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Small Business Loan Prep 101: Keep an Eye on your Credit Score!

Lenders look for the credit score, an asset in the business, time in business, tax return documents, and financial statement before providing you with any financial assistance. Primarily, letu2019s shed light on the basics of the credit score, on its importance and how to keep track of it. To learn more visit Merchant Advisors blog site https://www.onlinecheck.com/blog/business-loans/small-business-loan-prep-101-keep-an-eye-on-your-credit-score/

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Small Business Loan Prep 101: Keep an Eye on your Credit Score!

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  1. SMALL BUSINESS LOAN 101 KEEP AN EYE ON YOUR CREDIT SCORE! www.onlinecheck.com

  2. Take out a Home Based Business Loan • To purchase equipment • To provide the best customer service • Pay the expenses for operational needs • Remodel house to make space for your office

  3. Credit score is a numerical figure that allows the lender to assess your financial capability to pay back the loan on time.

  4. Know that a business credit score ranges from zero to 100.

  5. A personal credit score ranges from 300 to 850.

  6. Why is the credit score given so much importance?

  7. A ‘good’ credit score allows you to enjoy the business loan at an affordable rate and flexible payment terms. Secondly, it gives you access to a multitude of the small business loan without any collateral.

  8. A business credit score under surveillance! • Bank of America Premium Rewards Credit card • Ink Business Cash Credit Card • Ink Business Preferred Credit Card • The Business Platinum Card from American Express • Capital One Spark Cash • Capital One Venture Rewards Credit Card Makeup Artist

  9. In order to see your business credit score, you have to contact these three reporting agencies.

  10. Head over to Merchant Advisorswebsite @onlinecheck.com toapply for business line of credit to recover your credi score

  11. GET IN TOUCH Phone (833) 827-4412 E-mail info@merchantadvisors.com Address 9-5 Novelty Lane Suite B Essex, Ct 06426 Social @onlinecheck

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