Here are 3 money myths that kill entrepreneurs and business owners who are handicapped by their own beliefs:
i) interest rate is the most important factor in financing;
ii) the longer you have been with your bank/lender the more secure you are; or;
iii) borrow as little as possible.
If that is the case, then your company has very likely passed up numerous opportunities since the most important factor in this respect is the availability of money (not its cost) which is just another resource or tool your company should have to survive and grow.
At Bravo Financial, we understand no two businesses are alike, and that is why we look at each scenario individually to ensure that our clients get the financing that fits with their businesses goals and needs. By looking at each business on an individual basis (not as a credit score number), we are able to increase our client’s chances of business loan approval. As an independent commercial finance broker, we can provide a wide range of financing programs for business owners with limited credit history, bad credit, no collateral, tax liens, or those businesses that perform well but cannot show it with financial statements.
For more info on this topic. Check out this article from Entrepreneur Magazine:
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