How to Get Asset Protection with Business Credit
Using business credit instead of personal credit to fund your business, as much as possible, helps protect your personal assets. That’s because it ensures that you aren’t personally liable for business debt.
Read More »How do Business Loans Work? Business Funding Explained
Understanding how business loans work is important because it will help you know which options will work best for your needs. While they are similar to personal loans, some differences include approval requirements, interest rates, repayment terms, and dollar amounts.
Read More »Business Credit Reporting: Everything You Need to Know
There are many differences between business credit reporting and personal credit. From the agencies that issues reports, to what’s included on reports, to how to find out what your reports says about your business, here’s everything you need to know.
Read More »Top 4 $20k Business Loan Options
By the time you have been in business for at least 3 years, you will have many more funding options available to you. If you have been working on building strong business credit, and put all the other pieces of the fundability puzzle together, you’ll have an even easier time getting funding. $20k loans should not be a problem.
Read More »Investment Property Loans with 10% Down: Top Options
Like with other forms of financing, you will need to take an honest look at your strengths and weaknesses. Poor personal credit? Then hard money could be your best bet. Low income? Then try NACA or the USDA.
Read More »How Your Business Office Impacts Fundability
Many business owners do not realize that the way they set up their business office can actually impact their ability to get business funding. Find out how.
Read More »How to Start a New Business in Virginia: The Complete Guide
Per the Prince William County Public Schools, the biggest industries in Virginia are IT and cybersecurity, and also food processing; automotive. More top Virginia industries are life sciences, aerospace, energy, and also data centers. Yet more Virginia top industries are plastics and advanced materials, and also distribution. Another top Virginia industry is corporate HQ, because Capital One and Motley Fool are headquartered there, among other companies.
Read More »How to Qualify for an SBA Loan: Here are 10 Things You’ll Need
It should come as no great surprise that the SBA will want to take a close look at your business credit report as well. A PAYDEX of 80 or higher is good. Note: the range is 1 – 100.
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