Website design By BotEap.comWhether you’re an entrepreneurial entrepreneur or a savvy investor, financing for your business or investment needs can be hard to come by.
Website design By BotEap.comThere is no shortage of methods that can be used for business financing:
- personal savings
- retirement savings
- personal credit cards
- personal property lines of credit
- private money or partners
- business/personal loans
Website design By BotEap.comHowever, these methods may be limited in number and/or require demanding qualifications. Worse yet, some methods require the use of YOUR money.
Website design By BotEap.comPersonal capital should be the last resort of any entrepreneur or investor.
Website design By BotEap.comHere’s a smarter option:
commercial credit with personal guarantee. This is the path of least resistance.
Website design By BotEap.com3 Reasons Why You Should Choose Personally Secured Business Credit:
Website design By BotEap.com1. Minimum qualifications
- Qualifying with a personal guarantee is easy. There are only 2 requirements: good personal credit and projected healthy income. Lenders want to know how well an applicant has managed their personal funds and whether the applicant can project substantial profits from their business products or services.
Website design By BotEap.com2. Fast transfer of funds
- Business credit refers to obtaining credit cards under your business entity. Financing with a personal guarantee is usually quick and hassle-free. There are no long waits or strenuous application processes. Remember how quickly loan decisions came back after you applied for personal credit cards? Business credit decisions work the same way. Some decisions are instant, while others take a little over a week.
Website design By BotEap.com3. NO attachments to your personal credit file
- As a business owner/investor, it is a good practice to keep your personal credit clean. A clean credit profile makes you an attractive business partner and an ideal loan candidate. The benefits of a great credit are endless; Fortunately, business credit allows you to maintain excellent personal credit while giving you access to the capital you need. Although you are personally guaranteeing the funds, business credit does not appear on your personal credit file unless you default. Making the required minimum payments is non-negotiable.
Website design By BotEap.comThe requirements for the commercial credit with personal guarantee are minimal; however, simply applying does not guarantee maximum funding. I suggest consulting an expert or a professional service. They should be able to help you qualify and secure maximum funding.
Website design By BotEap.comAlways evaluate the potential expenses that accompany your selected financing option before making any decisions.
Website design By BotEap.comRaising capital doesn’t have to be stressful or time consuming.
Website design By BotEap.comDon’t let onerous loans slow you down.
