This page follows a San Luis Obispo, California request through Flintview Business Capital, from the opening call to a partner's review. Three roles divide the work: Flintview prepares the request, the funding partner rules on approval and terms, and the owner accepts or declines.
How to Qualify for a Commercial Loan? An Example With Intraoral Scanners
Qualifying for a commercial loan comes down to a few questions every partner asks in some form: how long the business has operated, how much comes in and how steadily, what it already owes, and what the money is for. A dental office buying intraoral scanners answers the last question with a quote, and the others with bank statements, tax returns and a list of current loans and leases.
- Write down what the money covers and when it must be paid.
- Collect a full year of bank statements and two years of returns.
- Note each loan, lease or advance already in place and what it costs monthly.
- Get quotes or bids for anything being bought or built.
- Call or send the form, then answer the partner's follow-up questions.
How to Qualify for a Business Loan? Nail Tables, a Remodel and the Answer for Salon Owners
A salon owner asking how to qualify for a business loan to buy manicure tables and remodel can expect the same core questions, plus a look at bookings. The tables can be financed against themselves; the remodel relies more on the salon's income and the owner's credit. Requirements differ by partner and funding type, so the answer to "will I qualify" comes from the partner's review, not from a checklist.
How to Get a Loan to Expand Business? An Example With Dumbbell Racks
Getting a loan to expand a business starts with showing that the current business can carry a new payment. A gym adding dumbbell racks and a second training area would show twelve months of membership drafts, the equipment quote and, for the expansion, the lease and contractor bid. Partners read the expansion as a cost and an expected increase in income, so set both out.
How to Get Funding for Business Expansion? An Example With Room FF&E
Funding for business expansion can come from more than one product. An inn replacing room furniture, fixtures and equipment while adding rooms might use equipment financing for the FF&E, a term loan for the construction, and a credit line for the months before the new rooms fill. A request that names each piece is clearer than one round number.
How to Get Working Capital Loan? An Example With Walk-In Coolers
Getting a working capital loan for a restaurant that needs walk-in coolers mixes two needs: the coolers, which last for years, and payroll or food costs during a slow stretch. A partner will usually want the coolers as equipment financing and the operating gap as a short working capital loan or a line of credit.
Once a partner has reviewed the request, an offer, if one comes, sets out the amount, the rate or cost, the term, the payment schedule, the fees and what secures the money. Read each line, compare the total dollar cost with any other offer, and ask questions before signing. Declining is always your choice. See funding options, the FAQ and the request form.
By Flintview Business Capital · Updated