Home: Message List - Some guidance requested please

Re: Some guidance requested please

trivestors — Thu, 04 Jun 2009 22:40:10 GMT

Dunn and Bradstreet is a credit reporting for business. As for the equiptment it is probly to determine loan value.

Re: Some guidance requested please

trivestors — Thu, 04 Jun 2009 22:25:42 GMT

The d&B is Dunn and Bradstreet. This is like a business credit report. The equiptment is probly there to help them determine loan to value.

Re: Some guidance requested please

trivestors — Thu, 04 Jun 2009 22:22:02 GMT

I believe that the equipment would be a security on the loan. Take for example if you are asking for a loan of 1,000,000 and the equiptment is worth 600,000 it helps them to determine the loan risk. It also probly determines loan to value. Did give you a percentage of the loan that they are willing to do? All of the rest of the documentation my investors ask for. The d & B is Dunn and Bradstreet. If you are incorperated your business has a Dunn And Bradstreet rating. This is like a business credit report. How much are you looking for?

Re: Some guidance requested please

Creditbuilder — Thu, 04 Jun 2009 22:14:15 GMT

no pg is possible, at least with us, if you have at least a 2 yr old corp, a dnb profile with a paydex score of 80 and at least 15k reporting into your dnb profile. regardless, as long as they DONT charge you money upfront, you should be okay.

I myself found that if i can move forward with the Grant money, i would, why get a loan if i dont need it? but for some people and you as well, grant may not be enough.

Good luck

Re: Some guidance requested please

trivestors — Thu, 04 Jun 2009 22:37:07 GMT

I sent a Reply but did not post

Re: Some guidance requested please

Creditbuilder — Thu, 04 Jun 2009 22:24:56 GMT

or better yet, go to businessformationgroup.com/grants and instead of filling out grant info, just request someone to call you... and explain that to them.

Re: Some guidance requested please

Creditbuilder — Thu, 04 Jun 2009 22:23:45 GMT

then go to my profile and call me... I can do the same thing with no fee to you.

Re: Some guidance requested please

nconnor — Thu, 04 Jun 2009 22:22:19 GMT

The upfront fee is $995 and then they want to charge me $180 a month

Re: Some guidance requested please

Creditbuilder — Thu, 04 Jun 2009 22:20:42 GMT

I sent a reply, but it did not post.. as long as you dont have to pay them a fee upfront, i dont think it should be a problem

Re: Some guidance requested please

nconnor — Thu, 04 Jun 2009 22:14:32 GMT

There is an entire list of them actually
Articles of Incorporation, Tax ID letter, Business Plan, Projected Financials. Taxes, Confirmation of something with a company called D & B, my current inventory and quotes of equipment I don't need to buy