SOURCE: New Business Funders

June 01, 2016 06:30 ET

The 5 Critical Steps to Getting Startup Business Loans Revealed in New Business Funders' Guide

SCOTTSDALE, AZ--(Marketwired - June 01, 2016) -  New Business Funders ( has just released a brand new guide on the steps a new business owner can take to get approved for startup business loans.

Experts estimate that over 6 million new businesses are created each year in the U.S. This astounding number calculates to over 20,000 new businesses that are being created every single day.

But the one thing that these startups often lack is the working capital necessary to keep their businesses running. With bank restrictions getting tougher these days, it's hard to get approved for a loan right from the get-go. But, as the guide advises, there are ways to improve your credit, use a solid business plan and maximize your odds for approval.

One the thing that the guide advises is that you also consider new business credit lines, which are much easier to get approved for during the startup period, and which are offered by a wider assortment of banks.

"Starting a business in today's banking world requires the wherewithal to know that you can muster the grit to secure the financing that you require," explained Troy Bohlke, spokesperson for New Business Funders, a company that specializes in helping new businesses secure lines of credit. "Our new guide walks you through the necessary steps, so you can avoid common pitfalls and setbacks and get the funds you need today."

Find out how you can learn the 5 critical steps you need to take to get startup business loans by reading the guide here:

About New Business Funders

New Business Funders helps connect startups to the lines of credit they need in a simple and efficient manner. Using their broad network of banks that are eager to loan money to startups, NBF helps get new businesses the credit lines they need without the runaround. Just a 680 FICO score or better gets your business approved for a line of credit from $10k to $250k with low interest and easy repayment options. No tax returns, bank statements, automated payments, business statements or sales receipts required. It really should be this easy to fund your new business.

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