Based on Elite Loan Capital's experience as unsecured small business loan consultants, the key question in creating your plan is a two-part question: "How much money will I need and what will I do with that money?" You can see the relationship between the two parts of the question.

When starting a business, any requested loan financing needs to be included in the start-up capital estimate. In addition, most requests for a business line of credit or small business loan, save for unsecured loans, will require some level of detail as to their intended use.

We've generally seen small business loans are approved for either operations (new employees, marketing, etc.), assets (equipment, real estate, etc.), or business debt payment.

Most often, new small business financing can be organized into two simple categories: Working capital to keep the business operating and expansion capital for business growth.

A second key question, from the lender's point of view is "When will they be able to repay this small business financing?" To answer this, sketch out an estimate of the time you think your business will break-even, then when and how you plan to schedule your loan repayment.

Call us toll-free now at 888-705-5007. Or fill out our More Information request form below and one of our consultants will contact you at the time you specify.

Please also look at our International section:  we can help with large requests, bank guarantees, and letter of credit, SBLC and Commercial LC.  Or call us to discuss your unique situation.