As a business owner, you are hardwired to enjoy greater risk than the average person. But enjoy the thrill of business and invest enough to be willing to take risks:
– Be persecuted by creditors?
– Register for bankruptcy?
– Denied a mortgage?
– Are you paying more than your fair share of interest on your loans?
– are you losing your house?
If you answered no to any of these questions, this may be the most important report you have read in a long time.
Because if you are like most of the business owners, investors, and entrepreneurs I’ve met in the past 28 years, you are at risk of facing all of these terrible problems.
And it’s all because of your business.
You see, entrepreneurs typically make one or more financially devastating mistakes in funding their business to start, run, and / or grow. In most cases, they don’t realize they are making a mistake.
And to tell the truth, even if you realize you are making a mistake … lull yourself into the thought that the consequences will be a little trouble.
Until one day they fail to qualify for a mortgage. Or, they may not get the perfect financing for the new car they are buying. Or they are persecuted by creditors and eventually have to file for bankruptcy.
And all because they use their personal finances to fund the start or expansion of their business. They then use personal credit cards to pay for business expenses. If you are in business or considering starting a business, a business loan is a must.
Let me explain, most business owners have no idea they can get business loans and even less know how to build business loans. If owners took the time to educate themselves about borrowing, they would no longer have to use their personal funds on seed capital or working capital.
They could also use business credit cards that are not listed on their personal credit reports, which will not lower personal credit scores.
However, the most important goal of business loans is to obtain unsecured business lines of credit that can be carried out once the business credit profile is properly set up. Once a company receives unsecured lines of credit, it has the working capital it needs to start a business or expand its business. The business owner is in control of the checkbook to use the business lines of credit as they see fit. Best of all, the lines of credit are not reported to the business owner’s personal credit report.
If you’ve set up your company profile correctly, there are a number of banks out there that provide credit to brand new start-ups. That’s right, a brand new start-up with no track record whatsoever. The banks will extend unsecured lines of credit so they have the seed capital they need to fund the business of their dreams.
Make no mistake about it, business loans are a MUST have for every business owner. Do not expose your personal assets to risk financing or fund your business!