If you’ve begun to look into financing for your small business, chances are you’ve started to think about your credit. For most forms of financing, a credit check will be run as a part of your application process.
While most traditional lenders may look into your business credit, if you’re considering alternative lenders or if you’re a new business without a lengthy financial history, your personal credit will definitely be included in the evaluation process.
The alternative commercial lending (funding) space has and continues to see significant change driven in part by greater access to data, new technology, improvements in existing technology.
It has also received a boost from the emergence of new capital providers that are willing to support funding companies that are using non-traditional models to access credit.
It’s usually bad news when your top talent walks out the door. That’s why any good employer understands that attracting and retaining good employees is important for maintaining a strong organization and work culture, because it’s the first step to building a team that will accomplish great work for your business.
Invoice factoring is a convenient business financing option that allows you to access funds trapped in your unpaid invoices.
It allows you to get advances on those unpaid invoices due in 30, 60, 90 days or more, giving you access to funds you need to manage and grow your business.