7 things you need to get a Business Loan Approved.
1. Pick a Favorable SIC/NAICS CODE.
2. Add the description of the business into the business
name.
3. Use a C-corp. structure because most lenders and
investors prefer this structure.
4. Have a strong 680+ credit score to use as a personal
guarantor
5. Have a Strong Business Credit Rating
6. Have a Paydex Score of 80+
7. Have a good Business Bank Rating.
Building the foundation of your business is critical to the longevity of your business.
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