business finance loan faq
1
1
I have been approved for a popular sandwich franchise. This is my first time in a business. What is the most important language to look for in a franchise contract?Can you recommend credit bureaus that offer credit reports on an international scale? In other words, how can a U.S. small-business owner check on a prospective client in, say, Colombia, Brazil, South Africa or France?While structuring my recent start-up, I ran into a snag. I want to have a key feature of my company provided heavily through an app. Would providing an online and mobile application increase my start-up costs?What are the main differences between borrowing money and selling ownership interests in my business?What do banks require? How do business loans work?If I borrow money, what are my repayment options?How do I sell ownership interests in my business?How much money do I have to inject for a business with start-up costs of $100,000?Is a line of credit better than a loan?Where can my capital injection come from?What qualifies as a business loan?If I have a bankruptcy in the past am I still eligible?Is there a penalty for early repayment?Do I need to be currently employed to get a business loan?If I don’t have any money to put into a start-up business, can I still get a loan?Do I have to put my home up for collateral as part of the financing?Can items already purchased be counted as my capital injection?How much money do I have to contribute towards the purchase price?How long does it usually take to get financing?Is cash flow or adjusted net income important?What would be considered collateral?If I have no collateral, can I still qualify for a loan?Do I need to identify my location prior to applying for a loan?If I have no experience in the industry, can I still qualify for a loan?Do I need a business plan?
1
1
