What You Need to Qualify for a Startup Loan

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

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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 »

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 »

Connecticut’s Small Business Express Lending Program

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

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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 »

The Best Way To Repair Your Credit Quickly

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

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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

Posted by & filed under Alternative Lending, Building Credit, SBA Loan Facts, Small Business Association (SBA), Small Business Loans add Business Credit, Small Business Loans and Business Credit, Women-Owned Businesses, Working Capital.

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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 »

Strategies To Securing Small Business Loans

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

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By Raoul Davis 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 funding within five… Read more »