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Ben Analyst

How to start a landscaping business With no money : financing Options for startups

27 Jan 2022

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Term Loan: https://getfundedprogram.com/ Equipment financing: https://kiploans.com/loan-application... Line Of credit: https://24hrfastfunding.com/line-of-c... Credit Repair: https://getfundedprogram.com/services... #Financing_Options_For_Startups #startup_loans #business_loans Sign up For Business Analyst Tutorial at : http://sfbatraining.com/ The landscaping business is one of the fastest growing industries out there. The average annual revenue of a landscape company is approximately $542,653, which is an increase of about $100,000 over the prior year – a higher-than-normal leap. The highest earner in the industry offers a variety of services such as landscape maintenance, lawn care (including chemical application), landscape design and construction, tree-planting, and irrigation services to both residential and commercial properties. A landscaping business requires a fairly substantial investment in landscaping tools and gear to get started. Fortunately, the money you spend today returns dividends down the line. When you invest in high quality equipment, you can deliver outstanding service your customers will love.  Some the equipment required to start a landscaping business include a Lawn Mower, a Grass Trimmer, a Leaf Blower and more… In this video I will give you 3 options you can use to finance your landscaping business if you do not have the required startup capital.   The good news is that none of these options require you to write a business plan and you can apply for all 3 options simultaneously to get the max loan amount.  Before you consider applying for any type of loan as a startup, you need to make sure that you have a good credit score. The credit score is the main criteria for any startup looking to apply for a loan unless you are willing to use the equity on your home as collateral to get a loan. You need to have at least 680+ credit score.   I placed the link in the description below of a company that can help you boost your score to 700 if you do not meet the credit score requirement.   The number 1 option is the Term Loan.  With this option you don’t even need to have a business to apply.  The main requirement is your credit score and your income. You need to have a minimum of 680 credit score. And you need to provide a proof of income. Documents that can be used as proof of income include: your W2s, your tax returns or your pay stubs. You can qualify for up to $300,000 This option also allows you to use a co-signer in case you do not have a good score. A co-signer is a friend or relative with 680+ score that is willing to co-sign your application.   I place a link in the description below for people looking to apply for the Term Loan. The second loan option will be the Business Line of credit:  This option is good for people that do not have any proof of income. You are required to have a registered business when applying for the business line of credit. You are also required to have a good credit score. At least 680+ You can qualify for up to $150K business line of credit. I place a link in the description below for people looking to apply for a business line of credit. Another option is to apply for Equipment financing.  Equipment financing loans are among the top loan program for people looking to buy new or used equipment for their business. In fact, this type of loan come with borrower-friendly repayment terms in most situations. These loans do not require external collateral, as the equipment itself serves this purpose. This means that the bank can repossess your equipment if you stop making payments on the loan—because of this, these types of loans are typically easier to obtain because there’s a safety net of sorts for the lender. 

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