According to a recent report by the SBA, small businesses account for 99.9% of all businesses in the United States. However, small businesses receive only 25% of all bank loans. This gap in access to capital is a major challenge for small business owners. Our private lending service can help to bridge this gap by providing small businesses with access to affordable capital with flexible terms.

Small enterprises frequently have difficulty gaining access to capital from conventional banks. This is due to several factors, such as high credit score requirements, collateral requirements, and complex loan applications.
Even when small enterprises can gain access to capital, it can be costly. Small business loan rates are typically higher than those for major businesses.
Capital terms: Small business loans typically have limited repayment terms, making it difficult for businesses to make monthly payments.

Credit Evaluation: First, we conduct a thorough analysis of your credit history, identifying areas for improvement and prospective obstacles. This serves as the foundation for developing a personalized credit restoration strategy.

Personalized Guidance: Based on the assessment, our coaches provide individualized guidance to resolve specific credit score-impacting issues. We outline measures and strategies that will assist you in re-establishing and maintaining a positive credit profile.

We collaborate with you to develop effective debt management strategies, enabling you to prioritize and pay off outstanding debts in a methodical manner. This strategy seeks to decrease your debt and increase your credit utilization ratio.

Credit Education and Empowerment: Our counseling extends beyond credit repair. We educate you on credit principles, responsible financing, and how to keep your credit score healthy. We equip you with the knowledge and resources necessary for lasting financial success.

Monitoring and Progress Tracking: Throughout the process, we continuously monitor your progress, track improvements in your credit score, and modify the credit restoration plan as required. We keep you informed and inspired on your path to improved credit.

Communication and Assistance: Our coaches maintain an open line of communication, offering assistance and responding to any questions you may have along the road. We are here to applaud your accomplishments and guide you through any obstacles you may face.

Credit Report Dispute Resolution: Assisting businesses in identifying inaccuracies or discrepancies in their credit reports and advising them on how to dispute and resolve these issues in order to improve their credit score.

Credit Usage Optimization: Advising businesses on how to optimally utilize available credit, manage credit limits, and strategically balance credit utilization in order to positively influence their credit scores.

Financial Health Checkup: Conducting periodic evaluations of the company’s financial health and providing insight into cash flow management, financial ratios, and financial habits that can affect the company’s creditworthiness.

Creating internal credit policies and procedures that encourage responsible credit management, accurate reporting, and compliance with credit regulations.

Lender Relationship Management: The process of cultivating and managing relationships with lenders, creditors, and financial institutions in order to negotiate favorable terms and maintain a positive business credit profile.

Emergency Credit Support: Providing emergency assistance and direction in critical credit situations, such as a sudden decline in credit score, legal action, or financial distress, in order to stabilize the credit profile.

Credit Growth Strategy Consulting: Working closely with businesses to develop a long-term credit growth strategy that is aligned with their business objectives, expansion plans, and financial benchmarks.

Integrating credit counseling services with popular accounting software to streamline credit monitoring, financial analysis, and report generation for businesses.

Facilitate Affordable Financing Access:

Provide individuals and businesses with a dependable source of affordable financing to support their financial requirements and expansion.

Potential Borrowers:

Individuals and businesses can apply for loans through the private lending program by following the prescribed application procedure and satisfying the eligibility requirements.

1. Improve Access to Affordable Financing:

Provide individuals and businesses with a dependable source of affordable financing to support their financial requirements and expansion.

2. Enhance Credit Scores and Financial Knowledge:

Goal: To empower debtors to improve their credit scores and make informed financial decisions by providing credit restoration counseling and financial education.
Objective

3: Encourage Small Business Expansion:

Support the expansion and development of small businesses by assisting them in establishing and developing a solid business credit profile.

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A private lending program can have a significant impact on the lives of small business owners by providing them with the capital required to launch and expand their enterprises. A private lending service can also aid in employment creation and economic growth.

This is just one example of how to conduct business funding research and requirements assessment. The precise research and requirements assessment you must conduct will vary based on your intended audience and the cause you are supporting.

  • SBA report on small business lending: U.S. Small Business Administration. “Small Business Lending in the United States.” 2023. Accessed September 26, 2023. https://advocacy.sba.gov/2022/07/12/small-business-lending-in-the-united-states-2020/

 

  • Federal Reserve report on small business credit: Federal Reserve Bank of New York. “Small Business Credit Survey.” 2023. Accessed September 26, 2023. https://www.fedsmallbusiness.org/survey/2022/report-on-employer-firms

 

  • Small Business Trends survey: Small Business Trends. “2023 Small Business Funding Survey.” Accessed September 26, 2023. https://www.census.gov/programs-surveys/btos.html

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2162 Spring Stuebner Rd. Suite 217, Spring Texas 77389
937-738-5118 | funding@creditwealthteam.com