Many new entrepreneurs start out their ventures with poor credit, often because they have not yet had time to develop a business credit history. And without a good credit profile, it can be really tough in today’s economy to get a traditional bank loan for a new business. Fortunately there are several options for fledging companies that can provide some initial funding. For some firms, a business credit card may supply necessary financing, at least until a better score can be established. A business […]
Having poor credit can make securing business financing very difficult, although not impossible. For those facing this challenge, one potential option is the merchant cash advance (MCA).
U.S. military veterans will have an easier time borrowing money for their businesses during the next year, thanks to a reduction in fees from the Small Business Administration.