Aged Corporation Secrets

I am sixteen and running my own business. It is registered in Ontario as a sole proprietorship. I can’t get credit because I am under the age of majority. If I had registered it as a corporation, would I be able to get credit? Since the company would be an entirely separate legal entity. You [...]

from Small business owners have credit lines pulled – BusinessWeek by John Tozzi Small businesses that have been recently profitable but are having trouble meeting debt payments can now apply for Small Business Administration-backed bridge loans to help. These loans are designed to keep otherwise viable companies from sinking because of “immediate financial hardship.” The [...]

from Small business owners have credit lines pulled – BusinessWeek by John Tozzi What’s the future of small business credit? We’ve been writing and thinking a lot about this lately. It’s a peculiar time: We’re in the middle of a recession that was incubated by several years of too-easy credit. When loose lending caught up [...]

By : Pamela Williams – When establishing a separate credit history for your business, does your personal credit matter? Does it make a difference whether or not you have good personal credit? As a business owner, why should you be concerned about your personal credit score? Your Personal Credit and Your Business As a new [...]

Too Many business owners are using their personal credit to finance the launch, expansion or growth of their business. A majority of business owners have no idea what business is or how to establish it. By following a few simple steps any business owner can establishing business credit, therefore, separating their personal credit from their [...]

Also, how long does it take to approve business credit lines and a short-term business loan? I know what the terms are and what you need to bring in with your application…I’m just not sure how long the process takes. Any advice will help. Thanks! if you gave them all the information maybe 24 -48 [...]

Statistics show that 94.7% of all small business owners feel their only financial resources are their local banks or personal credit cards… even though their local banks often require them to pledge their personal homes & land as collateral. Here are some tips that can help you with Business Credit Lines. First of all, getting [...]

I have excellent credit but am trying to establish business line of credit to fuel my RE investment business. Attended a brief seminar on the subject last night but not willing to pay $1,000 for the "package" that goes into detail. Can anyone point me to a website where I can learn the step-by-step details [...]

Many businesses are looking to get a loan. They soon realize they did not take the appropriate steps in order to attain that loan. For them, it is back to the drawing board or worse yet, folding. If you do not want to be one of those businesses, then you need to make sure you [...]

One of the leading causes of business failure is insufficient start-up capital. But the sad reality is banks rarely loan money to those that most need help. Instead, loans are more likely to go to businesses that have been in operation for two years or more and are profitable. An estimated 95 percent of entrepreneurs open [...]