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Bank Statement Loans – Mistake #4 when applying

Bank Statement Loans – Mistake #4 when applying

Many direct lenders have only 1-2 commercial loan programs with criteria and pricing that only addresses a unique niche in the market. If a business owner doesn’t fit the niche’, they have lost time and credit inquiries as a result, as a better fit may lie with another lender. The best option is to work with a company that has programs for the most preferred applications (with near bank terms) all the way down to starter loan programs for companies needing to establish or reestablish credit. Working capital loans, micro business loans, small business loans, and unsecured business loans are all terms frequently used to describe a Bank Statement Loan, which is NOT the same as a Merchant Cash Advance.

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