- Are you looking for a business loan or financing? Been turned down?
- Do you need a business line of credit for working capital or growth?
- Do you want to lease or finance equipment for your business?
- Would you like to stop having to personally guarantee every loan?
Financing is a critical part of growing a small business and almost always a very large concern for the owners. Nothing is more important and vital to the health of a small business than having the right financing in place.
Most small businesses are initially financed by the personal savings or assets of the owners, and can rapidly reach a stage of growth where they are forced to seek credit or investment solutions to fund that growth. Below, I am going to teach you how to build your business credit profile in order to assist you in obtaining the financing you need to grow and succeed.
Business owners quickly realize that applying for business funding is a much more complicated process than applying for personal credit. Applying for business funding requires careful preparation and demands that you understand the process and what it takes to qualify.
Lenders have a checklist of up to twenty (20) items that they will look for your business to already have completed. A very important part of that list is have you separated your personal credit from your business credit and does your business have three (3) excellent business credit scores with Experian, Equifax and Dun and Bradstreet.
Your Business Must Have 3 Separate Business Scores.