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Business Funding 101
- Small Business Credit and Business Financing
It is almost inevitable that at some point during the
life of a small business, it will need business credit,
business financing or business loans. This could happen
during the start up of the small business or later for
the purpose of business debt financing or small business
expansion. It can also happen when the business has contracted
a large sale for goods or services but needs the cash
or business credit to cover up front costs. Whatever the
need is for business credit or business financing, there
are particular elements a small business owner needs to
be aware of when seeking business financing.
First and uppermost, small business owners need to know
that whether the small business has bad credit or no credit,
in the majority of cases, some form of business credit
or financing is available. This is possible even if the
small business owner has been rejected for a small business
loan by the bank. Secondly, but equally as important,
a small business owner must be aware of how to separate
personal credit from business credit in order to protect
his or her personal assets.
In this section you will learn about a wide range of topics
from what type of financing is available to the 5 C’s
of lending. We will also touch on the Small Business Administration,
the benefits of credit based financing versus non-credit
based financing and the benefits to building business
credit. We also discuss interest rates, how to recognize
business loan scams and debt to income ratio monitoring. |
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Get your business up and running
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