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Westar Lending Group
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CREDIT GUIDELINES, INCOME GUIDELINES, PROPERTY GUIDELINES
CREDIT GUIDELINES, INCOME GUIDELINES, PROPERTY GUIDELINES

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Check out our new blog! - Westar Lending Group
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The Best Accounting Software, What does your accounting solution look like? If it involves spreadsheets and handwritten anything, it's time for a change. From billing clients to paying employees, tracking expenses, creating financial reports and even helping out with taxes, accounting software offers everything small businesses need to keep an eye on the bottom line — without the hassle and headaches of manually managing your books. http://www.businessnewsdaily.com/2530-accounting-software.html
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Tax season is a stressful time for everyone, but for business owners, the pressure can be especially high. From January to April, it's a whirlwind of sorting receipts and pay stubs, reviewing ledgers and completing IRS forms to ensure that everything is properly prepared and filed. Even though most businesses use an accountant, digging up all the necessary documentation and information needed for tax filing can still be a hassle.

http://www.businessnewsdaily.com/5871-small-business-tax-filing-changes.html
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The best way to obtain a loan for my business is through a bank. Myth??

Think your bank is the best (or only) place to apply for a loan? Think again. Traditional lending institutions have been a mainstay of small business funding for many decades, and still are, in some industries. But they are not the only places (or necessarily the best places) to turn to for a loan. 

For business owners looking to borrow a relatively small sum (between $5,000 and $250,000), getting a bank loan is likely to be more trouble than it's worth, said Kevitch, president of Varsity Business Solutions. But even he concedes that bank loans may still be a great option for business owners who need to borrow a significant chunk of cash, over a long period, and still get a low interest rate. But he warns business owners to make sure they fall under those categories before applying through a bank.

"You will be required to provide a lot of unnecessary documentation and most likely provide some sort of collateral," said Kevitch. "Alternative private banks and lenders can provide capital with much less hassle." 

Kevitch also notes that getting a loan through an alternative lending source is usually much quicker than obtaining a bank loan. With a simple application, some bank statements, a photo ID and proof of ownership, business owners can have cash in hand in as little as seven days, he said. 
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Small Business Loan Myths ... Busted

Myth : You have to have perfect credit to get a small business loan.

Good news for those who think that bad personal credit means never owning or expanding a business. While low credit scores might have been a non-starter in years past, today's lending environment is actually more open to subpar credit ratings than ever before. 

"While traditional banks may be restrictive when it comes to obtaining credit, there are alternative options," said Michael Kevitch, the president of Varsity Business Solutions, a business-funding consulting group, in an email interview with Business News Daily.

Alternative lending sites like those operated by Varsity Business Solutions (All Business Loans and Small Business Funding) tend to base lending decisions on the financial realities of a business rather than the financial history of business owners. Specifically, Kevitch said, alternative lenders take a close look at business performance, industry type, time in business and cash flow  before handing out a loan.
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Small Business Loan Myths ... Busted

Getting a small business loan can be complicated, but don't believe everything you hear about the process. Here are seven small business loan myths you should think twice about: 

Myth No. 1: Getting a small business loan is the hardest thing you'll ever have to do.

While obtaining a loan for your small business is no easy feat, it doesn't have to be an insurmountable trial. Small business lending experts agree that you can best avoid such trouble by preparing for the challenges that applying for a small business loan may present.

"While there are challenges, a lot of the frustration around obtaining small business financing can be eased by doing your due diligence," said Michael Adam, the founder and CEO of Bankmybiz, a social media-style site that connects business owners with business funders, in an email interview with Business News Daily. "Be prepared and have all your documents ready to present to lenders."
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Loan Approvals

Strange but true, many of the home loan applications do not pass even the first test. They are out rightly rejected due to incompatibility between the borrower's qualifications and lenders requirements. It could be the age criteria, income criteria, proper documents not being submitted, the bank not being able to verify your details properly, not passing the field investigations conducted by the bank and many more. The best way to avoid being rejected in this way is to check the eligibility requirements of lending banks carefully and apply only to that bank which matches your profile. Keeping proper documents ready and providing accurate, verifiable details to the banks will ensure that you sail through the preliminary verification process.


We don't care about bad credit or limited income; we base the mortgage loans we make to our borrowers on the equity they have in their properties.

Contact info
Phone  - (888) 797-7970
Email -   info@westarlending.comVerify
Fax     -  (818) 345-4181
Address  -  Westar Financial Group, Inc. 19100 Ventura Blvd. Suite 9 Tarzana, California 91356
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