BBWO: BLACK BUSINESS WOMEN ONLINE

7 Things You Need To Get A Business Loan Approved.

1. Pick a Favorable SIC/NAICS CODE.

2. Add the description of the business into the business name.

3. Use a C-corp. structure because most lenders and investors prefer this structure.

4. Have a strong 680+ credit score to use as a personal guarantor

5. Have a Strong Business Credit Rating

6. Have a Paydex Score of 80+

7. Have a good Business Bank Rating.

http://www.businesscreditamerica.com/

Views: 47

Add a Comment

You need to be a member of Black Business Women Online to add comments!

Join Black Business Women Online

Comment by Dr. Francis John Maguire, Ph.D. on August 28, 2014 at 6:31pm

Noticed you have a section on How To Do Your Business Taxes. Perhaps, you should review www.NYTEX.us

Comment by Dr. Francis John Maguire, Ph.D. on August 28, 2014 at 6:27pm

There is an SEC Exemption that allows an individual (or group) to raise up to $5M and requires no personal credit scores or index scores of any kind.

If the project is of suitable design, it will get funded/

Have been doing these deals for nearly 30 years.

Dr. Francis John Maguire, PhD

MaguirePhD@comcast.net

Become A Money Magnet

Sponsors & Support

Advertisements

Your Banner Here - Advertising on BBWO

 

Advertisement

Your Banner Here - Advertising on BBWO

 

Back to Business Virtual Conference

© 2019   Created by LaShanda Henry.   Powered by

Badges  |  Report an Issue  |  Terms of Service