I wanted to address a topic that has helped my clients crush it with securing a LOAN while rebuilding their CREDIT – so pay close attention… Does anyone know what a ‘Thin Credit File’ means? You may have possible heard this term from your banker or while searching online for your next loan – so let me break it down (hope...
A startup can obtain funds through various means ranging from term loans to revenue-based financing to venture capital. Each kind of funding is stereotyped differently with its own rules and remuneration. It is very important for startups to obtain funds that suit them because what’s good for one business can be detrimental to another business....
Every business comes with lots of opportunities as well as responsibilities. Business credit gives an inkling of a business financial strength and capability to enable proper management of debt. The eligibility of businesses in obtaining loans, lines of credit, or business credit cards is dependent on its business credit. .Business owners must be aware of...
Credit Scores can take a number of years to build up and a few months to destroy. We have all experienced some issues with our credit ranging from non-payment of Credit as at when due to utilizing all of your Credit. Atimes, things beyond our control such as medical expenses, bankruptcy and divorce can result...
A business loan can come in handy in times of need. It can also help launch your business into a higher level. You can utilize these funds to purchase new equipment, hire employees, etc. A business loan can help you stay afloat during an unexpected cash flow crisis and repayment helps build up your credit....
Many a time, business loans application are disapproved, this can be really hard for business owners as these funds always come in handy when meeting up with financial needs of their business such as payment of salaries, purchase of equipment, expansion and so on. The reasons why business loans application are disapproved may vary from...
Getting funds for businesses can be quite tough even under the best circumstances. A lot of businesses applications for loans get disapproved on a daily basis. To get successfully approved for funds good credit is required, and that brings about an additional task for all business owners. If you’re one of those business owners in...
A healthy cash flow is an important factor for every business to thrive in the midst of financial difficulties and crises. For most business, the amount of cash available determines its success and credit score. Discover how to keep a healthy cash flow and also benefits of a healthy working capital. Staying Positive A positive...
Bridge loans is a medium that can be used to conquer short-term cash flow challenges. It also gives access to cash immediately when long-term funds are unavailable. These are the 9 reasons to get a small business bridge loan. 1. Short-Term and Low Risk A bridge loan is quite easy to obtain its objective is...
What Is an Unsecured Small Business Loan? An unsecured loan is usually issued on the basis of the applicant’s creditworthiness.Therefore, an applicant’s payment history and credit score plays a significant role in obtaining this loan. A collateral is usually not required to obtain an unsecured loan. In most cases, applicants use their primary residence as...
