Fundability is the ability of a business to get funding. It essentially covers all the points a lender or credit provider will be looking at when they’re trying to figure out if you’ll pay back a loan or credit extended to you. These include factors you probably haven’t thought about or might think aren’t so important. But they are!
One of the most common reasons for loan and credit card application denials is the lender can’t easily locate a business online. The business name, address, etc. on your application should be the exact same as what’s listed online and with your Secretary of State. This even means hyphens and abbreviations. Inconsistencies spell fraud to lenders, no matter what your ethics and intentions are.
The Verizon Small Business Recovery Fund is new. It was established in response to the COVID-19 pandemic. The fund offers $10,000 to successful applicants. The fund is specifically focused on providing grants to business owners of color, women-owned businesses, and other underrepresented entrepreneurs.