Financing Your Business

Small Business Credibility Checklist to Secure Financing

Building a strong credit profile is vital to the long term success of your business. If you ever decide to secure financing for your business, the first thing that lenders do is to verify your business profile for fraud. They will also check the credibility of your business through credit reports.  So before you decide …

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How to Prepare For Your Small Business Loan Application

Small business owners face lots of challenges on a daily basis but perhaps the most important one is limited funds. Having that extra cash at the tip of your fingers can be used to buy inventory, hire new employees, initiate a marketing strategy or campaign, or even open up a new physical location. It all sounds …

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8 Questions to Ask Yourself Before Getting a Small Business Loan

As a small business owner, the idea of having some extra cash at your fingertips to grow or expand your business has come to mind. It’s an exciting idea, right? And you may have come up with a few ways to get that business loan you need, either through banks or alternative lenders. It may …

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Hard Credit Check vs. Soft Credit Check: What’s the Difference?

Have you applied for a small business loan? If so, you most likely have been told that your credit will be checked, and there might even be a “hard” credit inquiry. All lenders will check your credit score before qualifying you for a business loan. But you might now wonder, well, what’s the difference between …

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3 Main Purposes of Business Financial Statements

If you are currently a business owner, you have most likely heard the term “Business financial statements”. It’s a big part of the language of all business owners but interestingly enough, many don’t realize its value for their business. There is one general purpose for business financial statements — to provide information about your business’ …

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How to Get a Small Business Loan With a Bad Credit Score

As a small business owner, you may have experienced (or are currently experiencing) issues with your business’s finances. Don’t worry, you’re not alone. This isn’t new or exclusive to a certain type of business or industry – with uses of funds ranging from expansion & renovation, working capital, equipment purchase or hiring new employees – …

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