Hello I have a new construction company that does home remodeling and I was wondering if anyone has any advice on how to get any business loans or funding. I applied for a business credit card already but got denied because of my personal credit and could not get a regular business loan because I am a start up company and do not generate a lot of revenue yet. If you are someone who started a construction company from the ground up, how did you get to the level you are at now? I am trying to make this a successful company and will take any advice.
Partner up with a local RE investor who does flips or BRRR. They can get approved for the loan based off the real estate and pay you. That’ll give you some income while you grow your own credit and maybe a potential partner/co-signer
Im new to this could you explain to me what a BRRR is?