Credit and Finance, Hints and tips
Be more confident when applying for business credit
Posted on by Kagiso Mangoale
Estimated read time: 2 mins
Would you like to know your chances of being accepted for a business loan, before you apply?
Checking your business credit profile before you make your application, enables you to see if there are any reasons why your application may not be accepted. You’re able to determine that your report is correct, up-to-date, and is showing your business in the best possible light… And if it isn’t, you’ll know what the key factors are that you need to work on to improve your score.
Taking control of your credit position is one of the most effective ways to maximise your business’ chances of securing investment. Optimising your credit position increases your choice of funding options, enabling you to take advantage of the rich range of finance on offer; from bank loans and the government’s and Bank of England’s Funding for Lending scheme, to more alternative options such as invoice factoring, crowdfunding and ‘peer-to-peer’ finance.
Gain a better understanding of business credit
Choose from the following questions:
· How can I improve my business credit score?
· Why should I separate business credit from personal credit?
· I was denied a business loan, because of bad credit. What could be impacting my score?