Your company could be quietly damaging your personal finances, and you might not even be aware of it. A shocking three-quarters of small business owners are unaware of how their business credit decisions influence their personal finances, potentially costing them thousands in higher interest rates and blocked financing opportunities.So, does a busi
In excess of 70% of small business loan applications encounter rejection, often since applicants misjudge what lenders truly seek. The key between success and failure frequently hinges on preparation, not merely the strength of your business. This article unpacks how to qualify for a commercial loan and evade becoming the staggering rejection stati
Your business might be silently undermining your personal credit score, and you might not even notice it. An astonishing three-quarters of small business owners lack knowledge of how their business credit decisions impact their personal finances, potentially resulting in significant expenses in elevated borrowing costs and rejected credit applicati
It might startle you to learn that a large percentage of small business owners who successfully obtain funding at the $300,000 level manage to do so without having top-tier credit and readily available collateral. What's the key? They possess a deep understanding of what banks and lenders are truly looking for prior to engaging with potential funde
Nonetheless, Kersten says that individuals who have credit scores under seven hundred should still have the capacity to acquire a business loan. For one, corporations like Michigan Females Ahead — a CDFI lender — assistance Michigan entrepreneurs acquire loans as many as $50,000 when conventional lending is probably not an choices.This undersco