Unsecured Business Financing Presentation B Gx
Download as ppt, pdf0 likes140 views
The document summarizes an unsecured business financing program from Compound Profit that does not require collateral. It describes how to apply, the underwriting process, credit requirements, and how the financing can be used. The application is short with no fees, requires a credit check, and financing occurs with a 12% success fee. Underwriting grades credit and provides suggestions; credit scores of B2 or above generally qualify while additional steps may be needed for C1 and financing requires a guarantor for C2.
![Questions? Bob Gerughty Owner/Area Developer SF Bay Area office Compound Profit www.cprofit.com [email_address] Fax: 888-716-2366 phone: 650-941-8969](https://image.slidesharecdn.com/unsecuredbusinessfinancingpresentationbgx-13063646344472-phpapp02-110525182406-phpapp02/85/Unsecured-Business-Financing-Presentation-B-Gx-7-320.jpg)
Unsecured Business Financing Presentation B Gx
- 1. Unsecured Business Financing for New Businesses
- 2. Unsecured Business Financing Compound Profits doesnt require any collateral for its Unsecured Business Financing program Most businesses dont qualify for loans due to poor financials or a lack of credit history. Compound Profits Unsecured Business Financing Program can overcome these problems
- 3. Applying for Unsecured Business Financing program (UBF) Short application. No financials required Start-ups and Franchises are OK No application fees Requires good credit and a clean credit history by one of the business owners Credit report must be run by TrueCredit.com, and include all three credit agencies
- 4. How Unsecured Business financing can be used For payroll, inventory, equipment, research marketing, advertising, and even operating capital To pay off personal debt, thereby increasing your personal credit score, which allows access to more funding alternatives To allow you to focus on your business without financial concerns To take advantage of opportunities that you couldnt afford before (opportunity cost)
- 5. Once that your application information is entirely complete, it is submitted to underwriting. Underwriting grades your credit as A1, A2, A3, A4, B1, B2,C1, or C2). Credit scores of B2 or above generally qualify for unsecured financing. If your credit score is C1, you may qualify for financing after some additional credit repair. Suggestions are provided by the underwriter in your credit grade report. If your credit score is C2, you will need to find a guarantor to receive financing. How the underwriting process works
- 6. To apply Fill out the application. There are no application fees. A success fee of 12% applies when financing occurs. Run the True Credit report for all three reporting agencies. True Credit is used because it doesnt ding your credit score when run. Input the password information for the True Credit report on the one page application, so that headquarters can independently verify it. Sign the separate signature page, and fax or email the application and signature page to me. Personal financial statement, tax returns and bank statements are additional required documents
- 7. Questions? Bob Gerughty Owner/Area Developer SF Bay Area office Compound Profit www.cprofit.com [email_address] Fax: 888-716-2366 phone: 650-941-8969