Posted : August 13, 2021

When it comes to funding your business, you have many financing options. If you’ve decided that borrowing money from a lender needs to be a part of your funding plan, there are many things you can do to increase your chances of getting the best possible loan, including different kinds of research, some careful planning, or actions you can take. 43% of small businesses applied for a loan last year, and only 48% of those small businesses get their financing needs met.  (more…)

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Posted : July 29, 2021

You have an array of funding options to choose from if you’re looking for financing for your business. When deciding what type of financing is best, it’s essential to identify your needs and compare loan and product options. Familiarizing yourself with the products available is key to your financial future; you need to gather correct and current information to understand loan terms, rates, repayment options, requirements, approval processes, and more.  (more…)

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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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