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Author

Ryan Chen
January 10, 2025

Hi there,

Welcome to Loancater’s weekly newsletter. This is approximately a 4-minute read.

In today's newsletter, we’re going to go over why you should never wait until the last minute to look for financing and  should proactively get financing ahead of time

We are going to go over…

  1. What type of financing you should secure now

  2. Why you need to do it now

  3. Why you should never do it last minute

Schedule a FREE strategy session with us here for a business loan or apply for loan right here (link).

What Type Of Financing

The ideal type of financing you want to set up now is a credit line. Whether that be through business credit cards or a revolver (revolving line of credit) or a cash advance pre approved a head of time. 

Why You Need To Do It Now

A lot of businesses apply for a loan when their revenue is down or when their credit is maxed out or right when they’re at the brink of bankruptcy. This is a mistake. When your profile is weak, everybody bails on you. You need to apply when your business is at its best and set up the loan in advance.

Why you should never do it last minute

The other day one of our construction clients came to us to fund their payroll. They gave us 24 hours on the clock and they had already seen a revenue dip because an expected AR did not show up. Unfortunately for us, that missed “AR” was a massive part of the revenue and their pass approval did not hold. Needless to say he missed payroll. And if you think this doesn’t apply to your industry, think again - I see this happening in SAAS, Construction, restaurant, etc.

How I Can Help You

If you like this newsletter and want to work with me, there are a few ways we can do so:

  1. You can apply for a business loan here (link)

  2. You can apply for credit repair by emailing [email protected] “I want credit repair”

  3. You can apply for a free 30 minute strategy session for credit card processing & ACH  here (link)

  4. You can refer clients to me. Any clients you refer to that close we will pay you 10% of the gross margin on the transaction.

Or,  you can reply to this email.