Showing posts with label Credit Tips. Show all posts
Showing posts with label Credit Tips. Show all posts

Monday, November 5, 2012

Will My Personal Credit Score Hurt My Business?

Entrepreneurs aren't born overnight - one day you have an idea and it builds until you launch your 'dream job.' Your very own start-up small business can be exciting and scary. Figuring out how to fund your business usually falls into the 'scary' category.

A successful small business requires money to sustain it and investment to grow it. Of course, securing investors is difficult so small business owners usually rely on a business loan or line of credit to supplement initial business growth.

This means a bank is going to look at YOU and your Credit to determine if you business is viable. Your credit does not have to be perfect to get a loan or line of credit to start a business but obviously - the better your history the higher your chances are to obtain financing.