Why It’s Important to Build Business Credit

Posted by & filed under Build Business Credit.

Why It's Important to Build Business Credit

Why It’s Important to Build Business Credit because your ability to build a positive business credit history reflects your past payment habits and future borrowing potential. Begin building your credit history by taking steps to formally set up your business, opening business accounts and slowly transitioning to making payments with credit and taking loans when necessary. Taking the First Steps Establishing a business credit history requires defining your business, which separates your… Read more »

Seven Reason for a Short-Term Business Loan

Posted by & filed under Alternative Lending, Business Loans, Short Term Business Loan, Small Business Loans and Business Credit, Working Capital.

Seven Reason for a Short-Term Business Loan

Funding Your Big Ideas with BitX Funding Short term business loans are a special kind of loans made to small business owners to bridge a temporary gap in the cash flow. The terms for these loans can vary, depending upon your needs. For example, the term of the loan can be for 90 days or… Read more »

What is an SBA Loan and How Do I Qualify?

Posted by & filed under Business Line of Credit, SBA Loan Facts, SBA Loans, Small Business Association (SBA).

SBA loan

The U.S. Small Business Administration (SBA) is a federal agency committed to supporting the growth and development of small businesses by partnering with lenders to provide SBA Loans. It is important to note that they are not the loan provider but work with other lenders to support and administer the loan. The purpose of the SBA is… Read more »

What To Do When the Bank Says No

Posted by & filed under Alternative Lending, Building Credit, Business Line of Credit, Business Loans, Small Business Loans and Business Credit.

alternative-business-lending

It can be hard to grow a business when banks want you to have established business credit or solid collateral and there just isn’t enough yet for you to get approved. Luckily, we live in an era where banks are merely one of many options to choose from. Did the bank say no? No problem! Check… Read more »

What You Need to Qualify for a Startup Loans

Posted by & filed under Alternative Lending, Building Credit, Business Line of Credit, Small Business Loans and Business Credit, Startup Lending, Startup Loan.

startup-loan-lending-bitxfunding-ct

While there’s no secret formula to getting a start-up loan, there are certain things you can do to improve your odds. Here’s what you need to be ready for in order to qualify. What Does It Take to Get a Startup Business Loans Typically, to be considered for a start-up loan you need your personal… Read more »

Startup Business Loans

Posted by & filed under Alternative Lending, Building Credit, Business Line of Credit, Business Loans, Credit Card Stacking, Small Business Loans and Business Credit.

credit-card-stacking

How Does Credit Card Stacking Work? Credit card stacking lets you use multiple credit cards to finance your business. Lenders don’t call credit card stacking by its name because most people have a negative perception about credit cards. Instead, you might see it referred to as an “unsecured business credit line for startups” or “FICO… Read more »

It Was the Best of Times, It Was the Worst of Times: When to Get a Small Business Loan

Posted by & filed under Business Line of Credit, Business Loans, Small Business Loans and Business Credit.

small-business-loan-ct

Times are good. Your business just got a great story written about you in the local paper, your customers love you more than ever. Sales are up, costs are down, the business is humming just like you dreamed it would be. What now? Rest on your laurels and relax? Now would be a great time… Read more »