5 Critical Steps to Obtaining Bank Funding Approval
FACT: 4 out of 5 business will fail within their first 5 years. Surveys prove that the main reason for business failure is lack of capital. Here are the 5 critical steps to obtaining bank funding to build your business. #1 Start With a Credible Foundation The first thing you need to do when starting…
4 Reasons You Can’t Afford To Ignore Building Business Credit
Here are 4 things to consider before you start borrowing from friends and family or pledging your personal credit and assets as collateral to fund your business operations. 1 Business Credit Is One Of The Easiest Ways To Get Funds To Grow Your Business Businesses need money to operate. That money can be difficult to come…
How Your Business Bank Account Effects Your Credibility
Many lenders now look at the bank account start date as the corporation start date. Most shelf corporations don’t come with established bank accounts. Some shelf corporations have actual credit problems making it harder to get funding, not easier. Most lenders know what to look for to see if the corporation is a shelf corporation.…
What You Need to Know About LLC’s
A Limited Liability Company (LLC) is a form of business whose owners enjoy limited liability, but which is not a corporation. A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. An LLC is not a corporation; it is a legal form of company that provides limited liability to its…
