Friday, October 05, 2007

Personal credit scores important for loans: SBA

Small Business Administration's Office of Advocacy's latest study has demonstrated that more than personal credit histories and sound (and safe) business plans, banks are advised to lend loans to small and mom-pop businesses that had positive business and personal credit scores.

This is a good news for new start up entrepreneurs, now without range of hassles and expenses (and cajoling) they can take strategical action to maximize their borrowing power.

I don't have much faith in companies who in lieu of payments boost your credit score. That's inorganic.

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