Where Are There Business Lines with No Personal Guarantees
To start a small business, you begin with your own personal growth, ambitions and vision. In order to keep it successful, you may need business lines with no personal guarantees.
Business lines with no personal guarantees may seem like a figment of someone’s imagination. Nonetheless, they do exist. You just have to know where to look.
What it means to Get Business Lines with No Personal Guarantees
If you are seeking a business line of credit, your biggest goals are probably to even out cash flow and save your business. When a lender provides you with any type of small business loan, his main objective is to get his money back. To do that, he will ask for personal guarantees so that if you can’t make the payments, he can sell your personal assets and recoup his losses.
Getting business lines without personal guarantees requires a business owner to establish a strong credit score for the business. You must get a tax identification number and apply for credit in the business’ name. Then, make sure bills and expenses are paid using this credit. This way, you will begin to build a solid credit profile for your company.
Eventually, when lenders can see that your business is in compliance with lending markets and credit reporting agencies, your application for a fast business loan will be more attractive. Without taking these steps, your business may face higher interest and lower amounts for an instant business loan.
Does Any Lender Offer Business Lines with No Personal Guarantees
Completely separating your personal credit from your business credit is a fundamental part of protecting yourself and your business. Financing Solutions (www.financingsolutionsnow.com) does not require personal guarantees (except in for cases of fraud) nor collateral for their line of credit products.
A business line of credit from Financing Solutions will give you quick and easy access to business capital. This is an ideal way to manage uneven cash flow, handle emergencies and take advantage of profitable opportunities.
Best of all, you can get your money fast. You can have a line in place in less than 48 hours and it stays in place for up to 12 months.
How to Make Your Business More Personal
In these days of mega-corporations and billion dollar buyouts, customers are looking for more of a personal touch. When dealing with a company, clients want to know that their business matters. The businesses that do this successfully are the ones who thrive. Make sure your company is one of them.
First, you must develop more personalized communication. This is made easier when you understand your ideal customer. Where does he live? What does he like? What are his pain points? Just think about any type of conversation: the more you know about the person you’re talking to, the easier it is to communicate. It’s vital to know his challenges and how your product can solve his problems.
It’s also important to share with your customers. Communication is a two-way street. Tell your story, and don’t leave out the flaws and quirks. Show your business’ personality with photos and videos. People like to do business with people and the more you can highlight the people behind your product, the more trust and business you will earn.
Of course, this is easy to do when you’re not consumed with cash flow and debt liability issues. With fast business funding from Financing Solutions, you can better focus on growth.