Often, when you are trying to get growth financing for your business, you'll be asked for your personal credit score – which needs to be 680 or higher for most qualifications. But what if your score is lower? What can you do to quickly build up your personal credit so that you can grow your business? Adding a credit tradeline to your report might be the short-term solution you need. Credit tradelines are an unconventional, but relatively common method of building up your personal credit. Whether you already have good credit and want to improve it by adding another tradeline, or you just need a boost before applying for a business loan or other large purchase, credit tradelines can get the job done, and this article will show you how.
Did you know there are over 100 steps involved in the process of getting a small business loan? The underwriting process is different for each lender, and it can take as little as 2 weeks or up to 3 months. In this article, I will break down for you everything you need to know about the underwriting process so that you have an idea of what to expect from your lender!
If you are a business owner or an entrepreneur, you might have found yourself in a situation where the funds necessary to sustain your business are just not there. This is why it is important to know what business growth financing is and the advantages of availing such financing. In this post, we will explore the six different types of business growth financing and their advantages for different entrepreneurs.
Do you find yourself craving more resources, such as an office space or a larger inventory, in order to grow your company? If so, then this post is for you. Here, you'll learn some of the ways that business loans can help your business grow and thrive!