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We can probably get you funded.” The process is then you follow the process on partner number one here on your screen.
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“I don’t own a business right now.” “Okay, what do you think your credit score range is?” “Well, I don’t know, probably like 700, 720.” “Great, here’s what we can do. They just need funding like with the 0% interest and they want to get the funding they need, then great. If it’s a brand new person, they don’t own a business.
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“All right, perfect, what’s the average revenue your company generated in the past four months? Can you walk me through it?” Well, that’s how we know if the company’s in a decline and it that’s not a bad thing. So, now we know that yeah, of course, everything goes through a business bank account. If that’s the case, there’s really not much you can do for that person because we need to be able to work with people who have a bank account. So, all the revenue generated by the business goes through a business checking account, right?” That’s important because you’re going to come across businesses, although they have a business on the surface level, but they don’t really have a business bank account, everything is either cash or this going through like a personal account. So, we have a list of clients that we’ve hired over time and we’d go mow their lawn and they pay us on a monthly basis through checks and credit cards.” “And perfect, great. The fourth question is what kind of business do you have and how do you make money? “Oh, well, we own a landscaping business. We’re not hard selling anyone or we’re not manipulating. Okay, and the fourth question is what kind of business do you own? As you can see, these are very basic questions. Okay, so this could be a candidate for equipment financing or it could be a candidate for all others types of financing. The first one is how much do you need? Second one is when do you need to by? The third one is why do you need it? What are you going to do with the money? Well, that this is a very important question because if they say I’m going to buy some kind of machine to run my company, then well now we’re shaping things in our mind. It does matter, but you’re trying to build a case for this motion right now. Whatever the answer, again, doesn’t really matter. “Well, I need it yesterday” or “No, we’re planning this for like the next 30 days” and all that stuff. How soon do you need it?” That’s another important question. And the response is, “X dollars.” It doesn’t matter what it is. And if they ask any further questions, then you can say, “Hey, we can provide from anywhere from 0% financing to really rapid financing within the first two, three days.”įirst thing is you need to understand, “Well, how much do you need?” That’s really important because I mean, you can’t really help someone without understanding how much they need. So, me and the lenders that we we’re part of, we help businesses and startups get anywhere from $5,000 to $500,000. Right now, small businesses really have very limited access to capital because banks only approve one out of every eight, nine deals. I’m helping small businesses get access to capital. Video ID not provided: Please check your shortcode.