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📣BRANCH MANAGERS & LOAN OFFICERS📣 Lets chat about the below⬇

Houston McMiller - Credit Specialist As a credit specialist, I want to share valuable insights on how you can leverage your new business to obtain a fleet of cars and credit cards, even with limited business credit history. First and foremost, when working with Bank of America, the strength of your business credit file is not the primary concern. You can potentially qualify for up to four car loans and two credit cards with just a single inquiry, regardless of your existing business credit. To position your application for the best outcomes, ensure you have the necessary documentation in order, such as your Articles of Incorporation, EIN, and a dedicated business phone number. While a virtual address may seem convenient, it's advisable to use a physical address to avoid potential disqualification. Additionally, your corporate email is more important than a Dun & Bradstreet number, as it demonstrates the professionalism of your business. If your current business credit score is below 720, aim to have at least four to five trade lines established, which you can jumpstart through providers like Nav and Fairfi. When it comes to the car loans, be mindful of the commercial insurance requirements. Failing to classify the vehicles as commercial may result in the lender calling the loan due to rapid depreciation, even if you're making timely payments. Overall, by strategically leveraging your personal and business resources, you can unlock valuable funding opportunities to grow your new venture. #BusinessCredit #AutoFinancing #CreditBuilding YouTube Source: https://lnkd.in/gp7XwS3z YouTube Channel: https://lnkd.in/g2p2ARHx Related Content: https://lnkd.in/gQsBP7Ac https://lnkd.in/gYX8P8fG https://lnkd.in/g3JZ3Bda https://lnkd.in/geuDQ5Zu https://lnkd.in/gdY4Rcj2

Hey there! I'm Jason, a dedicated loan officer specializing in SBA 504 loans with Statewide CDC. My goal is to forge impactful partnerships with commercial brokers. Together, we can unlock new opportunities and drive success in the world of commercial real estate. Let's connect and explore the possibilities! #StatewideCDC #SBA504Loans #BusinessExpansion #GreatPartnership #QuickTurnaround #SmallBusinessSupport #FinancialOpportunities #504 #FinancialSupport #CommercialRealEstate #Quickloans #SBA504experts #EfficientApprovalTimes #ExpertiseUnleashed #FastSBA504Loans #BusinessOpportunities #DreamBig #EntrepreneurLife #FinancialBoost #GrowAndThrive

What do you love most about being a loan officer?

"Calling all Commercial Real Estate Professionals." "Seeking Strong Partnerships in Commercial Real Estate! As a dedicated Loan Officer specializing in SBA 504 loans at Statewide CDC, I'm eager to collaborate with more commercial brokers. Together, we can achieve high-performance SBA lending solutions for our clients. Let's create success through partnership! Reach out to me to explore how we can work together. #StatewideCDC #SBA504Loans #BusinessExpansion #GreatPartnership #QuickTurnaround #FinancePartners #CommercialRealEstate #ThePowerOfPartnership #SmallBusinessSupport #FinancialOpportunities #504 #FinancialSupport #CommercialRealEstate #Quickloans #SBA504experts #EfficientApprovalTimes #ExpertiseUnleashed #FastSBA504Loans #BusinessOpportunities #DreamBig #EntrepreneurLife #FinancialBoost #GrowAndThrive

Let’s count. How many people does it take to get a business loan done? First, there’s me and there’s usually someone working with me on the file. We work to understand the client, see if they meet SBA eligibility, and figure out which bank is going to do the deal. Then there’s the loan officer at the bank plus the underwriter and the back office. Add on the third parties like appraisal and environmental plus attorneys and title insurance. Have you lost track yet? Borrower SBA Loan Group (at least 3 people) Loan Officer Underwriter Bank back office Appraiser Environmental inspector Attorney for the bank Attorney for the client Title insurance Home inspector Realtor Seller There’s one more. The client’s father or friend who’s telling him what he’s doing wrong… Disclosure: This list may be incomplete and each category usually represents more than one person or a team. You can easily have 35 people in a transaction in one deal regardless of whether it’s a deal for a million dollars or $250K. That’s why you want to work with an expert. #SBALoanGroup ← Follow for all the info you need on SBA loans. #Business #Financing

Loan officers - read your comp agreements!! Do you know what happens to your past clients and active loans if you leave your company? You will probably not stay with the same company for your entire career, so there needs to be a plan in place for when/if that happens. This is a direct snippet from our comp plan. What does yours say?

Come see me and our amazing team of experts on January 25th to discuss solutions for your business and personal finances!

Curious about the crucial role of a Loan Officer? Delve into our detailed article to learn more about what they do and how they assist borrowers in securing loans: #jobsearch #hotjob #hiringnow #careerchat

Houston McMiller - Credit Specialist As a credit specialist, I'm excited to share with you how you can leverage your new business to obtain up to four car loans and potentially two credit cards with just one credit inquiry. This can be achieved through strategic planning and understanding the requirements of Bank of America. One of the key factors to consider is the strength of your business credit file. Contrary to popular belief, you don't necessarily need multiple net 30 accounts to qualify. Instead, you can focus on building your credit profile through authorized users, utility payments, and other subscription-based services, as these are not typically factored into your credit score. When it comes to the application process, you'll need to have your Articles of Incorporation, EIN, business phone number, and a physical business address. While a virtual address may be tempting, it's important to understand the potential risks associated with recycled addresses. Another crucial aspect is your business website and email. Utilizing a professional, corporate-branded email is more important than having a Dun & Bradstreet number, as it demonstrates the legitimacy of your business. To further strengthen your application, it's recommended to have at least four to five trade lines on your Dun & Bradstreet file, which can be easily established through services like Nav and Fairfi. Lastly, it's crucial to understand the importance of commercial insurance and proper classification of your vehicles. Failing to do so could result in the lender calling the loan due to excessive mileage and depreciation. By following these strategies, you'll be well on your way to securing the car loans and credit cards your business needs to grow. #BusinessCredit #VehicleFinancing #CreditStrategies YouTube Source: https://lnkd.in/dkXUxrS7 YouTube Channel: https://lnkd.in/dKqsEhFN Related Content: https://lnkd.in/dkBHxHMQ