Micro Business Loans
Looking for a small loan for your business?
Tired of dealing with traditional lenders that ask for collateral, tax returns, balance sheets and pretty much everything under the sun?
While micro business loans have become a viable alternative for small business owners there’s a new type of micro loan credit card that lenders have been introducing into the marketplace.
You may be familiar with a secured credit card that helps rebuild your personal credit but now lenders are offering a credit card exclusively for business owners called the small business Micro Loan Credit Card.
With credit availability among traditional lenders hard to come by it’s a new breed of credit specifically designed for small business owners like you.
So if you’re looking for a micro business loan without having to deal with all the requirements that come with traditional lending then this may be the card for you.
As far as underwriting most lenders will pull a personal credit check from credit agencies like Transunion and Experian and as long as your credit scores are favorable then you should be able to qualify.
Keep in mind there are several fees that come with opening an account like this so make sure you read all the terms and conditions of the offer.
When your account is opened you will be charged these fees so your initial credit availability will be slightly less than your approved credit limit.
Here is a quick overview of the Small Business Micro Loan Credit Card:
Small Business Micro Loan Card
- One-Time Origination Fee
- Quick and Easy Access to Capital
- Monthly Maintenance Fees
- Keep Business Expenses Separate from Personal Expenses
In today’s ever changing business climate you will start to see that more and more lenders and banks will introduce new and diverse credit products specifically designed for small business owners like you.
What type of credit products or cards would you like to see being offered?
Looking to obtain business credit cards without putting your personal credit at risk? Become a member of my Business Credit Insiders Circle and gain access to a proven step-by-step business credit building system. A system that provides you access to vendor lines of credit, fleet cards, business credit cards with and without a PG, funding sources and lenders that report to all the major business credit bureaus. Submit your name and email below for details and receive a free audio seminar ($597 value) =>
About the author
Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for AllBusiness.com, a subsidiary of Dun and Bradstreet and author of “Eight Steps to Ultimate Business Credit” and “How to Build Business Credit with No Personal Guarantee.” His articles and blogs have also been featured in American Express Small Business, Business Week, The Washington Post, The San Francisco Tribune, Scotsman Guide, Alltop, Entrepreneur Connect, and Active Rain.