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Business Impact NW provides access to capital for business owners at every stage of business development.
0 - 6 months in operation for start-up capital
Fewer than 2 years in operation for working capital
2 years+ in operation for growth management and debt restructuring
The 5 C's of Financing is how we at Business Impact NW make our investment decisions.
Each is important individually, but a lender looks at the overall risk to make a determination if you qualify for a loan.
Do you have a demonstrated desire to repay debts? Do you have the ability to do what you say you are going to achieve?
Do you have the ability to achieve performance in the business?
Do you have an adequate capital/equity injection to qualify? BIN requires you to contribute at least 20% of the requested financing amount into your business.
Is there sufficient collateral to fully secure the loan?
Does your business have the ability to generate adequate cash to repay the requested loan?
Our lending officers are here to help you get the capital you need to start, grow or expand your business. Did you know that 99% of our clients are business owners who that are ineligible for commercial loans? You can fill out an application online and get started on the path to financing today.
Need Help? Our business coaches can guide you through the lending process through the development of your business plan, marketing plan, cash flow projection and other financial projections. Once completed, they can also assist you in assembling and completing the required documentation to apply for your loan.
Once you submit your complete application to our lending team for review, our loan officers will conduct an analysis of your loan application. This process typically takes several weeks, and may require us to speak with you for clarification and/or revision before a final decision is made.
Once you've received approval on your loan, you are encouraged to keep in touch with your coach regarding any follow up questions or concerns, and to communicate the changing needs of your business over time.