Financing Your Own Business




We have a Loan Processing Manager on staff offering assistance to clients requiring financing. Should you need financing, we will evaluate your financial profile and assist you with the loan process, discussing various qualified lending sources. This greatly increases the chance of securing a low interest loan and this critical component of assistance is offered to you at no cost.

 


Generally, if a client can provide a down payment, or has sufficient equity in a house, their local bank can generate the loan. If a business plan is required, we are happy to assist in its creation.


In other cases, the Discount Party Store Developers, Inc., can help you secure financing through a network of lenders, some of which are SBA approved lenders. We can get our clients pre-qualified for an SBA loan in as little as 48 hours. SBA funding is a great way to obtain the financing you need to have your Discount Party Store up and running rapidly; however, the process takes longer than receiving a conventional loan and is a little more expensive because the interest rate can be higher. Besides the myriad of SBA lenders, there are mainstream lenders who are more receptive to our packages because of our experience and the construction of the loan packages we build. We facilitate the financing for you ensuring the smoothest process and shortest completion time.


A proper business plan is essential to enhancing our clients’ chances of loan approval. We consult with you and construct a business plan including:


• Projections

• Demographics

• Competitive Analysis

• Resume
• Letter of Recommendation


We strategize how to offset any credit file deficiencies and “paint the picture” as the lender wants to see it. Keep in mind; we have been down this path a great number of times.


Our consultative approach guides you through the entire loan process to improve your chance for success. If you have any questions, contact our Store Development Sales Department.


We are happy to oversee the entire loan process; including bundling, prepare the business plan, and submit the loan through our office for a nominal charge of $300; which is about 20% of what an outside loan broker charges.