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Getting business loan for one with bad credit is difficult but not impossible.
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Program execution needs to be expert in order to build credibility. You are not the only game in town banks across the country are making $100,000 + unsecured loans in less than 24 hours by using specialized decisioning models. Successful business lenders will need access to technology to do their job efficiently, and like mortgage lending, many compliance and member service functions will become automated. CU Financial clients are leaders in using both paper based and automated business loan decision models. In addition, CU Financial offers a cost effective solution for handling data generated by a business lending program. BLP Solutions software help you stay in regulatory compliance and eliminates the need to upgrade your core processing system. Track contacts, applicants, guarantors, vendors, collateral, and documents. Link to processing, closing and post closing documents from your computer screen. Reports helps you stay on top of the pipeline, closings, and document deficiencies. Whether your business is in the start up phase, is establishing itself in the market, or is an already established business with just a need of short term funding, you are sure to always need funds. Due to improper debt finance planning or just circumstances, many small business owners often go through a phase of bad credit.