What You Need to Qualify for a Startup Loans 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… Read more »
Posts Tagged: #ct
Are You Credit Worthy?
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 »
Connecticut’s Small Business Express Lending Program
The Small Business Express Program (EXP) provides loans and grants to Connecticut’s small business to spur job creation and growth and awareness about small business lines of credit. 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… Read more »
The Best Way To Repair Your Credit Quickly
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 »
SBA LOAN FACTS: Small Business Loans For Women Owned Businesses
ATTENTION FEMALE BUSINESS OWNERS: The Government Wants To Give You Money In fact, it’s funding for female entrepreneurs made big gains this year. U.S. Small Business Administration loans for women were up 18 percent in fiscal 2015 over the previous year, according to the federal agency. The SBA itself posted a record year with a… Read more »
3 Advantages of Cash Flow
Running a small business has its’ ups and downs and so does your business cash flow. Having enough cash (working capital) on hand to pay expenses and purchase assets is vital to the long term success of your business. The challenge for most is managing the peaks and valleys of their business cycles. You may… Read more »
4 Ways to Boost Business Credit
As a small business owner, you work hard to grow your business. Some days you feel like the chief cook and bottle washer between all of the duties that require your attention. Things like customers, vendors, employees, and marketing strategies are certainly important but don’t neglect the importance of your business credit. Here are 4… Read more »
What To Do When The Bank Says No
What To Do When The Bank Says No If you’re like the majority of small business owners, chances are you’ve been turned down by the banks when applying for a loan. Perhaps your FICO score is too low, or you haven’t been in business for 3 or more years or maybe you have a blemish… Read more »
Strategies To Securing Small Business Loans
Strategies To Securing Small Business Loans If you need financing, what’s the first thing you should do? Head to the bank? Post on Kickstarter? Go on ABC’s “Shark Tank”? In a world where the finance industry has developed a product to take advantage of many well-meaning entrepreneurs (i.e. “the business cash-advance”), where companies promise you… Read more »