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Old 9th September 2015, 06:14 PM   #21
Advance Smart
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Join Date: Sep 2015
Location: Rocky Hill, CT.
Posts: 17


My advice is find a private lender or broker. The banks have a very slow and strict underwriting process. By the time a bank even gives you an approval or decline you could have already received funds. I have been funding businesses for a very long time. I have bank lenders and private lenders and I can tell you a lot of the private lenders are doing bank paper very close to bank rates in half the time.

The key to getting a loan is getting your financials in order and keeping your business bank account positive and plump with as much cash as you can. Three months of good bank statements go a long way in the private funding world.

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Old 21st January 2016, 06:32 PM   #22

Join Date: Jan 2016
Posts: 3
Default Invoice financing

Has anyone ever tried invoice financing? I'm thinking of trying it -- probably a community bank or online -- but not sure if the rates are competitive and safe. So far seems like a good option but want to hear about first hand experience before trying it.


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Old 14th May 2016, 04:51 AM   #23

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Bank procedure requires a lot of time and paper-work. Private lenders is the better option.

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