credit or business credit is NOT required.
  • This cash advance reports as an unsecured loan on your business credit. Big boost!
  • Great for all types of businesses that take credit or debit cards.


Accounts Receivable Financing

Apply Now

Accounts Receivable Financing is like a business line of credit. Your accounts receivables provide the asset to base the loan. In fact, the online lender uses the receivables as collateral. You receive a cash advance when you create an invoice for your customer for products or services. This

rogram provides the money your company needs. Based on your client’s credit or ability to pay.

Benefits of Accounts Receivable Financing:

  • Builds Business Credit.
  • Quick time to funding that does NOT require a business plan or tax statements.
  • Approval is based on your customer’s credit and not your personal credit score.
  • Frees up your working capital and cash flow by not having money tied up in invoices.
  • Focuses your resources on other more productive activities such as selling.
  • Outsourcing your receivable collections frees up time and capital.


Purchase Order Financing

Apply Now

Purchase Order Financing provides you a cash advance. PO Financing gives you the money you need to fulfill an order. This form of financing is common for vendors who need to make advance payments to suppliers to fulfill customer orders.

This startup financing option works best when you have open purchase orders, especially for finished products. It also works well, and you can most likely qualify when you have open orders with larger businesses or any government agency.

Advantages:

  • Minimizes working capital used for orders and helps you grow your business faster.
  • Banks look at your personal credit score, while Purchase Order Financing (PO Financing) looks at your customer’s credit.
  • PO financing is an excellent way to get working capital you need in a matter of weeks.
  • Amount of money up to 100% funding for Purchase Orders as large as $25 million.
  • Fast approvals and turnaround times are short.


Equipment Financing

Apply Now

Equipment lease financing vs. equipment purchasing conserves capital. Startup businesses and restaurants are OK! It’s amazing as to what qualifies as “equipment.”

Advantages:

  • Builds Business Credit.
  • No down payment required, usually first and last payment only.
  • Startup businesses with a minimum 600+ FICO.
  • Add sales tax, installation, and maintenance contract expenses as deductions.
  • Lease payments can be 100% tax deductible. Talk to your CPA.
  • Minimal obsolescence. Termination of contract gives you the option to keep the equipment (usually with a $1 buyout) or return it.
  • Minimum loan $1000 and high as $70,000 with fast approvals and limited documentation.


Retirement Funds Financing

Apply Now

For many entrepreneurs and new startups, your retirement accounts may be your best option for financing your business.

These include your retirement accounts like IRAs, 401(k)s, 403(b)s, Keoghs, Roth IRAs, SEPs, etc. These retirement vehicles can be used without incurring taxes or penalties on an early distribution to purchase or fund a business or franchise.

Advantages:

  • Startup business or franchise with little (if any) debt. Significant tax benefits. Talk to your CPA.
  • Get up to 100% of your retirement fund. Use a percentage as your “skin” in the game. Particularly on an SBA Loan.
  • Think about combining retirement or pension funds with the retirement funds of a business partner or spouse.
  • This funding option can save you thousands in interest fees. Also, protects your personal credit.
  • Talk to your CPA about investing profits tax-deferred back into your business or pension plan.
  • Opportunity to lower business overhead and aggressively grow your retirement account.


Equipment Sale Leaseback

Apply Now

Equipment sale-leaseback lets your business sell your business equipment for cash. By contract, you lease it back from the equipment leasing company.

Why use your currently owned equipment to get working capital?

To get an Equipment Loan

  • Immediate cash. Leverage an asset – Your business equipment.
  • Equipment used by your business.
  • 100% of the monthly payments can be written off.
  • No restrictions on utilization of funds.
  • Leverage equipment and use it for working capital.

Equipment Sale Leaseback

To qualify for this funding program, you need:

  • FICO of at least 600
  • In business, at least twenty-four months.
  • Equipment must have a value of at least $25,000.
  • No restaurant industry equipment.


startup business loans cta

Summary

Business laws are always changing. Unfortunately, from 2009 to 2011, there were more business closures than startups, according to the SBA Office of Advocacy.

We believe a resurgence in the growth of small business is a key to the resurgence in job creation and growth in America.

Sunwise Capital is positioned to lend a helping hand to all startups and new ventures by providing real opportunities to secure working capital to rebuild the American dream.

As we say at Sunwise Capital,

“DREAMS DETERMINE WHAT YOU WANT.

ACTION DETERMINES WHAT YOU’LL GET.”

 

APPLY NOW OR CALL 888.456.9223

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