Bank Funding Obstacles

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All lending institutions focus mainly on a business’ quality of earnings. The main reason small businesses are denied funding from traditional avenues, like your bank, are due to insufficient collateral, debt load, and lack of personal credit.

 

How Does CNS Next Level Compare

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CNS Next Level will mainly focus on your company’s ability to pay. Collateral, debt load, and lack of personal credit are not main contributing factors in getting you approved.

 

                   CNS NEXT LEVEL                          VS.                              YOUR BANK

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      ● Funds Available in as little as 24 Hrs.                     ● Funds available in weeks or months

      ● Personal Credit is a Major Factor                            ● Personal Credit NOT a Major Factor

      ● No Fund Usage Restrictions                                    ● Use of Funds can be Limited

      ● Flexible Payment Options                                        ● One Payment Option

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                               Top 3 Misconceptions of Working Capital

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                                                                              #3

 

“I Don’t Have Collateral” or “I Don’t Want to Put up Collateral”
Many do not realize that getting a working capital loan through a company like CNS Next Level is simple. Unlike traditional bank loans that require collateral, a Working Capital Loan does not. It is mainly based on a business’ cash flow. Showing that the business is making money is key, and it alleviates a lot of stress of having to tie up property or assets.

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                                                                                #2

 

“I Will Not be Approved because of My Poor Credit” or “My Credit is Perfect, I Will Be Approved for any Loan”
Although the working capital industry does approve around 65% of applicants compared to traditional banking’s 20-30%, there are still requirements to be met. They are just different. When mainly focusing on the financial merits of a company rather than personal pitfalls of the signer, a whole new world opens up.

       

                                                                           #1

 

“I Could Use Funds but I Can’t Wait Weeks or Months for Approval”
Many apply for traditional bank business loans, only to find out months later if they have been approved and when funds will be available; generally 60-90 days. With a Working Capital Loan through a company like CNS Next Level you can receive funds in a significantly shorter amount of time, even as little as 24 Hours in many instances.

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                                              See what we can do for you.

                                                          312.324.4514

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