- Success Story
Have you ever wondered what an underwriter looks for when they get a business loan request? In this 3.5 minute video, we break down the three factors in a simple to understand format.
Actual case study of a credit report before and after new accounts were approved, client applied for new accounts which lowered their fico score by 100 points, causing them to be disqualified for business funding and a business line of credit.
See how one client was able to increase his personal credit score by over 100 points by making just one small adjustment in his finances. As a result of the increase, the client was able to obtain a business line of credit of $300,000!
Many Americans don’t think twice when they use their credit cards for purchasing various items. Credit cards are nothing other than personal lines of credit that enable these individuals to access additional cash for meeting various personal or household-related needs. Similarly, when business owners require additional funds for meeting various short-term capital needs, they will often require start-up business credit. Business lines of credit are nothing other than revolving credit lines. They enable small and midsize business owners to meet their short-term capital requirements.