Posted : July 6, 2021

As you look to the future for your business, needing additional funding for expansion, growth, or remodeling means you’ll need to apply for a loan. Since your credit score will affect your ability to get a loan and your interest rate, it’s essential to make sure it’s at a certain level. According to a poll conducted by Nav, small business owners are 40% more likely to have their loan requests approved when they know their credit score and how the ratings work when they apply. For example, if your credit score is 650, you might get a loan but you won’t get the lowest interest rate. Having a score over 700 is important for obtaining lower rates, with a 750 minimum guaranteeing you the best rate.  (more…)

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Posted : July 1, 2021

On June 30, the U.S. Small Business Administration (SBA) sent an email to all Restaurant Revitalization Fund (RRF) applicants announcing the official shutdown of the program. What should you know if you're one in a majority of restaurant operators whose grant application is still pending? (more…)

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Posted : June 17, 2021

Whether you’re just starting your first business, or you’re getting ready to invest more into your current business, there will inevitably come a time when you need a loan. The easier it is for you to work with your lender and the smoother your application process goes, the easier it will be to find the right loan, get the best service, and quickly receive the funds you need to get your business where you want it to go.  (more…)

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