BLA Gaming

BLA Gaming As expected, the Chase Ink Business Premier* comes with differences in almost every aspect of the card.

From the earning structure to the redemption options to the benefits available

10. Submit Your ApplicationOnce you find a business loan you believe to be a good fit, it’s time to submit your applicat...
23/02/2022

10. Submit Your Application
Once you find a business loan you believe to be a good fit, it’s time to submit your application online or in person. Be sure to provide any required documents to the lender right away so you don’t slow down the process.

Some lenders may let you know immediately if you qualify to refinance your business loan. Others may have a lengthier application process, which may take a few hours or days to find out your results. With U.S Small Business Administration (SBA) loans—government-backed loan programs that often feature attractive interest rates—it can take several months to find out if you qualify after you submit your application.

9.Research and Compare LendersFinding the right lender is critical when you’re trying to secure better loan terms with a...
23/02/2022

9.Research and Compare Lenders
Finding the right lender is critical when you’re trying to secure better loan terms with a refinance. As you’re comparing different lenders, there are several factors you should consider, including:

Interest rates
Additional fees
Collateral
Personal guarantee
Available loan amounts
Repayment terms
Lender reputation
Keep in mind that the best lender might be the one you’re working with already. Some lenders are willing to refinance loans for their existing customers. Unless you dislike the customer service experience your current lender offers, it doesn’t hurt to ask your lender if refinancing your loan is an option.

You may also want to look for lenders that will allow you to see if you prequalify for financing. When you prequalify, a lender typically runs a soft credit check, which has no impact on your credit scores, and shows you what you may qualify for when you submit a formal application.

8. Gather Required DocumentsWhen you apply to refinance your business loan, the lender will review certain documents to ...
23/02/2022

8. Gather Required Documents
When you apply to refinance your business loan, the lender will review certain documents to determine whether you qualify. This helps the lender understand your level of credit risk and w**d out any fraudulent applications. Financial reports can also establish how much your business can afford to repay, and how much the lender may be comfortable lending.

A lender will likely ask for some or all of these items:

Bank statements
Personal and business tax returns
Business licenses and permits
Employee Identification Number (EIN)
Proof of collateral
Balance sheet
Copy of your commercial lease
Disclosure of other debt
Accounts payable and accounts receivable aging
Ownership and affiliations
Legal contracts and agreements
Your driver’s license
Business insurance plans
Payroll records
Incorporation documents
Business plan

7.Check Your EligibilityIt’s wise to understand whether you’re eligible for financing before you apply for a new loan. S...
23/02/2022

7.Check Your Eligibility
It’s wise to understand whether you’re eligible for financing before you apply for a new loan. Some lenders will list certain business loan requirements that you need to satisfy in order to qualify for financing in areas such as:

Business and personal credit scores
Time in business
Debt-to-income (DTI) ratio
Debt-service coverage ratio (DSCR)
Annual business revenue and profit
With credit requirements, you may want to review your business credit and personal credit details before you start filling out new loan applications. It’s not impossible to get a business loan with bad credit, but if your goal is to refinance to secure better loan terms, bad credit could be an obstacle.

Be on the lookout for any other red flags that might cause problems on a new business loan application as well. If you discover any potential issues, see if you can resolve or at least improve them before seeking a loan refinance.

6.Determine How Much You Owe and Other Key DetailsBefore you can get a new business loan to pay off existing debt, you n...
23/02/2022

6.Determine How Much You Owe and Other Key Details
Before you can get a new business loan to pay off existing debt, you need to gather some important information. The details you should look for include:

Your outstanding loan balance
The number of remaining payments you owe
The date you are scheduled to make your final loan payment
Your current interest rate (and whether it’s fixed or variable)
Your monthly loan statement may contain the answers you need. However, you can also call your current lender to request the information.

Gathering these details upfront will prepare you as you shop around for new loan options. Refinancing typically only makes sense if you can either save money on interest or reduce your monthly payments by extending your loan term when you need to free up cash flow.

5.Binge watch and boost your credit scoresIf you’re diligent about paying the bills for your favorite cable TV and strea...
21/02/2022

5.Binge watch and boost your credit scores
If you’re diligent about paying the bills for your favorite cable TV and streaming services—so you never miss out on any great binge-watching opportunities—that effort needn’t go to waste when Experian calculates your FICO® Score.

4.Count More Payments in Your Credit HistoryWith Experian BoostTM, you can add payments to your credit report that would...
21/02/2022

4.Count More Payments in Your Credit History
With Experian BoostTM, you can add payments to your credit report that would otherwise be excluded. Even better, Experian only considers your on-time payments to these additional accounts in determining your FICO® Score. When you sign up for Experian Boost, you allow Experian to access your bank account information to identify eligible payments. You’re then asked to verify the information and confirm that you want it added to your credit report. At the end of the process—which takes about five minutes according to Experian—you see your updated credit scores on the screen. If you qualify for an increase, you get it immediately.

3.Bottom LineCan you get more than $195 in value out of the Chase Ink Business Premier*? Yes, you certainly can—especial...
21/02/2022

3.Bottom Line
Can you get more than $195 in value out of the Chase Ink Business Premier*? Yes, you certainly can—especially in the first year. Many would say that this fact alone makes the card worth the annual fee. But is it the best card for your business to keep long term? The answer to that is a bit more complicated.

You need to look at your spending patterns and see how much you can earn compared to other available business cards to determine if the card is right for you. Since the other benefits of the card can be found on a variety of other cards, this comes down to whether you can steadily earn more points and whether you are happy to earn cash back or not.

For businesses with higher spend that would exceed the limits on the category multipliers of other cards, and those that spend a lot on purchases of over $5,000 each and travel, this card is a no brainer. It puts more cash back in your pocket long after other cards would hit their limits.

For smaller businesses that may be able to earn more with the increased category multipliers on other cards, or for those that want to transfer to airlines and hotels in order to maximize their rewards value, the lower annual fee and better redemption options of some other cards may be a better fit.

Address

Kyiv

Website

Alerts

Be the first to know and let us send you an email when BLA Gaming posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category