Buy and flip loans ! Company loans & guarantors ...

[Alex Scaffold]

Hey all,
is there a customary age a company must be to get a loan? What are customary guidlines for guarantor ? under what conditions is a guarantor not needed?

[Scott D Burrows]

@Alex Scaffold

Not that I have heard. In general, even at a very basic level, experience will help put a lenders mind at ease. However, this doesn't mean that you can't get a business loan. 

For example, a lender can't see the risks that you will take with the money, if you have no history of using loans for investing. In other words, they can't calculate the risk they are taking, so more than likely you will get a higher interest loan or some type of recourse loan that will strongly favor the bank if you were to falter on the payments. 

Have a great plan, good vision, be able to communicate it to a lender and you should be good to go. Might just take some leg work, but I have zero doubt that you can get a loan, if you have done your homework, know your numbers VERY well and call EVERY bank in your local area (preferably smaller banks-less than 10 locations). 

Try making a call to RCD Capital and asking for Jonathan Surak. He is very knowledgeable and should be able to give you an idea of what you'd qualify for. I have worked with him before and recommend.

Sincerely,

Scott