Credit Creators » Start up Business

What are the New Rules of Small Business Financing?

admin — Thu, 24 Sep 2009 11:56:43 +0000

If you plan on getting a start up financing or an equipment lease financing, you should know some of the essentials in getting an approval quickly and easily. Here are the new rules of small business financing that every aspiring business entrepreneur should consider:

The importance of your credit history.

As before, this rule still exists even today. Lenders still base their approval upon an individual’s personal credit history especially for those who are just starting up a business. So before even submitting a business loan application, don’t forget to check on your credit report first. You can order a copy of your credit history from any of the 3 major Credit Bureaus (Equifax, Experian and TransUnion) for $12.95 or for free.

Business Financing Facts You Should Know

admin — Wed, 16 Sep 2009 12:56:08 +0000

If you’re a business owner planning to apply for a start up loan or additional funds, you should learn as much as you can about how loans work before searching for a possible lender. In this article, let’s discuss some basic facts that you need to know about business financing.

Different Types of Business Loans

One of the first things you’ll probably check on is the rate of interest. Lenders offer two kinds of interest- fixed and variable. Fixed-rate business loans are ideal because you can calculate exactly the amount of payment you need to submit each month. A fixed rate interest does not change from the moment you signed up for the loan until your loan term is completed.

Build Your Own Enterprise Through Venture Leasing

admin — Sun, 13 Sep 2009 11:21:50 +0000

Reports show that venture leasing is a growing trend in the market. The idea of venture leasing has evolved from venture capitalists investing in businesses. With only less than $3 billion worth of venture capitalist investment in the 1990’s, this number has dramatically increased to more than $106 billion in the year 2000.

Venture Leasing Defined

What is venture leasing? As the term suggests, it is an equipment lease provided by venture capital investors. Venture technology is a combined concept of equipment leasing and venture capital investing. In order to understand it better, let’s consider what business equipment leasing is.

Traits You Need To Have Upon Starting A Business

admin — Sun, 13 Sep 2009 11:15:45 +0000

Many people would like to start their own business because of many reasons. One reason maybe because of a loss of job, dissatisfaction with employment, or difficulty in finding the job. However, starting a business should not be a hasty move.

Being self-employed can be a big challenge especially if you’ve been used to working on a regular job as an employee. In fact, some people who ventured too quickly into a business have found it difficult to adjust with their own situation. Before thinking about opening up your own business, think about the responsibilities involved in running a business and ask yourself if you are ready for a business.

Let’s talk about these responsibilities and take an objective self-examination and see if you are indeed ready to take the challenge of starting a business: