Any bank will be happy to take your money into a deposit account but you will need to meet their requirements for a Business Line of Credit. All banks have different criteria but essentially they will be looking for the following:
1. In business for at least 2 years;
2. Positive steady cash flow;
3. Low debt to equity ratio;
4. No credit issues;
5. Trade lines reporting on your business and personal credit report.
When you look at these items and then Compare Business Bank Accounts you will find that banks are not the friends they appear to be. If you do not meet their very conservative requirements they will not be able to help you.
Fortunately there are alternatives for your Business Working Capital Loan where you do NOT need to be:
In business for at least 2 years;
You do NOT need to:
Positive steady cash flow;
You are NOT required to:
Low debt to equity ratio;
It is NOT a requirement to have:
No credit issues;
And you are NOT required to:
Trade lines reporting on your business and personal credit report.
Take the time and Compare Business Bank Accounts and the contact IMMFinancial.com to get the funding you need for your business.
