See Also: Working Capital Angel Investor Venture Capitalists Why Venture Capital Mezzanine Debt Financing The Dilemma of Financing a Startup Company I had a meeting the other day with a prospect named Chris. Chris owns a distribution company he started fifteen months ago from his home. He has grown his company to annual revenues in
Personal Credit for Commercial Loan Personal credit for commercial loan is generally more important in obtaining a loan when the size of the company is small and/or the owner(s) make most, if not all, significant business decisions. This is due to the potential for an individual’s approach to business to mirror how they conduct their personal financial
See Also: 5 Cs of Credit What are the 7 Cs of banking Line of Credit Credit Rating Agencies How Important is Personal Credit in Negotiating a Commercial Loan? Dilemma of Financing a Start Up Company Improve Your Credit Score In another article, I told you about Chris’ dilemma with his poor credit score in
Often business owners go to great lengths to pay the company’s bills on time. Often at the expense of their not taking a salary. When cash is tight which is more important; your company credit rating or your personal credit rating and why? Personal Credit: How Important For Business Loans? Bankers don’t like it but
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