Wednesday, April 19, 2017

Getting The Right Atlanta Commercial Finance Broker That Will Work With You

By Tom G. Honeycutt


When you are in the middle of planning for that new building or the expansion you have been dreaming about, there are many things you have to do. One of those, of course, is to come up with financing, if you do not have available cash just sitting around. If you do not have a great relationship with a bank, you may just need to contact an Atlanta commercial finance broker to get this put together.

There are so many hoops you need to jump through when preparing and presenting your idea to a bank for financing. The research and tasks necessary for this can get overwhelming, especially while you are trying to keep the business going. The professionals who do this every day knows what it takes and can lend you the hand you at this point.

When you hire a loan broker you can rest assured that they know all of the bankers you really need to know. They are aware of the ones that will be friendly to your industry. They will be able to match your project with a financial institution that will be able to see your dreams the way you do.

Several things are red lights for many banks. One of these is not having a business plan set up the right way. Not being able to present this to the proper people will make it that much harder to obtain financing. A plan is your way of telling the money people you know what you are doing.

Other things that influence a bank or other financing organization might be the way you present what your business is doing and has been doing to bolster your great ideas. Not listing all of the vendors and their contribution may be a point that causes the board to throw your application out. A loan broker will know about all of these needs and ask all of the questions to get everything written down in an appropriate way.

Trusting these professionals to locate the best possible solution for you is well placed. They have been through this process many times in their career. They have your interests in mind. They understand that, in most cases, they do not get paid until and unless they get you that loan on your terms.

You will need to have this loan deal taken care of for you while you keep the business running. In most cases, getting all strung out working on this is not good for your peace of mind. Let these professional handle all of the paperwork, all the running around and the phone calls.




About the Author:



No comments: