Business Credit

Building Business Credit for Small Business

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How to Build Credit for Your Business

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How to Build Credit for Your Business

When it comes to building credit we’ve all heard the typical advice; get a few credit cards, use them regularly and pay your statements on time. But when it comes to building credit for your business what then? how to build credit for your business

In this post I will cover how to build credit for your company whether you are a startup or seasoned business. The first thing you should know is acquiring credit in the name of your business is not as simple as filling out a credit application.

There’s some initial prep work that needs to be done once you incorporate your business in order to structure the proper foundation for building a creditworthy company.

Are you familiar with the term lender compliance?
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How to Get Funding for a Small Business

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How to Get Funding for a Small Business

Does your business need funding?

Are you having trouble deciding what type of financing your business may qualify for? how to get funding for a small business

Well, the good news is you’ve come to the right place for some answers. On the previous post I covered planning your business funding strategy by first doing a business credit analysis.

In this post, I’ll cover some of the more popular funding programs that are currently available. Now keep in mind, each type of funding program is designed to cater to a specific aspect of your business depending on a variety of factors.
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How to Conduct a Business Credit Analysis

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Business Credit Analysis

Do you have a business credit building strategy in place?

Would you like to know what types of business funding you qualify for? business credit analysis

Not being prepared or aware of where you stand with regards to your personal and business creditworthiness is the cause of 99% of declines for credit.

Success in acquiring business credit and funding is more than just being qualified; it’s about being ready to apply.
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How Hard is it to Get a SBA Loan?

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How Hard is it to Get a SBA Loan

Did you know government guaranteed loans have increased by 18% this year?

This represents $9.2 billion in approved loans during the same period as a year agohow hard is it to get a sba loan. It’s no surprise why aspiring and existing business owners turn to an SBA loan since the programs are designed for business owners who are having trouble qualifying for a traditional loan.

The fact is by having a loan guaranteed by the Small Business Administration (SBA), a lender is more likely to approve the loan since there is a loss guarantee.
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How To Check Your Business Credit Score

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How To Check Your Business Credit Score

What does your business credit score say about your company’s overall creditworthiness?how to check your business credit score

Did you know positive business credit scores and ratings are a company’s ticket to favorable interest rates, flexible payment terms, higher credit limits, and financing opportunities?

In this post I’m going to show you how to check your business credit score and ratings with each of the three major business credit reporting agencies.

How would you like to know exactly how lenders will view your company’s financial health and how much risk it might pose?

Knowing your business credit scores before applying for credit or financing is simply smart business.

Don’t make the mistake of blindly applying for credit; know where your business stands.
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