Amazines Free Article Archive
www.amazines.com - Thursday, December 03, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133434)
 Advice (161175)
 Affiliate Programs (34757)
 Art and Culture (73748)
 Automotive (145650)
 Blogs (75231)
 Boating (9844)
 Books (17221)
 Buddhism (4128)
 Business (1329027)
 Business News (426382)
 Business Opportunities (366354)
 Camping (10967)
 Career (72752)
 Christianity (15849)
 Collecting (11638)
 Communication (115068)
 Computers (241942)
 Construction (38921)
 Consumer (49685)
 Cooking (17068)
 Copywriting (6653)
 Crafts (18205)
 Cuisine (7544)
 Current Affairs (20419)
 Dating (45889)
 EBooks (19696)
 E-Commerce (48224)
 Education (185303)
 Electronics (83507)
 Email (6407)
 Entertainment (159839)
 Environment (28927)
 Ezine (3039)
 Ezine Publishing (5451)
 Ezine Sites (1550)
 Family & Parenting (110929)
 Fashion & Cosmetics (196424)
 Female Entrepreneurs (11847)
 Feng Shui (131)
 Finance & Investment (310448)
 Fitness (106332)
 Food & Beverages (62917)
 Free Web Resources (7940)
 Gambling (30223)
 Gardening (25151)
 Government (10533)
 Health (629687)
 Hinduism (2206)
 Hobbies (44055)
 Home Business (91582)
 Home Improvement (251106)
 Home Repair (46178)
 Humor (4832)
 Import - Export (5453)
 Insurance (45105)
 Interior Design (29585)
 International Property (3485)
 Internet (191008)
 Internet Marketing (146481)
 Investment (22849)
 Islam (1167)
 Judaism (1356)
 Law (80455)
 Link Popularity (4595)
 Manufacturing (20858)
 Marketing (99002)
 MLM (14136)
 Motivation (18221)
 Music (27012)
 New to the Internet (9496)
 Non-Profit Organizations (4048)
 Online Shopping (129631)
 Organizing (7805)
 Party Ideas (11853)
 Pets (38069)
 Poetry (2234)
 Press Release (12683)
 Public Speaking (5635)
 Publishing (7528)
 Quotes (2407)
 Real Estate (126636)
 Recreation & Leisure (95398)
 Relationships (87678)
 Research (16171)
 Sales (80337)
 Science & Technology (110257)
 Search Engines (23488)
 Self Improvement (153227)
 Seniors (6236)
 Sexuality (35949)
 Small Business (49284)
 Software (83015)
 Spiritual (23475)
 Sports (116093)
 Tax (7659)
 Telecommuting (34067)
 Travel & Tourism (307869)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11748)
 Website Design (56838)
 Website Promotion (36596)
 World News (1000+)
 Writing (35790)
Author Spotlight
ELLISEN WANG

I'm Ellisen, nice to meet you! Obviously you're here because you want to know who I am. Wel...more
PUSHPA SRIVASTAVA

Pushpa Srivastava is an SEO strategist that helps online business owners figure out how to grow thei...more
CACEY TAYLOR

Im just a man who likes to be happy and see others happy. Im into home business, sports, family, and...more
ELLIOT CHANG

Financial analyst and author writing on economy and business. ...more
AVINASH KABRA

Avinash Kabra is a young & dynamic Technopreneur, Digital Marketer, Blogger, Foodie and Travel Enthu...more


How to get Small Business Loans despite Bad Credit by Bruce Markey





Article Author Biography
How to get Small Business Loans despite Bad Credit by
Article Posted: 09/19/2014
Article Views: 166
Articles Written: 326
Word Count: 658
Article Votes: 0
AddThis Social Bookmark Button

How to get Small Business Loans despite Bad Credit


 
Finance & Investment
The secret of getting ahead in life is getting started. And this is no exception on starting a business as well. Years of planning and preparation, hundreds of discarded ideas and countless number of sleepless nights… all of these go in vain when a budding business idea fails to establish itself due to lack of funding or a strong financial backup. It is rather a shame that brilliant ideas like these never come to light because of a bad credit history. Having a bad credit history or no credit history at all naturally fails to convince traditional lenders such as banks, leading to denial of business loans. Many people make the mistake of investing all their personal savings and investments in their business and only realize that they have put their personal lives into jeopardy when these businesses fail. So is there any option left for these people other than just giving up on their dreams of starting a successful small business? Is there any alternative to improve one’s bad credit history and gain the confidence of money lenders? ‘Yes’ say financial experts. There is always a chance to qualify for small business loans despite having bad credit history, provided all the guidelines mentioned below are followed and hopes are never given up!

• Before making the lender understand your business, understand it yourself first. Roll out the plans for your project and decide if you are going to be the sole proprietor of your small business or is it going to be a joint venture.

• Create a business plan. How are the profits going to be made and how are you planning to repay the loan? What are the financial requirements of your small business and what are the utilities it needs? Plan everything you need and chuck everything you don’t before quoting your amount. The amount you quote and your credit history should have a reasonable rapport.

• Decide what entity you want to call your business as, a corporation or an LLC (Limited Liability Company). Educate yourself on both the structures and compare their advantages and disadvantages. Take ownership issues, taxing, sharing of profits and repayment into consideration while taking this crucial step.

• Take assistance of people who have experience in getting a small business loan with bad credit before filling out the numerous credit application forms that might seem exhausting to handle all alone.

• Get a tax-ID number and a D-U-N-S number that is very much needed while starting a legitimate business.

• The most important factor while approaching a lender for a small business loan is creating a good impression and showing an improvement in your credit history. Ensure you have a good credit score and there are no unpaid bills or cases of bankruptcy. A good impression is created only when you maintain a good personal image in the society. This assures the lender that you are capable of repaying the loan and wouldn’t just let your business face loss or foreclosures.

• To gain more confidence from the lender, provide collaterals and personal references, which signify that there are alternate ways the lender can expect a repayment from, even if your small business must fail.

The above mentioned points are just a brief on what could be done to successfully qualify for a small business loan despite having a bad credit and is not a comprehensive list. We hope you do more and more research before you apply for the loan and successfully get the approval to start your dream business. All the best!

Business Funding Makeover is a business credit building company that helps small businesses get a corporation or LLC filed and makes them qualified for loans even with bad credit small business loans by helping them build a good credit history. To know more on getting small business loans, visit Wikihow.com.

Related Articles - Bad, Credit, Small, Business, Loans,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


PAUL RICE

hello everyone l been on the net since 2000 and enjoy my work l work as an affiliate and also have w...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
JASON NG

Jason Ng has a huge passion for the health and fitness industry as he strongly believes that having ...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
DAMIAN POWELL

Demonstrated exceptional leadership in the government and private sector at an executive level. Skil...more
XTAGE XIXTEEN

My name is Kingsley Chihozie. Am from the western part of Africa, Nigerian. Am a graduate of Abia St...more
CHRIS BURTON

I am an International Corporate Consultant specialising in the bespoke formation of offshore compani...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license