SOURCE: New Business Funders

July 20, 2016 15:57 ET

New Business Funders Helping Entrepreneurs Understand Basic Requirements For New Small Business Loans

SCOTTSDALE, AZ--(Marketwired - July 20, 2016) - New Business Funders (http://www.newbusinessfunders.com) has just released a brand new guide that helps business owners learn more about the funding requirements for the loans that they can consider.

"Big banks don't really give you a whole lot of detail when it comes to funding requirements for the loans that you are trying to get approved for," explains Troy Bohlke, spokesperson for New Business Funders, a company that specializes in helping new businesses secure lines of credit. "Needless to say, many business owners are surprised and frustrated when they get a rejection notice, which occurs a lot more often than you may think."

To help businesses gain the funding they need, New Business Funders routinely delivers in-depth guides that are designed to help business owners better understand their options. In many cases, the simple answer is to ignore conventional business loans and consider instead a more lucrative business line of credit.

"Trying to get approved for business loans in today's tough banking climate is akin to running five miles uphill in 100-degree heat," Bohlke infers. "But there are alternative options that these borrowers can explore."

What Bohlke speaks of is business lines of credit, a realistic way to cut the red tape that's colloquially associated with conventional business loans.

"You can use your personal FICO score for this type of funding," Bohlke assures. "You can even combine it with that of a co-applicant to increase approval odds. These banks [the ones in his network] are hungry and are eager to find new borrowers to lend money to."

You can read the new guide online at: http://newbusinessfunders.com/understanding-new-small-business-loan-requirements-is-half-the-battle-to-getting-funded.

To learn more about this small business program, go to:
http://www.newbusinessfunders.com
Or contact Troy Bohlke
at :1-855-680-FICO ext. 101; or via email at:
funding@newbusinessfunders.com.

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.

Contact Information