Four Credit Tips for Young Entrepreneurs
Having a strong credit score certainly makes it easier to start up a new enterprise. Unfortunately, many business-savvy individuals have to put their entrepreneurial ventures on hold due to their poor—or sometimes nonexistent—credit histories. Building credit might seem impossible for many young entrepreneurs, especially if they’re in school. However, the more they learn about basic...
8 Ways to Clean up Your Business Credit Report
A complete and accurate business credit report is like a gourmet meal to a loan underwriter. Your business credit report is important for your company getting a business loan, because it tends to verify the information provided in your credit application and business plan. Much like a personal credit report, unless it is managed, the...
5 Tips to Getting Small Business Financing
It’s no secret that small businesses can have a hard time getting financing. So before you approach lenders, make sure you ask yourself: how can I maximize my chances of getting credit approval? Here are five simple things you can do to up the odds of getting your funding approved. Demonstrate that your business generates...
Funding for Philanthropic Efforts Requires More Effort Than Normal
One sad fact in our capitalistic world is that funding for many worthwhile efforts is often difficult to obtain if there is not a direct profit opportunity to be had. Non-profit’s and local community leaders need special assistance, especially in developing countries, to gain access to appropriate resources of capital devoted to their respective purposes....
A Brief Introduction to the SBA Loan Programs
Interested in an SBA loan? Learn about the 7(a), CDC/504, microloan and disaster loan options offered by the SBA.
By Helena Hauk
Overview of the Players in the SBA Lending Process
The SBA is one of the most vibrant sources of funds and tools for small business owners. Their lending programs, especially the 504 program, make it possible for all types of small businesses to secure needed funds to continue to grow their business. It takes many people to successfully secure and close an SBA loan....
By Helena Hauk
The Five C’s For Making Your Business Credit-Worthy
There comes a time when every business must secure financing to cover their growing needs. Whether it’s to buy new equipment, purchase land, improve an existing location, or to just give your business a little breathing room, a loan can sometimes mean the difference between making it to the next level and falling behind your...
By Helena Hauk
What Lenders Look for in a Business Plan
Your business plan is the foundation of your business. It defines your vision and mission, and serves as a road map as you move forward. It’s one of the most important documents you’ll ever create. It’s also an invaluable tool when it comes time to apply for a business loan. What lenders look for in...
By Helena Hauk
