How to qualify for a business line of credit

How to qualify for a business line of credit Sanyukt Rajya America mein vyapar karne waale 33.2 million chhote vyapariyon ke liye vistrit operating aur vistarit lagat ko sambhalna asaan ho jaata hai ek business line of credit ke madhyam se. Iske saath hi, yeh paramparik vyapar karz se adhik laachar hai, jo ek palatavaar karz pradaan karta hai aur kabhi bhi liye gaye raashi par bhiyaaj ke alawa koi bhiyaaj nahi leta. Ek business line of credit ke liye yogyata nirdhaarit karna bhi kaafi saral hai. Yahan dekhte hain ki ek business line of credit ke liye kaise yogyata prapt ki jaati hai.

qualify for a business line of credit
qualify for a business line of credit

General lender requirements and eligibility

Business credit score

Vyaktigat rin lene waalon ke liye FICO rin scores ki tarah, vyavasayik rin scores ek vishesh company ke credit yogyaata se sambandhit hote hain. Ve alag-alag score model aur shreniyon ka upayog karte hain, lekin mukhya udeshya ek hi hota hai. Aam taur par, ye teen vyavasayik rin bureau dvaara jaari kiye jaate hain: Experian, Equifax, aur Dun & Bradstreet.

qualify for a business line of credit

Rin ki line pradaata aapke vyavasayik rin riport mein di gayi jaankari ka samaikikaran karte hain aur company ke rin score ka moolyaankan karte hain, taaki ye nishchit kiya ja sake ki wah nimanit rin dene ki avashyak sharten poorti karta hai ya nahi. Yeh sthiti aksar pradaata ke anusaar alag ho sakti hai.

Sarthak Vittiy Upakaranon ke saath, uncha vyavasayik rin score anumati prapti ke sambhaavnaon ko badhaata hai. Sath hi, ye behtar bhiyaaj dar aur sharten, aur adhik uchch rin rekha surakshit karne ki kshamata pradaan kar sakta hai.

Time-in-business minimum

Adhikansh rin dene waalon ke paas niyamit samay ki aavashyakata hoti hai, jo us samay ke adhaar par hoti hai jisme company karyarat hoti hai. Aam taur par, yeh maangana yeh surakshit karta hai ki kam se kam company kisi had tak saabit ho gayi hai.

Niyamit avashyak samay alag-alag ho sakta hai. Adhikansh rin dene waalon ke paas ek ya do varshon ka avashyak samay hota hai, haalaanki kuchh adhik samay maang sakte hain, aur anya unke saath kaam kar sakte hain jo chhe mahino tak kaam karte hain.

Aam taur par, jitna adhik samay company kaam karti hai, utni kam uska rin dene waalon ke drishti mein risk prakat hota hai. Is prakar, lambe samay tak kaam karne waale chhote vyapari aksar naye vyapariyon ke tulna mein behtar dhaara aur sharten aur uchch rin rekha prapt karte hain, jo saman vyavasayik rin scores aur vittiya sthitiyon ke saath hain.

Business revenue

Vyavasay mein aay vittiy visphot se pahle bruto aay ka pratinidhitva karta hai. Aay ki maang aavashyak roop se nirdharit karti hai ki vyavasay ko ek rin ki rekha ke liye yogyata prapt karne ke liye kitni maasik ya varshik aay laani chahiye. Fir bhi, niyamit rup se aay ki maanayen alag-alag hoti hain, kuchh rin dene waalon ka varshik aay mein $100,000 ki maang hoti hai. Dusre adhik ya kam anumati maang sakte hain.

Understanding the application process

Ek business line of credit ke liye aavedan karna aam taur par ek saral prakriya hoti hai. Sabse pehle, aapko avashyak rashi ka nirdhaarit karna hoga, jo aapko prapt karne waali rin ki rashi ko ghoshit karne mein madad karega. Phir, aapko rin dene waale ko pradaan karne ke liye saari aavashyak dastavejon ko ikattha karna hoga.

Typically, lenders require the following documents:

  • Tax returns
  • Business licenses
  • Articles of incorporation
  • Bank statements
  • Financial statements
  • Profit and loss statements
  • Business plans

Kuchh vastu se sambandhit dastavejon, jaise imaarati kiraye, bhi sambhavatah aavashyak hote hain. Haalaanki, yeh kya aavashyak hai yeh nirbhar karta hai ki kya aap kiraye par hain ya apne aap ka maalik hain.

Sabhi aavashyak jaankari ko ikattha karne ke baad, aap aavedan patra bharna shuru kar sakte hain. Aavedan patra mein aapko apna naam, Samajik Suraksha Sankhya, Niyamak Pehchaan Sankhya (EIN), maangit rin ki rashi, rin ki rekha ka uddeshya, aur varshik aayank ankon jaise vyaktigat aur vyavasayik jaankariyan pradaan karni hoti hai. Yadi aapke aavedan ko samarthan karne ke liye koi dastavej ki anumati ki gayi hai, toh unhe aavedan ke saath lagaye ya pradaan karein. Jab aap aavedan patra poorna kar lein, usko pradaan karein aur nirnay ka intezaar karein.

Yadi manjoori prapt ho jaati hai, toh aapko aapko dastavejon ko samaikikrit karne aur sign karne ke liye aavashyak dastavej milenge. Ye rin ki rekha ke sharton ka vivaran dete hain, isliye aapko inhe sign karke prakriya ko samapt kar dena chahiye.

What to do if you are not qualified

Yadi aap aavedan patra jama karte hain aur yogyata prapt nahi karte hain, toh aapke paas vikalp hote hain. Udaaharan ke liye, aap doosre rin dene waale ke saath rinon ko explore kar sakte hain, anavrit business line of credit ya secured business loan ka chayan kar sakte hain ya aavedan dobara jama karne se pehle apna vittiya profile sudhaar sakte hain.

Sabse achha vikalp us karan ke aadhaar par hota hai ki aapka aavedan ko kyun asvikaar kiya gaya hai, jo aksar nirnay lene ke baad diya jaata hai. Iska upayog karke yeh nirdhaarit karne mein ki kaun se karyakram ka sambhav hai. Isse aap apne vyavasay ke lakshyon ko poorna karne ke liye avashyak dhan prapt kar sakte hain.

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