While
a healthy business credit profile can go a long way toward easing the financing strain, it can be hard to establish — especially if your own credit needs a little work.
How are businesses leveraging
their healthy business credit profiles?
Not exact matches
A
healthy retail
business with an impeccable
credit profile and several years in
business will have several options — maybe even at the bank, while a borrower with bad
credit and a short track record will have few (if any) choices.
Fortunately, there are other potentially less expensive options to a merchant cash advance for shopkeepers and restaurant owners with
healthy businesses — even for those with a less - than - perfect personal
credit profile.
Nevertheless, as traditional lenders have shied away from the smallest small
businesses; and loans to those
businesses has been in overall decline since the year 2000 [3], online lenders are using technology to look at other information available from the public record as well as transaction history, cash flow, and other metrics in addition to
credit profiles, that demonstrate a
healthy business.
If you've been in
business for at least a year, have a
healthy business with annual revenues of at least $ 100,000, and a good personal and
business credit profile (even it it's less than perfect), an OnDeck loan could make sense.
«Teaching others how to build
healthy personal and
business credit profiles is one of my favorite things to do.
Fortunately, there are other potentially less expensive options to a merchant cash advance for shopkeepers and restaurant owners with
healthy businesses — even for those with a less - than - perfect personal
credit profile.
A
healthy retail
business with an impeccable
credit profile and several years in
business will have several options — maybe even at the bank, while a borrower with bad
credit and a short track record will have few (if any) choices.