No Personal Guarantee Loans

Obtaining a business loan can be tricky – just getting your bank manager to sit down and hear you out is an achievement in itself. Even after pitching their plans to a bank manager many business owners are still turned down for the capital they need, if you're one of these people, the frustration is finally over. Here at YellowStone Capital we provide no personal guarantee capital for most businesses.

We Provide Capital With No Personal Guarantee

There are lots of hoops through which you must jump if you want to gain a loan as a business owner. If you don't jump through these hoops the lender will refuse you the finance that you need, which could have huge implications for your business. Here are just a few of the common stipulations that lenders insist upon:

  • Collateral: if you're trying to borrow any sum of money lenders will ask for collateral – whether it's your personal property, or assets that belong to your business. If you don't have assets of any value, your application is dead in the water.

  • Tax returns: often lenders want to see at least 2 years of tax returns. If your business isn't that old, or your records aren't quite as good as they should be, your application for a loan again doesn't stand a chance.

  • A business plan: many lenders insist that you hand in a strict business plan which outlines why you need their capital, what you're going to do with it, and what your long term vision for your business is.

  • A good credit history: if you have a poor track record of settling up debts your credit history will reflect this. If your credit history is poor, you've got a very slim chance of getting the loan you desire.

We Provide Capital With No Personal Guarantee

As you can see, it's not just a personal guarantee that a traditional lender such as a bank may ask for – they'll have you jumping through all kinds of other hoops, too. Remember that loan applications with banks tend to take a good few weeks to be considered, this is precious time your business may not have if your accounts are already in the red. At YellowStone you'll rarely wait more than 24 hours for an answer to your finance application.

When it comes to repaying your cash advance we know that fixed monthly payments can be very challenging for businesses to accommodate – especially if your business is in a seasonal market. For that reason the repayments that you make will be based directly on the sales that you make that month. So if sales are up you'll pay a larger repayment, but if sales are down, you'll pay less. Repayments are calculated by a percentage of your sales – which offers great flexibility.

Get in touch with us here at YellowStone Capital today. A business cash advance may well suit you better than a no personal guarantee loan.

We are your source for creative financing. Visit our official blog for updates too.