SQKIKI FOREVER BLOG

My company are working hard on apply some Business Loans recently. We have been rejected from a bank which is addicted that our financial report has not meet minimum their requirement. I wonder what kind of requirement they have. Our turnover is good although not yet reach their target of $1,000,000.00. We have scored more then $900,000.00 in a year, is that bad too? I don’t think so. Application for bank loan without property guarantee is the meant point, I think.

Our cash flow is tired, that’s why we need more cash to come in. That’s doesn’t mean we making loss in business. I think now ARF is the only source we going to apply the loans. They only need to fill up credit application form, recent month’s bank statement and Director’s 3 months credit card statements. Will it sound too easy? Anyway, that is the best thing that traditional bank will not able to offers. I think my worry of cash flow will be solving by applying their small business loans.

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