As a small business owner, real estate developer, stock
market investor or ebay power seller, obtaining money to
start, expand or buy inventory can be an immense challenge
in today's business arena. There is some amount of
preparation that must be done from the very beginning.
It makes absolutely no sense to dream about your business
venture and then go about implementing it without a well
constructed plan. However, that is what thousands of
potential business owners do everyday and then they wonder
with great surprise as to why they fail at what they are
striving to accomplish.
So, I have the perfect solution. If you really don't want
to take the time to put this loan or credit line proposal
together the correct way, let me save you valuable time by
showing you the "express freeway" to getting your business
loans denied in only 10 simple steps.
10. News flash: Banks and credit unions are not in the
business to make loans. So, be afraid to ask for business
funding. But if you insist on asking, make sure you pick a
bank that is unfamiliar with your industry, preferably one
who has never loaned money to a business similar to yours.
Come on. Use uncommon sense.
9. When arriving, go in and "wing it." There is no need for
preparation. Take nothing with you to substantiate the
funding you are requesting and you are guaranteed to get a
quick, no-hassle non-interview with the loan officer. They
might share a laugh or two about you.
8. When in the loan interview, don't ask any questions. In
fact, don't even answer any questions they may ask. On the
other hand, if you are compelled to speak, this would be
the perfect time to verbally show how ignorant and
unprepared you really are about the whole lending process.
7. Your demeanor or attitude is not important. Portray
yourself as the apologetic loser you really are because,
let's face it, there are always other banks down the street
where you can always bore to death and take advantage of.
Don't tell me this is not a major image booster.
6. Dress casual. What does this mean? Suits are out. Ties
are too formal. Dress as if you were going to a family
reunion or to McDonald's. Shorts and sandals make for an
exceedingly successful impression.
5. Now here's a tricky one. When submitting loan
information, the best thing to do is to stretch the truth.
Let's face it... lenders never waste their time by
substantiating facts on an application. So, by all means
exaggerate until your hearts content.
4. And for heavens sake, don't worry about being neat. It's
overrated. Your loan application doesn't have to be legible
to be approved. Why take the unnecessary time and energy in
typing your application. I always find it convenient
carrying an extra crayon, preferably a blue one in my handy
dandy pocket.
3. Allow the loan officer to push you around and be
somewhat disrespectful. But hold your ground at the end by
forcing the banker to give you a preliminary decision on
the approval of your loan even though your application may
not be finished.
2. One of the most important ideas to convey is to make
sure they clearly understand that there are NO risks
involved with lending or extending credit lines to you and
your business today. Remember that bankers are not the
'sharpest tools in the shed.' If you tell them 'this is a
sure thing', they'll believe you. Why wouldn't they.
(Drum roll please...)
And finally, the last in our Top Ten - 1. Murphy's law
states... the first loan is always the easiest to get. Who
cares if they don't know you and you don't have an account
with them. Apply anyway. And always ask for more money than
needed. It probably wouldn't hurt to take them to dinner or
slip them a $5 bill. This can only help in getting your
huge commercial loan or unsecured business credit line
approved.
While there are many more areas that we could discuss, this
10 step guide as to what NOT to do when it comes to
approaching banks for business or investment funds. Of
course, I cannot think of one good reason why you wouldn't
get denied by any bank by simply using these foolish
amateur tactics.
But if any of this goes against all grains of sanity and
you still possess the crazy idea that you could be one of
the few, the proud who would get an approval for these
unsecured credit lines and business loans, then contact us
if you must.
Although we probably have more important things to attend
to, we will make occasional allowances in assisting you
dreamers who want to apply for a commercial loan the "right
way." Go figure...
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Unsecured business credit lines and commercial loans enable
small business owners to access cash as needed to expand
their successful business or even start a new business.
Real estate and stock market investors would excel
unbelievably well with these type of credit lines. Read
this banker's blog now.
http://unsecuredbusinesscreditlines.com
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