5 Reasons On Why You Should Work With A Lending Specialist
When your business is funding it can be overwhelming...
You need funding to make payroll, pay off high interest loans, purchase equipment, and grow your business but where do you turn for the best solution?
This article will go over why working with a lending specialist is a great option when it comes to funding your business.
1. Working with a lending specialist will help you secure the best funding solution for your business.
There are many different loans and credit lines in our marketplace and finding the most competitive terms and rates can be difficult for any business owner. Lending specialists understand your business model and present funding solutions that best fit your current needs.
2. Lending Specialists have connections.
It's no secret that strong relationships in business are essential, lending specialist have connections with multiple lending institutions that will give you the most favorable rates due to the simple fact that these lending specialists send a ton of business to institutions and to retain business and keep clients happy underwriters give the "friend discount" when its comes to funding your business.
3. Expedite your funding needs.
Number 3 also pertains to connections in the industry. With direct connections to underwriting departments your application is placed at the top of the pile rather than the bottom. Lending specialists can fund your business in as little as 24 hours depending on the program.
4. Avoid unnecessary credit damage.
Many business owners simply go on a massive funding spree. These business owners apply to every bank and lending institution they can in a frantic fashion that ultimately ruins their credit and leaves the business owner with credit dings and no funding. A lending specialist works on a case by case basis much like a lawyer does and goes to bat for you with each institution.
5. Avoid the paperwork hassle.
Most likely the most dreaded part of applying for a business loan is the massive amount of paperwork needed. While you will have to initially provide the required documents for approval, lending specialists fill out and sort your paper work and point out any mistakes and discrepancies that can cause a application decline. Something as simple as a period (.) placed incorrectly on an application can cause a credit decline.
Business owners that are looking to secure funding fast and efficiently can contact a lending specialist at www.trustartfinancial.com