Posts Tagged: #lending

Heavy Equipment Loans For Bad Credit

Posted by & filed under Credit Score, Equipment Financing.

Heavy Equipment Financing for Bad Credit, BitX Funding Small Business Loans

Equipment financing is a method in which a business owner takes out loans to fund the purchase of large-scale equipment. Certain industries are more reliant on equipment than others. Thus it is vital to define your goals and expectations before pursuing an equipment loan. If you are in the construction space, heavy equipment loans can… 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

What To Do When the Bank Says No 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…. 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

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 »

8 Differences Between a Business Loan and A Line of Credit

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

business-loan-vs-line-of-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 »

Are You Credit Worthy?

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

Five-C's-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 »