Funding

It can be difficult to figure out how to get as startup business loan if you don’t have good credit, collateral, or cash flow. Here are some tips, including one few know about, that can help you get the funding you need to get your business up going strong.

For a trucking business that has poor cash flow, an enormous truck loan can end up being a millstone around the business owner’s neck. This is one reason why lenders want to see bank and cash flow statements.

Have you ever heard of a credit line hybrid? Most haven’t. However, if you have okay personal credit, you could be missing out on this awesome form of business funding.

There are three types of term loans. Rather unimaginatively, they are called short-term loans, intermediate-term loans, and long-term loans.

Credit lines and other types of business credit can be a real lifeline during inflation, helping businesses stay afloat and even grow.

A guarantor on a credit card account is a person who signs an agreement to pay off a loan for someone else if that someone else defaults. It is similar to co-signing; in that it is a technique often used among family and friends to let a person with good credit vouch for a person with new credit or bad credit to get a loan.

If you are a trucking driver, we can meet you where you are. Whether it’s just you driving or you have multiple drivers, Credit Suite can help you get the business credit you need.

It is hard to find funding for your business when you don’t know what your options are. Your fundability affects which options are actually available to you.

The SBA is well-known for needing a lot of documentation before they will loan a small business any money. But they will want even more if you want to get a loan from them to purchase a going concern.