SBA loan

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

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 a SBA Loan. 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 »

alternative-business-lending

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

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 »

startup-loan-lending-bitxfunding-ct

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

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 Loan Typically, to be considered for a start-up loan you need your personal… Read more »

credit-card-stacking

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

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 »

small-business-loan-ct

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

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 »

business-loan-vs-line-of-credit

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

When you need some money to start, build, or grow your business, you’ll want to know the differences between business loans and business lines of credit. Knowing the differences will help you make the best decision about what is best for you and your company at the moment you need capital. Here are 8 ways… Read more »

Five-C's-Credit

Posted by & filed under Credit Ratings, Credit Score, Five C's of Credit.

What are the ‘Five C’s of Credit’ The Five C’s of Credit is a method used by lenders to determine the credit worthiness of potential borrowers. The system weighs five characteristics of the borrower, attempting to gauge the chance of default. The Five C’s of Credit are: Character Capacity Capital Collateral Conditions Banks use rigorous policies and analyses when determining… Read more »

Posted by & filed under Alternative Lending, SBA Loan Facts, Small Business Loans and Business Credit.

Finding the right kind of loan for your small business can be challenging.  We’ve broken down five of the top loan types to help make the lending process clearer for your business needs. Long Term Loans If your business is looking to Fund larger projects that pay back over a longer term this option maybe… Read more »

ct-small-business-express-lending

Posted by & filed under Connecticut's Small Business Express Lending Program, Small Business Loans and Business Credit.

The Small Business Express Program (EXP) provides loans and grants to Connecticut’s small business to spur job creation and growth. Small Business Express Program Fact Sheet Small businesses with operations in Connecticut, registered to conduct business for not less than twelve months, in good standing with all state agencies and with the payment of all state taxes,… Read more »

repair-your-credit-bitx-funding-ct

Posted by & filed under Building Credit, Rebuilding Credit, Repair Your Credit.

There are THREE CHOICES to improve credit reports, identity theft, and consumer information: DO IT YOURSELF  HIRE A REGULAR NON-LAW FIRM Credit Repair Company HIRE AN ATTORNEY Make an Immediate Impact: Do it Yourself Review your credit reports for accuracy. Your report may contain inaccurate information or might be missing important credit information. Contact the credit reporting… Read more »