how to establish business creditt in 90 Days Author: Paul D. McDonald, MBA Business Credit--every small business needs it at some point in time. Unfortunately, the age-old rule so often seems to be true--the only way to qualify for a loan is to prove that you don't need it. But that isn't necessarily the case... here are some simple strategies that will help any small business move toward a good, strong credit relationship with a bank. Be a Good Customer of Your Bank Remember that if you apply for a business loan at a bank where you have your business checking account, the first thing that the loan officer will do is call up your checking history. If it is constantly in a state of overdraft or is very low, they are unlikely to consider a loan proposal any further. However, if your account shows a regular inflow of cash from many customers, that is much more appealing to a loan officer.
Wednesday, February 6, 2013
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