Commercial Loans


Business Plan
                                                       

When Seeking a business loan, lenders will want to be able to thoroughly calculate your ability to repay the interest and principal via the positive cash flow of your business. Developing a strong business plan that clearly showcase your business, its objectives, and the expected financial results during the first three to five years of operation makes good business sense. We at The Pitre Group can prepare a strong business plan that is the most important part of running or starting a business, expanding a business or obtaining finance for a business. If a business plan is written properly, starting, expanding or running a business, or obtaining finance, is much easier, leaving less room for error and failure. While you cannot predict everything that can happen in a business' future, a good business plan helps you avoid certain pitfalls, overcome certain obstacles and anticipate and create opportunity
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Uses                                                

  • Companies seek commercial loans to buy equipment, supplies, pay employees, and purchase or lease property, among a variety of other business needs.

    Getting a Commercial Loan

  • Commercial loans are offered by both local and national banks in your community. Most banks have both a personal and commercial division to handle the two different types of customers.

    Getting Approved

  • In order for a commercial loan to be approved, the business owners or representatives usually have to present a full business plan complete with financial projections, and any information about how the business has operated in the past. Lenders also like to see collateral and a personal guarantee from one or more of the owners.

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