281-741-8766
marcwly@gmail.com
Apply Now
Secure Doc Upload
Obsidian Financial Services, Inc. Logo

Blog

Blog Image: What lenders want to know before you apply for a business

What lenders want to know before you apply for a business

1. Can you repay a loan? Lenders may not ask it exactly this way, but when they ask about your time in business, your annual revenues, your profits or your cash flow, they’re trying to determine if you have the means to make regular payments. This is why it’s so difficult for early-stage businesses that aren’t generating regular income or revenues to qualify for a loan. While a good business plan is important, lenders are more interested in whether or not your business has the cash flow to make the loan payments. No revenue or no cash flow usually means no loa...

November 11th, 2020 What lenders want to know before you apply for a business

Blog Image: Expenses Can Take Business Owners By Surprise At Years End

Expenses Can Take Business Owners By Surprise At Years End

Many of the loans taken out during the holiday season are taken out last minute because they were unexpected. There are many financial issues that can crop up during the holidays: Payroll and holiday bonus expenses. Many business owners enjoy giving gifts to their employees during the holidays, but this can take a financial toll, especially if the business hasn’t budgeted appropriately. End of year expenses. The end of the year can bring many contracts to bear, some of which may need to be paid out immediately and finalized. Reduced income. For companies outside o...

November 7th, 2020 | Year End Business Funding, Expenses Can Take Business Owners By Surprise At Years End