Getting A Business loan

  What you need to know about personal credit reports, business credit reports, and how they affect your ability to get a business loan!


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Falcon Capital Solutions


747-224-9726

Are you applying for funding for your business, or looking for a line of credit? Did you know that your business credit scores as well as your personal reports may be pulled when you apply for a business loan?  Do you know what your credit reports says about you?  Is it Good?  Or Bad?

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For many business owners, applying for funding or a business line of credit, represents uncharted territory.  Many owners struggle amid a sequence of poor decisions or will choose not to apply for funding simply because they don't understand the process or the impact of applying for a business loan.  Unfortunately, those business owners simply deny themselves the opportunity to access funding that could help their business grow and prosper.  At Falcon Capital Solutions, we want to make the process of understanding scoring easier and less troubling.  Although, we're principally talking about business credit scores, be aware that if you're a small business owner, your personal credit score is every bit as important as your business credit score.  Especially in the early stages of starting and operating your business.  A time when securing funding can be most critical.  It's important to monitor your personal credit score (as well as your business score) and you can do that with any one of the three major credit bureaus: Experian, Transunion, and Equifax.  On the business side, most people are familiar with Dunn & Bradstreet, but small business owners are frequently unaware that Equifax and Experian are reporting bureaus for businesses as well.  In other words, as a small business owner, it's likely that you actually have two Experian and Equifax reports.  It's important that you understand and monitor what is in each of them.  The good news -  For a small fee, you can now have access to the information every creditor uses to evaluate your credit from all reports, all in one convenient place.  You'll also be able to view any information that negatively reflects on your credit score.  Naturally, It's critical to know what your reports say about you and your business.  If there's anything in your report that is incorrect, you need to know about it before you can fix it.  You don't want to wait until you need business funding to find out that your report is inaccurate and will require valuable time to repair. Most inaccuracies can be removed rather quickly.  However,  if you have valid negative information in your report it can take more than 6 months to see any improvement.  


Why is this information so important?  Your report is a reflection of you and your business and a means by which most lenders evaluate your ability and willingness to repay your debts in a timely fashion.  In most cases, lenders will decide whether to lend you money and how much they will charge you for the use of the money based upon their assessment of your report and the collateral you offer against the loan.  If your report is inaccurate or reflects poorly on you, there's a chance you will be turned down for your loan or pay more for the loan than you need to.  Here's where Falcon Capital Solutions can help get you pointed in the right direction.  We want to see your business succeed and we make a business out of finding funding solutions and generating business loans. We like to see this process go as smoothly as possible. That's why we have partnered with  Nav- a leading provider of personal and business credit monitoring and protection. 


Follow this link to see the many valuable services they provide and  how you can take advantage of these tools and information to view, protect, and monitor your credit reports:


Click Here - Nav   


For those borrowers with challenging credit histories, Falcon Capital Solutions can put you in touch with a leading credit repair agency to help you correct inaccurate or negative information on your report.   Please complete the short contact form below and let us know how we can assist your business in obtaining the funding solution you desire.



  





























Take the next step to your financial future and call us today.

Contact us and one of our financial specialists will give you a no-cost analysis of what we can provide for your company.