Posted by Guidant Financial is a provider of small business financing, founded in 2003 and headquartered in Seattle, Washington. The company was started by CEO David Nilssen and COO Kevin Murphy, who worked in the commercial lending industry. Guidant was created to help business owners get the financing to start or grow their businesses.
Since its inception, Guidant has helped over 50,000 business owners get the financing they need. The company has provided over $2 billion in funding to small businesses across the United States.
In 2015, Guidant was named one of Seattle Business magazine’s best places to work. It was also ranked as one of the top 100 companies to work for by Inc. magazine.
Guidant Financial is dedicated to helping business owners succeed. The company offers a variety of financing products, including small business loans, lines of credit, and SBA loans. Guidant also provides services to help business owners with their financial planning and needs.
Guidant Financial is committed to helping business owners grow their businesses. The company offers resources and services to help business owners succeed. Guidant also provides financing products to help business owners get the funding to start or grow their businesses.
If you are a business owner in need of financing, consider Guidant Financial. The company has a proven track record of helping business owners get their funding. Guidant can help you get the financing to start or grow your business.
What is the kind of services offered by Guidant Financial?
Guidant Financial offers a variety of services to help business owners succeed. The company provides resources and services to help business owners with their financial planning and needs. Guidant also provides financing products to help business owners get the funding to start or grow their businesses. Some of the services offered by Guidant Financial include:
-Small business loans
-Lines of credit
-SBA loans
-Financial planning resources
-Business growth resources
Some of the benefits of using Guidant Financial include:
-The company has a proven track record of helping business owners get the funding they need.
-Guidant offers a variety of financing products to help business owners start or grow their businesses.
-The company provides resources and services to help business owners with their financial planning and needs.
-Guidant commits to helping business owners succeed.
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Charges
- Guidant Financial charges an origination fee of 2% – 6%, depending on the loan amount.
- They also charge a monthly servicing fee of $15 – $35. The total cost of the loan will depend on the interest rate, loan amount, and term length.
However, it offers competitive rates and terms, but the loan process can take several weeks, and not all businesses will qualify for a loan. Here are some frequently asked questions about Guidant Financial:
1. Who does Guidant Financial use for an IRA custodian?
What is an IRA custodian? An IRA custodian is a financial institution that holds your IRA account and manages its investments. The custodian may also provide other services, such as tax reporting and recordkeeping.
Guidant Financial uses Fidelity Investments or Charles Schwab as an ira custodian. Fidelity Investments is a leading provider of retirement services. They have been in business for over 70 years and offer a wide range of investment options. Charles Schwab is a leading provider of financial services. They have been in business for over 40 years and provide a wide range of investment options.
2. What is Guidant Financial Better Business Bureau rating?
Guidant Financial has an A+ rating with the Better Business Bureau. They have been in business for over 10 years and have a solid reputation. They offer various financing options and have a simple online application process.
3. What is the requirement needed for the line of credit from Guidant Financial?
To qualify for a line of credit from Guidant Financial, business owners must have a credit score of 600 or higher. Business owners must also have been in business for at least one year. Applicants must provide financial statements, tax returns, and other documentation to prove their business’ financial health.
4. What is the interest rate for the line of credit from Guidant Financial?
The interest rate for a line of credit from Guidant Financial ranges from 7% to 25%. The actual interest rate depends on the business’s financial health, the creditworthiness of the business owner, and other factors.
5. Is there collateral needed for the line of credit from Guidant Financial?
No collateral is needed for a line of credit from Guidant Financial. The line of credit is unsecured, which means that business owners do not have to put up any personal or business assets as collateral. This makes the line of credit easier to qualify for than a secured loan.
6. What is the repayment period for the line of credit from Guidant Financial?
The repayment period for a line of credit from Guidant Financial is flexible. Business owners can make payments as needed, and there is no set repayment schedule. This makes the line of credit more accessible to repay than a traditional loan.
| Pros of Guidant Financial | Cons of Guidant Financial |
| Offers a variety of financing options | The loan process can take several weeks |
| Has a vast network of lenders | You may need to provide collateral for the loan |
| The application process is straightforward | Not all businesses will qualify for a loan |
| Offers competitive rates and terms | |
| Reputable and trustworthy company |
Business Funding For Dummies.
What is a startup business loan?
A startup business loan is a type of financing specifically designed for businesses in the early stages of development. Startup business loans can be used for a variety of purposes, including:
- To help with the costs of starting a business
- To help with the costs of growing a business
- To help with the costs of expanding a business.
Startup business loans are typically short-term loans, with terms that range from six months to two years. The repayment schedule for a startup business loan is usually structured around the business’s cash flow.
If you are thinking about starting a business or in the early stages of developing a business, a startup business loan could be a good option for you. Guidant Financial can help you get the financing to start or grow your business.
How to get a startup business loan
There are a few steps you’ll need to take to get a startup business loan:
Research your options. There are many different types of loans available, so it’s essential to research your options and find the best loan for your needs.
Plan your business. Before you apply for a loan, you’ll need a business plan. Your business plan should include information on your business model, your financial projections, and your goals for the business.
Find a lender. Once you’ve decided on the type of loan you need, you’ll need to find a lender that offers loans for startups. There are many different lenders, so it’s essential to shop around and compare your options.
Apply for the loan. Once you’ve found a lender, you’ll need to fill out a loan application. Be sure to include all required information, such as your business plan and financial projections.
Await approval. Once you’ve submitted your loan application, you’ll need to wait for the lender to review it and decide. If you are approved for the loan, you’ll typically receive the funds within a few days.
What is an SBA loan?
An SBA loan is a type of loan that is guaranteed by the Small Business Administration (SBA). They are loans designed to help small businesses get the financing to start or grow their businesses.
SBA loans are available from various lenders, including banks, credit unions, and online lenders. The terms of an SBA loan are typically very favorable for borrowers and can be used for a variety of purposes
How to apply and get an SBA loan from Guidant Financial
The first step is to fill out an online application form which you can access here. The form will ask for some personal information and information about your business. After you submit the form, a Guidant Financial representative will contact you to discuss your financing options.
To apply for an SBA loan from Guidant Financial, you’ll need to have the following information:
-Your business plan
-Your financial projections
-Your goals for the business
-Your personal information
Tips on how to successfully get an SBA loan from Guidant Financial
There are a few things you can do to increase your chances of getting an SBA loan from Guidant Financial:
- Have a strong business plan. Your business plan should be well-researched and clearly outline your business model and financial projections.
- Have realistic financial projections. Your financial projections should be realistic and achievable.
- Be prepared to answer questions about your business. The loan application process will include an interview, so be ready to answer questions about your business.
- Follow up after the interview. After the interview, be sure to follow up with a thank-you note or email. This will show that you are serious about your business and the loan process.
- Be patient. The loan process can take several weeks, so it’s essential to be patient and wait for a decision from the lender.
The Complete Guide to Getting Financial Help Through the Small Business Administration.
What is the repayment period for SBA loan from Guidant Financial?
The repayment period for an SBA loan from Guidant Financial is typically ten years. However, the loan terms may be negotiable depending on the specific loan.
A line of credit from Guidant Financial is a revolving line of credit that business owners can use for various purposes. Business owners can use the line of credit to finance equipment, inventory, or other business expenses. The line of credit has a flexible repayment schedule, and business owners can make payments as needed. Guidant Financial offers lines of credit up to $250,000.
What is ROBS from Guidant Financial, and how does it work?
ROBS stands for Rollover for Business Startups. It is a way to use your retirement savings to fund your business without paying taxes or penalties. With ROBS, you can rollover funds from your 401(k), IRA, or another retirement account into a new business venture.
To qualify for ROBS, you must:
- Have a retirement account with funds available to rollover
- Be starting a new business venture
- Use the funds to purchase stock or ownership in the new business venture
Once you’ve met these qualifications, you can then roll over the funds from your retirement account into your new business venture. The Rollover for Business Startups program is a way to use your retirement savings to fund your business without having to pay taxes or penalties.
What are the eligibility requirements for ROBS?
To be eligible for ROBS, you must:
- Have a retirement account with funds available to rollover
- Be starting a new business venture
- Use the funds to purchase stock or ownership in the new business venture
If you meet these requirements, you can then roll over the funds from your retirement account into your new business venture. This can be a great way to fund your business without paying taxes or penalties on the money.
What are the benefits of ROBS?
There are a few benefits of using ROBS to fund your business:
- You can use your retirement savings to fund your business without paying taxes or penalties.
- ROBS can be used to fund 100% of your business venture.
- There is no minimum investment amount required.
What are the risks of ROBS?
There are a few risks to consider before using ROBS to fund your business:
- You could lose your retirement savings if your business venture fails.
- Your retirement account could be subject to taxes and penalties if the IRS determines that you’ve misused ROBS.
- You may have difficulty finding a lender willing to work with you if you’re using ROBS to fund your business.
Before you decide to use ROBS to fund your business, carefully weigh the pros and cons. This can be a great way to support your business, but risks are involved. Be sure to speak with a financial advisor to see if ROBS is right for you.
Guidant Financial is a reputable and trustworthy company that offers competitive rates and terms. They have a simple online application process and provide loans for up to $350,000. However, the loan process can take several weeks, and you may need to provide collateral for the loan. Not all businesses will qualify for a loan.
Alternatives to Guidant Financial
If you’re not sure if Guidant Financial is the right lender for you, there are a few other options to consider:
| SmartBiz | Funding Circle (peer-to-peer) | National Funding |
| Offers SBA loans of up to $350,000. | Offers loans of up to $500,000. | Offers loans of up to $500,000. |
| They have a simple online application process. | They have a quick and easy online application process. | They have a quick and easy online application process. |
| They offer competitive rates and terms. | They offer competitive rates and terms. | They offer competitive rates and terms. |
Finally,
Guidant Financial is best known for its ROBS plans, which, while niche, can be a good option for entrepreneurs who need funding to get a new business off the ground. They also provides an easier way to get an SBA loan to finance your franchise or independently-owned small business.
Terms and fees are fair and clearly stated on Guidant’s website. However, caveats include longer funding times than other online SMB lenders and somewhat iffy customer service. More mature businesses with good or excellent credit may be interested in the convenience offered by Guidant, although if you qualify, you probably also qualify for a traditional bank loan.
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