Tag: Business Credit Score

When starting a business, entrepreneurs will generally look anywhere and everywhere for funding. Families and friends get tapped, credit cards are maxed out. Traditional small business loans can be difficult for newcomers to secure. Plus the idea of having to pledge their own assets like their houses or cars is a scary thought for many new business owners. At this point, many entrepreneurs turn to unsecured business loans for financing help. An unsecured business loan is one that does not require […]

Commercial mortgages and residential home loans are both loans taken out on properties and they both use the property itself as collateral. What makes them different from each other? As a business owner, what do you need to know about making a commercial mortgage agreement? Borrowers While residential mortgages are usually between banks and individual buyers, a commercial mortgage is made to a company or business. An individual could sign on to a commercial loan but since the property is zoned […]

Finding funding for a small business startup can be a difficult challenge. And if your personal credit score is less-than-perfect that process can seem even more grueling. It is definitely not impossible though. The path to funding might have to be a little more creative, but the following tips can help your business overcome your past credit foibles. 1. Borrow From Friends and Family While it may be uncomfortable, family and friends are often the best place to start for small business financing. […]

Here are six ways of getting your business credit rating up, so you get access to all of the funding sources you need to be successful