Blog posts tagged with "Credit Scores"

What to Do if You Have Bad Credit and Can't Get a Business Loan

February 20, 2018
Bad credit can plague any business owner. Perhaps you forget to pay a bill, or your business is low on cash. Before you know it, these issues have lowered your credit score, and you’re your business in a challenging financial situation.

How to Get Equipment Financing with Bad Credit

February 15, 2018
When you have bad credit, getting approved for equipment financing might seem impossible. Although finding traditional equipment financing can be difficult, there are options other than typical equipment loans.

5 Credit Cards for Business Owners with Bad Credit

February 06, 2018
If you own a small business, your personal credit score may affect your ability to secure business funding. Ironically, one of the ways you can improve your credit score is opening a credit card account and making your payments in full and on time.

The Benefits of Having a Good Business Credit Score

January 30, 2018
As a business owner, its vital to understand the importance of establishing a good credit score. Especially when starting a business, you likely won’t have enough cash on-hand to fund all your business needs including purchasing equipment, inventory, and affording other costs.

The Pros and Cons of Getting a Bad Credit Business Loan

January 19, 2018
Do you need additional business financing? Unfortunately, if you have a low business credit score, you may feel like securing a loan seems unfeasible. Many banks avoid loaning money to individuals with low credit scores, making it challenging to find financing. Still, there are bad credit business loan options available, but you should weigh your options prior to applying.

How to Use a Bad Credit Business Loan to Improve Credit

January 08, 2018
When you receive a business loan, it’s a prime opportunity to build an excellent credit history. In fact, if you have a low credit score, it’s a great chance to show that your current credit situation doesn’t paint the whole picture.

5 Ways Bad Credit Business Loans Can Improve Your Operations

December 29, 2017
Ensuring that your small business has enough cash flow to remain operational is pivotal. Due to this, many business owners pursue a business loan. Unfortunately, though, studies show that of the 63 percent of business owners that seek a loan from a traditional bank, only 27 percent are approved. The numbers are likely even more dismal for business owners with poor credit scores. However, there is hope!

How to Get Approved for a Bad Credit Business Loan

December 21, 2017
If your business is struggling with a poor credit score, you might believe that it is impossible to be approved for business financing. In reality, you can still land a business loan – despite a less than stellar credit score. To do this, your application must be organized and meet the other requirements. By being prepared and transparent throughout the process, the lender will be more likely to view your business as a trustworthy entity worth investing in.

9 Questions to Ask If You Have Bad Credit but Want a Business Loan

December 14, 2017
If you need additional financing to grow your business, you might be interested in applying for a loan. Unfortunately, if you have a poor credit score, attaining a business loan can be challenging, and requires additional consideration. You’ll need to determine who will provide you with financing, despite your low credit score, and how it will affect your business in the future.

5 Financing Options for Business Owners with Bad Credit

December 06, 2017
It’s an old cliché: “you have to spend money to make money.” But what if you don’t have any money to spend? Even for small business owners with favorable credit scores, obtaining sufficient business financing can be challenging. Then there are business owners with bad credit, who find trying to receive financing to be nearly impossible.