Separate business records
Keep business income, expenses, account statements, and obligations organized. Prepare current financial reports and a realistic use-of-funds plan.
Build it step by step
Prepare for business credit.
Organize your finances before comparing financing options.
Understand what is reviewed
Lenders may consider revenue, time in business, existing debt, business credit, personal credit, collateral, or a personal guarantee. Criteria vary.
Review your reports
Use AnnualCreditReport.com for personal reports and review business reports through the relevant reporting agency when needed. Correct errors through the agency’s process.
Compare the full cost
Review interest, fees, repayment frequency, total repayment, guarantees, collateral, and consequences of missed payments. No identifier or credit score guarantees approval.