The 3 C's of Commercial Lending

If you are looking for money for your business than you will be happy to know you only need one "C" to qualify.

In lending when we look to see if a client is fundable we are looking for one of the 3 "C"s. You don’t have to have all of the 3 Cs, only 1 to secure funding.

The first C is Cash Flow. When you have an existing business with good cash flow you can qualify for business funding.

If you do have verifiable cash flow, this substantially increases your chances of being approved for funding. There are many funding programs you might qualify for, including Business Revenue Lending or Merchant Cash Advances.

If you don’t have cash flow, your business still might have Collateral, which is the second C.

Collateral for your business is really your business assets. Many things can be used as collateral including equipment, purchase orders, account receivables, inventory, 401k, stocks or other securities, or even real estate.

Having Collateral greatly increases your chances of being approved.

If you don’t have cash flow or collateral, don’t worry you still can qualify for business funding.

Lenders also look at your personal or business Credit to qualify you. Credit is the third C of lending.

Lenders will lend you money with no personal guarantee based on your business credit profile and score. If you have a good business credit profile you can use that as security to obtain funding.

If you don’t have business credit built now, call me so I can help you quickly build an excellent business credit score and profile.

Maybe you are just starting a new business and you have no business credit, cash flow, or collateral. In this case you can still qualify for funding. But lenders will use your personal credit to qualify you.

You can secure credit cards and lines that are unsecured and required no financials, collateral or cash flow to qualify.

These types of unsecured credit cards and lines do not look at revenue or financials. Your credit is all that is used to qualify you for funding.

If you don’t have good credit, call me. I can also help you insure you have an excellent personal credit profile to secure funding.

All you need is 1 of the 3 "C"s to qualify.

And I can help you build business credit and improve your personal credit, so you WILL qualify for funding.

Call us today 772-232-8131, so we can talk more about obtaining money and credit for you and your business.