Is An Alternative Business Loan Right For Your Business ?
Sometimes even the most lucrative businesses need funding, and sometimes that funding is hard to come by. But, why? Why do some businesses need an alternative small business loan source instead of the regular options? Well, the answers may be surprising, but they can help you better understand the mainstream business funding industry.
Poor Credit History: When reviewing a business loan application, a credit history is one of the first things that lenders look at. A good credit score shows that a business owner has a solid handle on their personal and business credit, which is what every lender likes to see. On the flip-side, a poor credit score doesn’t instill confidence in lenders. A business owner with a sub-par credit rating might not be able to meet the financial obligations that are set forth in the loan agreement.
Cash-Flow Issues: Entrepreneurs start businesses to make money. Cash flow is …
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