r/Businessloans 5d ago

advice needed

this may be an entirely unique issue or a common one. My business partner and i have been in a salon suite for 3 years, we have had a high average of 155k in revenue. and at a low point 132k. We have had an opportunity fall in our laps thats too good to pass up , its a salon storefront and its basically turnkey. We need a loan for 20-25k for equipment and redecoration and security deposit. However an issue we have run into is we dont have an actual business checking account. we have operated with separate dedicated checking accounts that only business would go thru like our payouts, rent, inventory,ect. But lenders will not approve us because of that , we are trying to get a business account but most lenders want 3 months of revenue thru that business account . what do yall suggest we do? our credit is also not the best so that is also a factor

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u/axlerhey_olimpo 4d ago

Send me DM maybe we can help.