Bridgeway Capital wants to make sure that you and your business are ready to borrow money.
Can you answer the following questions?
- Do you have a written business plan?
- Have you attended any business classes or workshops on how to run a business?
- Does your business earn enough money to pay its expenses, pay you with enough left to repay a loan? Do you have a written cash flow to verify your ability to repay?
- Do you know exactly how you will spend every dollar of your loan request? This is called a Sources and Uses statement.
- Do you keep financial records for your business? Do you review and understand your statement of income and expenses each month? Need help with accounting? Try outsourcing
- A good credit history is a key part of being able to borrow money for a business. Have you borrowed and repaid loans in the past? Paid your bills and credit cards when they were due?
- Paying us on time is important.
Do you have a backup plan to pay us if your sales dropped or you did not make enough income to pay us?
Need a loan for $35,000 or less? If you are over 21 years of age, reside in the state of Pennsylvania, and your business is located in Pennsylvania, please fill out the Online Loan Application.
For loans over $35,000, please print a Loan Application and return by fax (412.201.2451) or mail to Bridgeway Capital. |