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Getting a Business Loan
The world is starting to evolve and individuals are starting to get away from their own comfort zone to a more passionate job. How about you? Are you not tired of being somebody else’s employee? Do you plan to start your own bakeshop or small construction materials store? Are you thinking of the capital that you need in putting up your own business? Axis Capital Group Business Funding which helps small business operators all over the US and now expands to Jakarta, Indonesia is finding ways to offer you an easier loan to start your own passion.

1. Get your finances (and documentation) in order.

Typically, a business needs to have been profitable for the past three years in order to qualify for a bank or SBA loan. Since most lenders will look closely at your credit history prior to making a decision, keep an eye on your credit score and anything in your credit report that might be a red flag.

Remember, most banks will require that you personally guarantee the loan, but if you have sufficient collateral within your business to cover the loan principal, they shouldn't require a lien on your home. When you plan to go to a business lending company like ours, all we need from you is a proper documentation of things. Of course, we would want to trust you as you would also want to trust us to avoid misunderstanding and complaints in the end.

2. Tell your company's story.

One of the most basic errors made by loan applicants was not telling me why their company needs the money. And they wouldn't reveal why we should approve the loan even though their company doesn't meet our minimum standards. Is your industry experiencing growth? Are you scheduled to partner with a major retailer? What's your story? Fine-tune your business pitch to include your future prospects--not just highlight past successes. We would also like you to establish a good goal for yourself and your business so you may know where you are to be in the near future and get a specific goal. This will prevent you to be distracted and get scammed in the end.

3. Go local.

A national bank is less likely to hear you out if your business hasn't been profitable for the last three years. It is also likely that your company will be passed over if you are lacking sufficient collateral to secure a loan.

Since Axis Capital Group now reaches far and wide with our extended company in Jakarta, Indonesia, it would be easier for you to lend for the benefit of your business.

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