The Small Business Administration web site has a wealth of resources, including online tutorials and other helpful resources that will lead you in the right direction for success. http://www.sba.govTheir free online training center http://www.sba.gov/services/training/onl�� has a section on how to prepare a loan package that you should check out.http://web.sba.gov/sbtn/registration/ind��
Hello,It will be extremely challenging to find a bank if your credit score is less than 640. But there is a lot more to business lending than just banks!First, you have to separate your personal credit from your business credit. Your business credit score is very similar to your personal score with the exception that it is in no way connected to your Social Security number. Smaller community lenders, equipment leasing companies, specialty lenders tend to focus on a combination of business and personal credit scores. After you have obtained a tax ID number and a legal entity for your business, you are ready to start building your business s credit. Then you can become qualified for vendor and supplier small credit lines. Hope this helps. To learn about getting your finances in order before starting your business, visit our website!---Brad
