$50,000 NEW LLC with No INCOME! Startup Loans 5 Banks! PROJECTIONS Loan OK

$50,000 NEW LLC with No INCOME! Startup Loans 5 Banks! PROJECTIONS Loan OK

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[flixilf-jibreelthatguy]

this guy doesn't help and talks to much.

[TheRealXatious]

This is incorrect! Please be aware…having projections means nothing to banks without proper collateral and experience to back up the loan. If you are looking to get a small business loan, look into SBA backed loans. I’m not sure exactly where he is getting this information but it will link to your personal credit unless you are already a successfully operating business (which then you have to watch out for private equity sharks)

[beatsbyvince]

Great video but if you have a new LLC they won't approve you for that amount right away no trust built.

[manirbeas]

I call BS, , I tried that with my new LLC with Chase and all they did was hit my personal credit score and deny me. And yes I got everything, BUSINESS LICENSE, LLC CERT, EIN NUMBER, DOT # MC# Are active, BUSINESS ACCOUNT, SO yeah big BS

[MarkHayes-uehs]

So I have history with US Bank and Amex. The question is how do we ask for these types of funding specifically Business Funding? They are not on applications. So what should we ask for?

[montec]

I tried with BOA they said no and put a hit on my personal credit even though it was for a business

[MrBookman]

Not a credit card, but a credit line that will give me liquidity to initiate operations.

[mattmitch]

I did get 15K from chase on my first application.

[andrewnyduch]

Went into the bank yesterday and did not get approved for a business credit or business loan. Hard hit. Find another route folks. Will drop your credit score and mess you up if you dont go into this carefully. I have a stable job offshore, good credit 700+, Business plan +docs, pay stubs, W2 averaging over 6 figs. Low debt to income ratio. Chase did not approve.

[abab-klgt]

A loan to start a business means that there is no LLC if you have a LLC you have a business you are up and running how does someone get the money to start a business.

[nathanaelsegura]

9:00 chase unsecured business credit cards
9:17 Bank of America
9:31 PNC Bank
9:43 US Bank
9:59 American Express

[derekmiller]

Mr. Cartwright I have to call you out on the no docs crap because I myself am trying and have been trying for many weeks now to secure a business loan or business financing or a business line of credit and I've even been trying to get it through your proposal company you're apart of rock financial and guess what they asked me for as a Rideshare sole proprietor? They asked me after I've applied and everything they asked me for four months of business banking statements they don't allow for even the possibility of a projection and then taking my word for it do you have any advice for how I myself as a Lyft driver and Uber driver sole proprietorship Rideshare driver can access this funding because you act as though it's the easiest thing in the world to obtain and you just got to give him a projection but that is completely and objectively false. Explain please?

[CharlotteEaton-fx]

Wish I would have gotten the memo on using personal credit for my new insurance business.. Open enrollment starts the 15th hopefully I will get enough clients soon to pay off my personal credit cards!

[thestreetswannaknow]

I wish you’d get to the point in your videos but I still love your content

[renegadephilosopher]

A better question is, lets say you get that business funding using this method. You leveraged your personal credit. Lets say your business fails for one reason or another, that could potentially be cause for them to come after personal assets, no?

[Elie_Fakhoury]

What are the chances of getting funded and how long does it take

[wilson-jrca]

Andrew I love your videos you give good advice when it comes to people like us who are just getting started with a small business. I am having a hard time getting a loan, line of credit for my startup because I dont have a high revenue. What advice can you give to me please? I have a great business idea I just need the funding to get it going. I know it will be successful.

[winstonharper]

What personal scores are needed with the new llc's? Thanks

[gemsher]

I’m scrolling YouTube and the Internet. Looking for grants to start a small business on my property. But everything seems to be US. It doesn’t look like the Canadians have much going on. So many wonderful opportunities out there.:)

[HermanJohnsonJr-wvvf]

Mr. cartwright i have watched. and listened to you put out good information. I have a new LLC, for my Transportaion business my issue is trying to find funding. my personal credit is good Help (: