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Philadelphia, PA - Carpenter Financial Services, a business loan brokerage firm, is announcing the availability of startup financing for clients throughout the US. Applicants can receive up to $200,000 in startup loans if qualified within 7-14 business days.

Among the requirements are a credit score of 680+ and the most recent tax return as well as $50K in annual income. Once documentation is received it only takes about 24 hours to see how much you're approved for.

According to Sondra Carpenter, Principal and Business Loan Consultant with Carpenter Financial Services, "The company's objective is to help people to get the financing they need to assist with achieving their business goals. Not just for startups but also working capital for seasoned business owners. We help with providing alternatives when the bank says no."

Since 2008 banking institutions have seen small businesses as more of a high risk when it comes to lending. Even though a business may be in operation for several years their bank may not see them as a viable candidate for a loan. Ms. Carpenter states "I have clients tell me that too many inquiries or the fact they have outstanding loans were reasons their banks refused to approve their loan requests. This is despite their favorable credit scores of 680 and although they have been in business for over 5 years."

Startup financing is usually the toughest to get. The funder is taking a risk since they don't know much about the applicant. Ms. Carpenter adds since this a new business with no existing revenue stream, the lender is unable to verify income. The credit score and report is one of the biggest factors used to determine approval as well as how much you will receive in funding.

Carpenter Financial Services, located in Philadelphia, PA, partners with several private lending firms to help arrange business funding quickly. In addition, the company works frequently with business bankers to assist clients that have had their funding requests denied.

The company has worked with a couple of other lenders that have been very strict on startup funding applications but has partnered with a new one that they feel will work better for their clients. Ms. Carpenter mentions, "After a long conversation with the current startup funding lender we feel they will be able to help our client base. Although we can't make any guarantees and each client must qualify according to their guidelines, we feel they will also be flexible. For instance, even if you don't get approved for the $100K loan you originally requested, you may able to get $50K.

Each of the lenders the company works with is chosen by the founder. It has to do with demand from potential clients. If lots of people ask about a particular service, like for instance startup financing, then it's something that they'll look into being able to provide.

There are some things you can do to help your chances of getting as much funding as possible. Try to pay attention to what's going on with your credit report. You don't want a lot of derogatory items on it like late payments, too many inquiries, or over 30% credit card debt. If you can pay down on items, do it now. Your credit report doesn't have to be perfect, but you want to make a good impression on the lenders.

It's important to know that even if you've been turned down by the bank for startup funding or a business loan there are other options available.

Interested individuals can contact Carpenter Financial Services to receive a free consultation at www.talktocfs.com, or you can reach Sondra Carpenter at scbusinessloans@gmail.com, 215-792-4175, as well as visit our main website:  www.UnsecuredBusinessLoansFast.com


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