Page 27 - Beverage Master_DecJan2022

Craft Brewery
Brewery & Distillery

ing these items ahead of time makes the process usage, energy consumption, etc. is sustainable?
much easier and less stressful. The Loan Mantra Does the brand resonate with the community and
portal allows you to upload and securely store your do you know the future goals for sustainability in
financial documents so you’re prepared to apply for the areas where the business is located? This can
funding as you prefer. make a direct impact both now and in the future.

Maintain credit worthiness: Pay your bills on Keep records safe: Providing and producing docu-
time, have the best credit possible, and know your ments for the loan process can be time consuming
credit score. Avoid foreclosures, bankruptcies, and and frustrating for both borrower and lender alike.
late payments. While different lenders have differ- Working with companies that have an online portal
ent credit requirements, good credit is important to streamline this process to keep this information
regardless of the loan you’re pursuing. Lenders safe and secure for use anytime can save time,
often require a credit report that can mildly headaches and money. Fortunately, Loan Mantra
impact your credit, knocking a few points off your offers this service that is free to all business own-
credit score each time you pull the information. ers. Simply upload your documents to a secure
Therefore, applying for too many loans simultane- portal at loanmantra.com. You don’t even have to
ously may undermine your credit score, so start by be a client or customer to use the service.
applying for a loan that you have the best chance
for securing. Loan Mantra’s financial technology, About the Author
BLUE (borrower lender underwriting environment),
uses decision-tree logic, meaning it can help you Neeraj (Raj) Tulshan
determine the best loan product for your needs. is the Founder and
Also, Loan Mantra experts can help you determine Managing Member
the most prudent options for financing--from a con- of Loan Mantra, a
ventional loan to MCA--based on your borrowing financial advisory firm
needs. with best-in-class and
proprietary fintech,
Be prepared: Now is not the time to scale back BLUE (“Borrower
marketing efforts or forget to update the web- Lender Underwriting
site. Market your craft brew, register a website Environment”). Loan
domain address and update your online profiles. Mantra, Powered by
Get a professional logo. Be active on social media BLUE, is next-level
and online. Stake your claim in the industry and finance: a one-stop-
make the craft beer name stand out. Register with shop for business bor-
search engines and on multiple platforms so that rowers to secure traditional, SBA or MCA financing
banks and other lending institutions can find and from trusted lenders in a secure, collaborative and
get a feel for the company. transparent platform.

Sustain and remain: What part of the brewery: After graduating from Ithaca College in Finance,
growing, product, mechanism, process, water Tulshan began his banking career at Merrill Lynch in

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