What are the New Rules of Small Business Financing?
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.