By jpflieger on March 20, 2009
There are 4 very basic things a business can do to make sure they do not get declined instantly. These steps are to: 1. Form a separate legal entity 2. Check for name conflicts 3. Get a separate business address from a home address 4. Make sure the company is listed in the local 411 [...]
Posted in Loans
By jpflieger on February 27, 2009
Every year, thousands, if not millions, of businesses are declined when trying to secure different types of business financing. Many times, the business owner is unaware of why they were declined in the first place. Banks and other lenders can be very finical at times. If your business is not set up exactly the right [...]
Posted in Develop Your Skill
By jpflieger on February 22, 2009
In short, yes you should care about business credit. Business owners typically fall into one of three categories when it comes to biz credit. 1. They are very familiar with it and have established scores with the 3 national business credit agencies for their company. Their vendor accounts and credit cards report good payment history [...]
Posted in Develop Your Skill
By jpflieger on February 20, 2009
Why would a business need to separate business credit from personal credit in the first place? Because good business credit scores will enable a business to: -Protect the assets and credit scores of the owner(s) -Gain access to lower interest rates -Obtain larger business loans, credit cards, and vendor lines of credit -Expand the funding [...]
Posted in Develop Your Skill
By jpflieger on February 18, 2009
Small business loans are sought after by many small companies for a variety of reasons, but many do not know which type of financing they need, or where to start. There are many reasons why company would want a small business loan. These reasons could include: 1. Working capital 2. Purchasing real estate 3. Renovating, [...]
Posted in Develop Your Skill
By jpflieger on February 16, 2009
Getting a bank loan in the name of your business that reports to the business credit agencies is invaluable for building business credit and finding larger and less expensive financing in the future. It may seem like an impossible task since banks have very tight lending criteria compared to other funding sources, but there is [...]
Posted in Develop Your Skill
