10 Steps to Prepare for Business Credit and Funding
20% of new businesses fail during the first two years of being open, 45% fail during the first five years, and 65% fail during the first 10 years. I promise you I'm not being dramatic when I tell you that the #1 reason why most businesses fail is a failure to secure funding that would allow them to scale and grow. But what if I told you that most of those businesses are denied funding not due to poor sales or poor leadership, but simply because they are not structured properly on paper. Structuring your business properly is the first step of many to becoming a successful business owner.
Hi, my name is Thomas Humphrey, the Founder of Lions Den Academy and as a business owner, I know that no one plans to fail, and that it can be challenging to secure business loans. But it doesn't have be. Banks literally have a surplus of cash to loan to properly established businesses. That's why we've put together the 10 steps necessary to prepare your business for credit and funding without the feeling of being denied.
BONUS TIP: After your business is properly structured, we have a Secret List of over 60 Banks that provide $10,000 - $50,000 No Doc Loans. What is a No Doc Loan? A No Doc Loan is a Loan that does not require any documents other than your credit score. And like you've learned in my other eBooks, your Credit Profile is more important than your Credit Score, so be sure that your Credit Profile is put together correctly before applying for your No Doc Loan to increase your loan approval odds. You may be pleasantly surprised that many Lenders have No Doc Loans ranging from $10,000 - $30,000 that you immediately qualify for without providing tax returns or business income verification.
FEEDBACK: After you've downloaded your guide and be sure to let us know how it went. If you need additional help, we have a Mentorship Program or even better, the Credit Manifesto "A Step by Step Guide to Hack Credit and Build Wealth in America" which includes with the Mentorship Program. So, you get everything here, plus we assist you along the way to help your business get funded. Either way, your feedback means everything to us so we can tweak our approach to continue to produce high quality resources. Remember Pride, if you're not hunting, then you're being hunted. Thanks in advance and happy hunting!