If you are looking for funding for a personal or business loan, and you want quick and easy results look no further. NCH helped me achieve my goal. Thanks for making the process easy.

- Mrs. Brown

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Find the Right Type of Business Loan for You

You don’t need to live in Nevada to enjoy the best asset and lawsuit protection a Nevada-registered business can provide

Equipment breaking, code violations, inclement weather…anything can happen when you run a business. Are you ready for anything? With a good business credit score, you can get the business financing you need to survive a crisis.

Whether you already have a business or are considering forming a corporation or LLC, sooner or later you’ll need to borrow money.

Luckily, the credit experts at NCH are here to help! We’ll walk you through the process of qualifying for funding and get you started building a line of credit.

Factors to consider before applying for a business loan:

Are you looking for a business line of credit for working capital and/or growth, or do you need to lease premises and/or equipment?
Do you have 2 years of financials prior to setting up your corporation or LLC?
Can you provide the following requirements: business summary, personal profile, loan proposal, business plan, loan repayment plan, supporting documentation?
Are you equipped to identify the scams in today's market place that make unrealistic promises about business credit?

Your answer to these questions will determine which business loan option or lease is right for you.

Finding the Best Business Loan or Lease

Without the proper credit profile, it can be extremely difficult to find someone willing to give your business a loan or lease. Before looking for financing, make sure you're prepared to present a good offer to a lender. Learn what it takes to obtain the loan or lease your business deserves.

Our NCH experts advise that you take the following steps:

Prepare You and Your Business

Have a favorable PAYDEX score with D&B
Have a favorable Intelliscore with Experian
Have a favorable personal credit score (FICO)
Have a minimum of 3 trade references
Have a good bank reference
Research your options carefully. Consider:
- Term loans: Receive a lump sum and repay with interest over time.
- Small Business Administration (SBA) loans: Options like SBA 7(a), 504, and microloans offer support for small businesses.
- Business line of credit: Access a fixed maximum amount of funds for flexibility.
- Merchant cash advances: Ideal for businesses with consistent credit card sales.
- Personal loans for business: Suitable for startups and small businesses with strong personal credit.

Put Together a Written Plan

Prepare a business plan
Prepare a marketing plan
Have 2 years of financial statements and tax returns

Having these three things will be crucial for you obtaining the loan or lease you want. They must be well prepared.

Develop a Plan

Find someone with good credit to sign for the loan or lease
Determine what business entity you’ll have
Determine why you need the money
Determine how much you need
Determine how you will pay it back

Packaging the Request

A lender or credit card company will want the loan request presented in a specific manner
Use a professional loan packager, especially with an SBA Loan request (including SBA microloans)

Using a professional packager will save you time and money while providing the lender with everything they want, increasing your chances of approval.

Got a Question? Start Here

Business credit is a reflection of your business's creditworthiness. It demonstrates your venture's financial health and responsibility. The higher your score is, the more creditworthy your business is. In addition, a good business credit score will help you get better terms on business loans.

There are ten common types of business loans:

Term loans
SBA loans
Business lines of credit
Equipment loans
Invoice factoring
Invoice financing
Merchant cash advances
Personal loans for business
Business credit cards
Microloans

Before the loan application process starts, gather all of your documents. Most lenders ask applicants to submit their financial records and bookkeeping reports. Aside from this, it would also help if you provide proof of cash flow and accurate financial projections for your business.

In most cases, a strong credit score increases your likelihood of securing loans and lines of credit. Business credit scores are one of the primary factors lenders consider when determining a business's credit worthiness.

Call for a FREE consultation at 1-800-508-1729.

Book Your FREE
1:1 Business Checkup

In only 15-30 minutes, our business formation experts will meet with you and:

Evaluate your current business structure and identify areas of improvement
Find potential problems before they become major issues
Develop a game plan for improving asset protection and minimizing tax liability
Reduce your exposure in the event of a business accident

Time slots are limited and fill quickly, so secure your spot now!

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Find the Right Type of Business Loan for You