11/17/2021
When can a borrower get more financing 💵💵💵💵💵💵💵💵
Trusted Financial has developed a diverse platform of lending solutions for clients seeking financing for their businesses.
With a diverse base of partner lenders, Trusted Financial is well positioned to assist you in financing your requests.
However, many business owners wonder about the possibility to get more financing than provided by the lender.
When it comes to commercial real estate, it's much easier. There is not lot of limitations to increase the financing amount.
When it comes to equipment, it mostly depends on cash flow. Lenders will want to make sure that they can meet the debt service coverage. As long as the borrower has the required down payment to buy the equipment, they can usually get another deal done.
However, for small businesses, corporate finance, or working capital, it all depends on the borrower's revenue. The lender can extend them the maximum amount based on their existing revenues and existing debt.
If the borrower needs more financing than they can get, they may have to wait 3-6 months until their revenue situation changes.
To find out if we can assist you on your next loan please email me: [email protected]
or call 204-955-0233.
To apply online go to www.trustedfinancialcompany.com
Or click in the link below ⬇️
https://trustedfinancialcompany.com/small-medium-business-loan-application/
