It is no surprise that once again small and mid-size businesses are impacted, last time radical COVID lockdowns, this time stagflation. What is a business owner supposed to do? A business owner you can take advantage of the interest rates that are still relatively low before they go up even more in 2023. If you […]
Business Credit
Your Business Credit Report Cannot Be Ignored
Your business depends on your personal credit and business credit. Your business credit report is accessed when you apply for SBA or a conforming commercial loan. Business owners should review their business credit report, if they are applying for business lending or commercial lending. Simply go to Experian Business and Dun and Bradstreet. If you […]
Can an Alternative Business Loan Help My Credit or Hurt My Credit?
An alternative business loan provides you the quick turn times for the cash you need for your business, it is not recommended to carry an alternative business loan as long term because of a slight higher interest rate compared to a conforming business loan. You are probably seeking a short term alternative business loan for […]
Four Ways a 680 Credit Score Helps a Small Business Owner
Some business owners are unaware of their credit scores and finally aware when they get turned down for a business loan or commercial real estate loan. Regardless, personal credit is used to qualify you for a business loan or commercial real estate loan. The best way to stay connected to your credit scores is through […]
Preparing Your Personal Credit for Business Financing
There are simple steps to get your personal credit ready for business financing. A large number of small business owners do not realize their personal credit is not quite up to par in order to finance their business. Some small business owners need credit tweaking and some need a full personal credit restoration. Before you obtain […]
Two Easy Tips for Business Credit
Most existing businesses have or had some type of credit glitch or glitches during their operations. These quick tips may help a new business or existing businesses New Business Credit Try to do your best not to utilize your personal credit for business purposes. What I highly recommend to new businesses is by starting off […]