EIN Business Loans - Top Places to Go for Your Startup!
HTML-код
- Опубликовано: 18 ноя 2020
- EIN Business Loans - Top Places to Go for Your Startup! // in this video, I’ll show you how to get a business loan even if you have a start up and are using your EIN number for the first time. Some of these business loans require NO collateral or personal guarantee. You can even get business loans if your FICO is in the 500s
#businessloans #einbusinessloans #leolandaverde
Click on link below to download my CASH FLOW CALCULATOR for BUSINESS PURCHASE worksheet:
leo97eda0.clickfunnels.com/op...
Click on link below to download a copy of my BUYER DUE DILIGENCE CHECKLIST:
leo97eda0.clickfunnels.com/ch...
Three must watch videos:
SBA 7a Loan - The Best Business Loan! • SBA 7a Loan - The Best...
SBA 504 Loan - Stop Renting and Start Buying! • SBA 504 Loan - Stop Re...
SBA 504 vs 7a - Which Loan is Better? • SBA 504 vs 7a - Which ...
SAY "Hi" ON SOCIAL:
Facebook: / greenlandhq
Twitter: / leolandaverde
Instagram: / leoelandaverde
LinkedIn: / leolandaverde
🗣 Interact with me on a personal level!
Facebook group: / leolandaverde
Link to this video: • EIN Business Loans - T...
TWEET THIS VIDEO: ctt.ac/C1dUe
Click on the link below to download my CASH FLOW CALCULATOR for BUSINESS PURCHASE worksheet:
leo97eda0.clickfunnels.com/optin1657836675771
Love your advice Leo! Super helpful for those of us with startups! Thanks so much for sharing! :)
Thank you so much. Glad you think so!
Great breakdown. The different forms of financing available to them is probably one of the most confusing things a business owner will face. You made about as clear as it can be!
Jay, Thanks for the insightful comments. The whole thing can be very confusing so I appreciate you pointing that out. Business owners near clear and concise options so I hope I was able to provide that.
Some of the best info I’ve found online. It’s clear and concise. Even if I don’t qualify for anything immediately (in business 1 yr, 4 mo and working on building my credit back up), I feel much more confident applying. Thank you, Leo!
Great info Leo, people looking for business loans in the US should be watching you!
Yes! Glad you think so!
This is a terrific and valuable resource. Breaking it down the way you have is very helpful to tailor the most suitable target lending platform for each startup. Thanks for sharing this!
You're very welcome!
Great job, Leo! Keep it up!
Thanks Paul. Much appreciated.
Great resources. Thanks for giving the pros and cons of each
Awesome! Glad you think so. Thanks for watching.
Good to know about SBA loans for start ups..great interest loans and financing
yes, indeed! thanks for watching!
Thanks for the great information!
Awesome! Thank you!!!
Great info Leo! Will share with my community! Thank you!
Awesome, thank you!
@@LeoLandaverde It’s SBA really a cashflow lender? This makes it super tough for startups and restaurants … even harder.
This is helpful and know so many who would benefit from this!
Awesome! Glad you think so!
If my business needs a loan I will be set! Thanks for another great video!
Best of luck!
Oh my gosh this is so helpful and informative since I'm a startup small business! Thank you so much for sharing this information!
Sandra, glad you think so! My intent was to get business owners multiple options not just community banks
I see that some companies can help you with SBA apps and other non bank lenders. Some even do construction loans
This would definitely be helpful for startups
Glad you think so. Thanks for stopping by!
Great resources
Good to know! Thanks Ali 😊
When applying for these loans, they ask for 3-6months of revenue and bank statements of business cash flow. Plus, they still run your personal credit. Many of us are looking for loan companies that's strictly for startups that'll approve us for funds to get the business started.. This is so frustrating
Hi Lila, I know it is frustrating. Unfortunately, 99% of loan companies will be like that. They wanna make sure they will be repaid from the revenues of the business assuming that you’re profitable. The only other option is the SBA. But to get a loan for a start up with the SBA, The burden of paperwork it’s just too much for a lot of small businesses. For instance SBA wants business plans, resumes from management team, pro forma financials, etc. Once your revenue hit $300,000 per year things get a little easier.
@@LeoLandaverde Is it possible for a startup to get this funding without trade lines or a personal guarantee?
Hi Rich, yes, it is possible but unless the business is profitable it will be very hard. Only the SBA can offer loans to true startups with no income.
@@LeoLandaverde how can I get in touch with you? I’ve invested a lot into getting my business off the ground, legal in California, EIN, B&B number, everything. and I need to secure funding to get our first project off the ground
Hi Rich, please email me your contact info to leo@greenlandhq.com. Looking forward to connecting.
Great video!
Jaimeluis, Thank you very much. Glad you enjoyed it.
Jaimeluis, Thank you very much. Glad you enjoyed it.
Just now gonna start my business, trucking industry, what would i do first,and then is a place to help me with a small fleet business?
excellent information
Thank you very much!
What is lowest credit score needed to do this? I am still below 600 personal credit.
Need a business loan? Have 2 years in business? Get up to $450,000 even if you have BAD credit arffinancial.force.com/portal/ARFRegistration?RPId=0034y00002AwXmpAAF
Can you write a business plan for business loan ? I need help please
Thank you so much for watching my videos. Unfortunately, I don’t write business plans anymore.
@@LeoLandaverde you’re welcome. I love watching your videos. So do you know who or where can I go to get help for my business plan? My English is not like that that’s why I need someone professional or someone who business experiences to write it down
I can't think of anyone at this time. I'll let you if I come across anyone.
@@LeoLandaverde do you know of any grants for people trying to start a small online business? And I have a ein number
🔥🔥🔥🔥🔥🔥
Does this apply if I want to purchase a rental property under my LLC?
Yes, same principles. However, with real estate, loan to value and debt service coverage ratio becoming more important.
I want to own and operate a business but don't have the 450k to start it how can I get that loan with bad credit and no money. The business I want to start will pay back the 450k loan in 6 months?
Lendio requires you to be in business for at least 6 months
ah
Will you need revenue is there a loan that is just for starting up with ein
You will definitely need revenue
What about online business funding? Is there an option for affiliate marketing business?
Hey Julio, thank you so much for watching my video. In regards to your question, the same rules apply with it off-line or online. Question becomes is does the business have enough revenue to pay back the principal and interest on the loan you get which means you’re gonna have to have some traction of revenue. My advice to any start up is try to bootstrap it as much as you can do you can get as much as revenue as possible to show it is possible for business to sustain itself.
Which lender or program works for a non profit with an initiative to purchase land to build a facility.
Hey David, I don’t work with nonprofits so I don’t know. Can you tell me what state you’re in?
Should I get a business account before I go for my startup or can I use my personal checking?
You should get a business account first. Separate your business from your personal finances as soon as possible.
Everything works fine with no errors through Dlighthacks0 !g
even if there is no revenue to report
Hi Ebony, this question comes up a lot. From a lender's perspective, a business needs to have enough revenue to pay back the principal and interest on the loan you get which means you’re gonna have to have some traction of revenue. Not sure where you are in terms of revenue but my advice to any start up is try to bootstrap it as much as you can do you can get as much as revenue as possible to show it is possible for business to sustain itself.
How long have you been in business?
When you need a loan what do you do
requirements vary depending on the type of loan and amount you want. How much do you need for and for what purpose?
hey leo great video! how hard is it to get a start up loan from a SBA approved bank? is there a lot more hoops to jump through to get approved? thanks again.
Hi Mike, Yes and Yes. SBA has a lot more hoops to jump through, like for instance, a business plan, projected financials, etc -- it really depends on the amount you want to borrow. Bottom line, the lower the rate, the more requirements. There are some options I did not cover in the video. Bring this up on the group and I will share another avenue through CDCs. (Community Development Corps)
I'm in the process right now and it honestly is very difficult. We are building a building and pretty much have to get all plans and purchases marked off before we can do anything and then prove exactly what we purchase.
@@thomaslong2904 are you applying for an SBA 7(a) loan or the SBA Express Loan. I can help you either way. Please email me directly at leo@greenlandhq.com and let's chat next week.
Lies they run your credit
Hi its available in Philippines?
No it’s not. US only
your video is so great beautiful ☺️😻 incridable🔥🔥🔥 😊I am big fan of you from Mumbai 😀 SUPERB awesome😮 hello ?🔥🔥🔥
Thanks so much! Greetings from the US. Did you subscribe to my channel? If not please do.
How can I contact you
Hi Mark, email me directly at leo@greenlandhq.com. Let me know what your availability is for next week and we'll set up time to chat. FYI I am in California, so it would be PST time. Look forward to speaking with you!
This site sucks I have a 740 credit score and turned down also Leo’s site You need to be making a minimum of $200,000 a year so it is not for start up businesses. Both bad options.
Fund box back my account don’t do it
hi, thanks for watching. What do you mean by FundBox back your account?
*THE* *CYBER* *MASTER* 🤡•🤡 *COM*
They helped me perfectly .
V I s I t t heir we b s ite.
How can I contact you
You can email me at leo@greenlandhq.com.
Look forward to hearing from you.
@@LeoLandaverde Thanx Leo I Will email you my name is Kelly
Hi Kelly, looking forward to hearing from you!