Today we will be looking at a specific example of using an unsecured small business loan. The example is based on real events in part to give you some real world perspective of how and when to use these types of loans. "Cheapest" kind of loan you can usually get in terms of interest rates and fees, a loan that is secured by a strong asset, as as real estate and the borrower have perfect or near perfect credit. It is not always possible, however, sometimes it is important that the funds more quickly, and it can sometimes be a good investment.
In this case, a company involved in marketing products online, there were additional sredstva.Marketinške campaign has grown rapidly in volume, but sales came in very quickly as well. Payment for the sale takes 30 days to lock in a price of advertising has been running over budget $ 100/day. So, they will have to get a loan of some kind. Since he had no copy of the property loan, secured loan was not an option. Also, they will lose money from the budget within a few days, and venture capital was not possible.
so how would they go about recording this income, if they do not have money to pay for advertising until payment is received? They decided to try to get the unsecured small business loan. Since this is a new job were not in business for more than two years, to put them in a certain category of available credit. Furthermore, they have established business credit. Like many owners are only running your business DBA (doing business as) under its own name and using his credit. This in turn has an impact on the loans available.
Finally, as a limited amount of total revenue, they could only borrow so much. After discussing the situation in the loan officer to non-traditional lender were able to borrow enough money to cover the amount of additional costs for the month. The loan was obtained with double-digit interest with repayment expected within 90 days. But given the circumstances it is a very good choice for them, as the sales tax was approximately 100% of its costs for the acquisition of marketing leads. The interest rate is important, but not the only factor in deciding whether or not to apply for a loan.