To obtain business funding, lenders typically want to see that you have Collateral, Cash flow, or Credit – whether it’s personal or business credit. If you have collateral, cash flow, or good personal or business credit, then you can typically secure money within 30 days or less. If you have challenged personal credit, no collateral, no business cash flow, you can still secure money using a personal guarantor with good credit. With no guarantor, collateral or cash flow, you will need to build business credit in order to obtain funding which can take up to 12 months.
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