As you review the following overview of services, it is important to note:
- You can spend the financial resources you acquire through StartupFundingLA to buy a business, purchase marketing services, pay for prototype development through companies you find on sites like Alibaba, compensate attorneys, etc.
- You pay absolutely nothing up front for the services we provide. Our customers pay only when, and to the extent, they actually gain access to new financial resources.
- We are a business services provider and a consulting company, not a bank, lender, or investor. You don’t give us any equity, ownership, or control of your company or projects in order to get funding.
- We’ve helped hundreds of businesses get the financing they need to move their projects forward.
Establishing Business Credit: Many entrepreneurs company out of their own pocket using credit cards or family resources. We help these entrepreneurs get business lines of credit for their companies which don’t report as personal debt to the consumer credit reporting agencies. We can usually negotiate a 6-12 months interest free.
- The nice thing about business credit is you can use it, pay it off, and use it again which isn’t true for other debt financing or for money that comes from investors.
- You don’t give up any equity in your company in order to get this funding.
- You determine when and how to spend your resources.
- Frequently we establish business credit for customers and they come back the following year to raise their limits.
- Successful business, usually need to establish business credit lines in order to smooth out cash flow, develop new projects, and grow.
- Business lines of credit are personally guaranteed even though they don’t appear on personal credit reports.
Establishing Personal Credit Lines: Entrepreneurs developing their first company to cover lawyers creating investment paperwork. This development/packaging is often financed from savings, friends, family, and consumer credit.
- We help people increase the amount of consumer revolving credit they can access, and frequently are able to negotiate a 12-24 month interest free period.
- This financial resource, like business credit, can be used over and over again and can be increased over time if used responsibly.
- Acquiring these financial resources doesn’t require giving up any ownership or control of your company.
- You determine how and when the money is spent, when it is repaid, etc.
- Personal lines of credit, of course, do appear on standard credit reports and are personally guaranteed.
SBA Loans for New & Growing Business: If you want to start your company profitably, gain access to critical resources you need to launch new products and services profitable, become more attractive to investors going forward, and earn a reasonable salary while you build your business, we’d like to suggest you seriously look at using SBA loans.
To get an SBA loan, even as a new business owner, you don’t need perfect credit or a huge amount of money. You instantly relationships, customers, revenues, resources, assets, a salary, etc. and you gain a very solid base from which to launch new products and services.
- We can process $1M-$5M loans in 3-4 months in most cases.
- You don’t need perfect credit.
- You don’t need a huge down payment.
- You pay no upfront fees to get an SBA loan.
- Our SBA approved fees are paid only when escrow closes.
- SBA loans are repaid over 10 or 25 years (the longer period is for SBA loans where 51% or more of the loan is used to purchase real estate.
- If you already have a business, you can can use SBA loans to grow stronger and more profitable quickly through buying another company or assets (like a building, etc).
Reach out by phone to 310 310 8614 or email mpraver@StartupFundingLA.com.