When it comes to approving business loans, banks can be quite selective. They often
focus on specific industries, the geographical location of the business, the duration the
business has been operational, the loan amount, and other criteria. While banks have
their preferred types of loans, non-bank lenders have emerged to fill the gap between
the demand for business financing and what traditional banks are willing to offer.
Businesses seek funding for various reasons, such as expansion, acquiring a
competitor, purchasing equipment, or managing accounts receivable. When banks
decline a loan application, alternative options are available. Although non-bank lenders
typically charge higher interest rates, a strategic approach can make this a viable
option.
At LenderMatch, we aim to build long-term relationships with our clients. If a non-bank
loan is the best solution for your business, we can help you secure the most favorable
financing and guide you through the process. After closing the loan, we offer consulting
services to improve your chances of obtaining conventional bank financing once the
new loan matures. This may involve improving your credit score, reducing debt, or
enhancing your loan-to-value ratio. We also monitor the loan until its maturity and assist
you in securing the best long-term financing when the time is right. In conclusion, you
can obtain the best financing for you business by taking these steps:
1. Step One: Obtain a non-bank loan to address your liquidity needs, with a
maturity period of 12-24 months.
2. Step Two: Work with you to find the right bank to refinance your loan with better
terms, improving your cash flow.
To discuss your financial situation and find the best strategy for your business, complete
the short form by clicking the ‘apply now’ button on our website, call us at (630) 635-
3700, or email us at info@lendermatch.com.
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