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| Name | Ways You Can Get a Business Loan with Bad Credit & No Collateral |
| Video Uploader | Video From Brett Cenkus |
| Upload Date | This Video Uploaded At 14-08-2016 17:30:20 |
| Video Discription | There are options for startups to secure a business loan with bad credit and zero collateral. On previous versions of 60 seconds, I have talked about the importance of having good personal credit. Is it critical? No. There are products out there, some angel investors, some venture capitalists aren't going to care too much about your person credit. And then on the loan side there are products out there, including factoring and Working Capital Loans, things like that, once you get going, where your personal credit doesn't matter that much. But if you want a true startup loan, a true launch loan, then your credit matters, unless you have great assets. So if you don't have great assets, then you need great credit. If you don't have that, then what do you do? You either just give up or you find a credit partner. A credit partner is someone you bring into your company whose got amazing credit. There's a lot of value to that in a startup company. There are startup loans out there where you can get 150 to 200,000 dollars completely unsecure. That's a lot of launch capital. Good credit matters, it's not critical, but it's valuable. So if you don't have it, consider a credit partner. _____________________________________________ Have questions? Book a call, and talk to Brett today: https://clarity.fm/brettcenkus _______________________________________________ You can reach Brett through: https://clarity.fm/brettcenkus https://www.linkedin.com/in/brettcenkus https://twitter.com/BCenkus https://www.cenkuslaw.com https://braatenwoods.com https://merger-resources.com _______________________________________________ Brett A. Cenkus has 20+ years of experience in business law, finance, and entrepreneurship. Through Cenkus Law, PC, he provides advice and services for mergers & acquisitions (M&A), securities offerings, founders’ agreements, and other general business law issues. Through Braaten Woods, LLC, Brett helps business owners in the lower middle market ($2MM - $25MM) position themselves for sale, find buyers, negotiate, and close M&A deals. Brett also maintains merger-resources.com, a site packed with free articles, videos, checklists, deal diagrams, template contracts, and other tools to help pass M&A knowledge to others. Brett regularly consults with entrepreneurs and invests his own capital as an angel investor. From 2010-2013, Brett served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006, he and a partner founded and built Paragon Residential Mortgage. Bridge Investments acquired Paragon in 2006. Brett holds a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania. Brett lives in Austin with his wife, Cathryn, and his daughter, Elle. He enjoys reading, squash, classic movies, great food and wine, and the New England Patriots. [Phpb4Y3TQWk] |
| Category | Howto & Style |
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