Entrepreneurs and Co : Internet, European and International Business Development Consultant for Entrepreneurs and Small Businesses - http://www.entrepreneurs-and-co.com
How to Qualify for a Loan during the Financial Crisis ?
http://www.entrepreneurs-and-co.com/articles/202/1/How-to-Qualify-for-a-Loan-during-the-Financial-Crisis-/Page1.html
Didier Delmer

"Who are we ?"

Company Profile :

Entrepreneurs and CO Ltd

145-157 St John Street - London EC1V 4PY

Chartered Accountants & Business Advisers, at Entrepreneurs & Co (ENC), we appreciate the value of working together as a team.

Because the flow of ideas is encouraged at ENC and everyone feels free to express their opinion with regard to work related matters it has by the very nature of being, created a dynamic work environment. As a team we all recognise our responsibility in making Entrepreneurs and Co what it is.

The reputation of the whole firm is in the hands of each individual and we are proud of being part of such a strong team. Together we encourage and motivate each other in a dynamic environment so that as a team we can provide innovative and profitable solutions for individuals and businesses.


Services

Every client is unique and deserves a unique service. Our philosophy is to put our clients first - to understand their situation and provide a first class service tailored to their specific needs.

Because we establish a one-to-one relationship with each client we are able to offer timely, individual advice on how to improve your business or personal finances.

As leading edge accountants we have developed the traditional bookkeeping, auditing, and accounting services into innovative client-focused services that provide not only all the reliable background support you would expect from a professional firm but also forward-thinking advice on how to improve your situation.

We have also developed a new range of accounting services to meet the needs of modern businesses, including a comprehensive business advisory service. Whether you need help with growing your business or advice on optimising your personal or family finances, we are here to help you get the best results.

 
By Didier Delmer
Published on 2/10/2008
 
Qualifying for a business loan is not as easy as it was even one year ago. The recent slowdown in our global economy has forced banks to re-examine their lending practices. So make sure that you have everything in order so you have the best chance to be approved…
Getting a Business Loan in 2008 in Europe or in the USA !
One of the first things that you need to look at before going to a lending institution is whether or not you have a good business plan together. This will show the bank where your business is currently and where you hope it will go once you have been approved for a loan.

The next step is to look at your company's financials. Clear as many debts as you possibly can. If you use a credit card start paying it off monthly or if you have a vehicle loan, you might want to consider paying it off. This will help your income to your debt ratio and make your business a more attractive prospect.

Then you should look at all the officer's credit reports. Every officer of the company will have a credit history run on them because they will be personally guaranteeing the loan. So make sure that the person’s income to debt ratio is good and clean up any bad marks against your credit.

It would be wise to start with a lending institution you already have a relationship with: a community or local bank. If your company is turned down don't take it personally but consider other options, such as the private market, financial banks in Europe and USA or an SBA / Euro loan, through the numerous administration bodies in the 27 EU countries.