Explore the pros and cons of various financing options available for your small business to find the one that best meets your needs.
Insight on keeping your business funding source close to home.
Learn about what banks can offer when it comes to business financing.
Get better acquainted with how these business funding opportunities work.
Financing options to consider for business owners with no or poor credit.
Set yourself up for a successful loan application and approval process with some advance preparation.
Understanding your credit score
Your personal and business credit score can be crucial if you want to obtain financing, so it helps to prepare. Consider these two key factors:
Safeguard your information
Multiple inquiries to your credit report can impact your credit score. Provide personal information to trusted providers you can verify for yourself.
Your personal credit score may matter
If you have more than 10% ownership in the business, your personal credit will likely be reviewed as well in consideration for a small business loan.