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Business Loans – Startup Business Loans #bridge #loans


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Loans with Initial Lending Group

Congratulations, you have just taken your first step in achieving your financial goals! Here at Initial Lending Group (ILG) we are dedicated to helping you achieve what it is that you desire: financial security. Initial Lending Group specializes in unsecured business loans, start up business loans (less than 24 months in business), acquistion loans, and personal loans. ILG will help you obtain the maximum amount of funding available based on your qualifications, without shopping around and wasting valuable time. These are unsecured products which means that you do not have to risk any assets and, in most cases, do not have to provide any kind of documentation.

With our services you will benefit from our in-depth knowledge of the most aggressive lenders available for unsecured loans. Whether you are in need of business loans, start up business loans or personal loans, these can be utilized for any purpose and will not be monitored like traditional Small Business Administration (SBA) loans. SBA loans can be very costly and time consuming, taking away from profits. Initial Lending Group loans are based on your credit history and nothing else. With our program, you can get approved quickly and easily and receive the best rates in the industry.

Initial Lending Group is excited to show you just how easy it is to reach your financial goals. Call or click on the program most appropriate for your requirements. Our expert staff is dedicated and ready to help you get started. More on Business Loans

Startup Business Loans are for clients who either been in business for less than six months, have a home based business for less than two years or are just trying to get started.


Startup Loans for Entrepreneurs With Bad Credit #same #day #loan


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Startup Loans for Entrepreneurs With Bad Credit

Published August 02, 2011

You’ve heard the complaint before. Entrepreneurs say banks only want to lend money to people who already have a lot of money.

Now there is an alternative source of startup funding that most entrepreneurs with no credit or bad credit don t know about. Even better, the interest rates charged on these loans are usually much lower than standard credit card rates.

This is not a fantasy or a hoax, but a part of a world-wide movement that helps empower enterprising individuals to succeed in business.

The inspired concept of providing credit to startup entrepreneurs who normally would be turned down by commercial banks was advanced by 2006 Nobel Prize for Peace co-winners The Grameen Bank and Muhammad Yunus.

Today, microlending is a multi-billion dollar industry with active lending operations in Asia, South and Central America, Africa and North America. In the United States, microloan organizations provide loans as small as $500. With successful repayment and business progress, entrepreneurs can continue to borrow up to $35,000, again at favorable interest rates.

In addition to granting loans, most microlending organizations offer low cost or free business development training courses for prospective or active borrowers. Some larger organizations provide skilled coaches or help connect borrowers to business mentors with expertise in marketing, product development, accounting and sales.

From my work with microloan organizations, I know that too many loan requests are denied simply because entrepreneurs submit incomplete applications or have not yet thought through the specifics of their startup business.

Here are some tips to help you speed through the application process.

No. 1: Start simple. Startup entrepreneurs often take on too many new product or service initiatives all at the same time, which only increases capital demands and business risk. Pick one concept that you can sell quickly and at the highest profit margins. You can expand your offerings with business progress.

No. 2: Estimate your startup costs. Estimate how much money you will need to set up your operations, solicit first customers, produce your product or service, and process payments from customers. Be practical and detailed.

No. 3: Define the loan purpose. Make a list of how you will spend the loan proceeds. If you want to purchase equipment with a loan, detail the brand and cost. And yes, you can buy used equipment with loan proceeds.

No. 4: Prepare a business plan and projections. Not all microloan organizations require a business plan for loan approval; however every organization will ask you to prepare a monthly projection of your first year projected sales, costs and operating profitability. Your local microloan organization will then work with you to help you evaluate if your proposed business can afford to repay the loan.

No. 5: Know your target customer. There is a difference between a novelty item that briefly captures our attention in a store and something of value that customers are willing to buy. Expect microloan application reviewers to ask you why you think you can sell your product or service to prospective customers and how your company s pricing compares to competitors. These questions are not designed to intimidate or discourage entrepreneurs but help improve business planning.

Microloan organizations are excellent financing partners for first-time entrepreneurs who want to learn how to start a business within a supportive and friendly environment. Many cities are home to multiple microlending organizations so it is worthwhile for entrepreneurs to compare the loan support and education programs offered by different programs.

Here s one last business tip about microloans. From a tactical standpoint, a microloan is a low-cost and relatively easy way for entrepreneurs to repair a tattered personal credit history. Successful repayment of a small microloan can make it easier for emerging businesses to receive more credit in the future from vendors and large banks. This is how a small startup can accomplish big things in the future.

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Business Loans – Startup Business Loans #apply #for #a #loan #online


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Loans with Initial Lending Group

Congratulations, you have just taken your first step in achieving your financial goals! Here at Initial Lending Group (ILG) we are dedicated to helping you achieve what it is that you desire: financial security. Initial Lending Group specializes in unsecured business loans, start up business loans (less than 24 months in business), acquistion loans, and personal loans. ILG will help you obtain the maximum amount of funding available based on your qualifications, without shopping around and wasting valuable time. These are unsecured products which means that you do not have to risk any assets and, in most cases, do not have to provide any kind of documentation.

With our services you will benefit from our in-depth knowledge of the most aggressive lenders available for unsecured loans. Whether you are in need of business loans, start up business loans or personal loans, these can be utilized for any purpose and will not be monitored like traditional Small Business Administration (SBA) loans. SBA loans can be very costly and time consuming, taking away from profits. Initial Lending Group loans are based on your credit history and nothing else. With our program, you can get approved quickly and easily and receive the best rates in the industry.

Initial Lending Group is excited to show you just how easy it is to reach your financial goals. Call or click on the program most appropriate for your requirements. Our expert staff is dedicated and ready to help you get started. More on Business Loans

Startup Business Loans are for clients who either been in business for less than six months, have a home based business for less than two years or are just trying to get started.


How to Start a Business Online #how #to #start #a #business, #starting #a #business, #start #up #business, #business #startup


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How to Start a Business Online

Seven tried and true steps for attracting visitors to your site–and getting them to buy.

There is a proven sequence of steps you can follow to guarantee your success when you re starting a small business online. I ve seen thousands of people start and grow successful businesses by doing the following:

  1. Find a need and fill it.
  2. Write copy that sells.
  3. Design and build an easy-to-use website.
  4. Use search engines to drive traffic to your site.
  5. Establish an expert reputation for yourself.
  6. Follow up with your customers and subscribers with email.
  7. Increase your income through back-end sales and upselling.

Anyone, from newbie to seasoned online entrepreneur, can benefit from this process in learning how to start a business online.

Step 1: Find a need and fill it.

Most people who are just starting out make the mistake of looking for a product first, and a market second.

To boost your chances of success, start with a market. The trick is to find a group of people who are searching for a solution to a problem, but not finding many results. The internet makes this kind of market research easy:

  • Visit online forums to see what questions people ask and what problems they re trying to solve.
  • Do keyword research to find keywords that a lot of people are searching, but for which not many sites are competing.
  • Check out your potential competitors by visiting their sites and taking note of what they re doing to fill the demand. Then you can use what you ve learned and create a product for a market that already exists–and do it better than the competition.

Step 2: Write copy that sells.

There s a proven sales copy formula that takes visitors through the selling process from the moment they arrive to the moment they make a purchase:

  1. Arouse interest with a compelling headline.
  2. Describe the problem your product solves.
  3. Establish your credibility as a solver of this problem.
  4. Add testimonials from people who have used your product.
  5. Talk about the product and how it benefits the user.
  6. Make an offer.
  7. Make a strong guarantee.
  8. Create urgency.
  9. Ask for the sale.

Throughout your copy, you need to focus on how your product or service is uniquely able solve people s problems or make their lives better. Think like a customer and ask What s in it for me?

Related Book: Write Your Business Plan by The Staff of Entrepreneur Media, Inc.

Step 3: Design and build your website.

Once you ve got your market and product, and you ve nailed down your selling process, now you re ready for your small-business web design. Remember to keep it simple. You have fewer than five seconds to grab someone s attention–otherwise they re gone, never to be seen again. Some important tips to keep in mind:

  • Choose one or two plain fonts on a white background.
  • Make your navigation clear and simple, and the same on every page.
  • Only use graphics, audio or video if they enhance your message.
  • Include an opt-in offer so you can collect e-mail addresses.
  • Make it easy to buy–no more than two clicks between potential customer and checkout.
  • Your website is your online storefront, so make it customer-friendly.

Step 4: Use search engines to drive targeted buyers to your site.

Pay-per-click advertising is the easiest way to get traffic to a brand-new site. It has two advantages over waiting for the traffic to come to you organically. First, PPC ads show up on the search pages immediately, and second, PPC ads allow you to test different keywords, as well as headlines, prices and selling approaches. Not only do you get immediate traffic, but you can also use PPC ads to discover your best, highest-converting keywords. Then you can distribute the keywords throughout your site in your copy and code, which will help your rankings in the organic search results.

Related Book: Ultimate Guide to Pay-Per-Click Advertising by Richard Stokes

Step 5: Establish an expert reputation for yourself.

People use the internet to find information. Provide that information for free to other sites, and you ll see more traffic and better search engine rankings. The secret is to always include a link to your site with each tidbit of information.

  • Give away free, expert content. Create articles, videos or any other content that people will find useful. Distribute that content through online article directories or social media sites.
  • Include send to a friend links on valuable content on your website.
  • Become an active expert in industry forums and social networking sites where your target market hangs out.

You ll reach new readers. But even better, every site that posts your content will link back to yours. Search engines love links from relevant sites and will reward you in the rankings.

Related Book: No B.S. Trust-Based Marketing by Dan S. Kennedy and Matt Zagula

Step 6: Use the power of email marketing to turn visitors into buyers.

When you build an opt-in list, you re creating one of the most valuable assets of your online business. Your customers and subscribers have given you permission to send them email. That means:

  • You re giving them something they ve asked for.
  • You re developing lifetime relationships with them.
  • The response is 100 percent measurable.
  • Email marketing is cheaper and more effective than print, TV or radio because it s highly targeted.

Anyone who visits your site and opts in to your list is a very hot lead. And there s no better tool than email for following up with those leads.

Step 7: Increase your income through back-end sales and upselling.

One of the most important internet marketing strategies is to develop every customer s lifetime value. At least 36 percent of people who have purchased from you once will buy from you again if you follow up with them. Closing that first sale is by far the most difficult part–not to mention the most expensive. So use back-end selling and upselling to get them to buy again:

  • Offer products that complement their original purchase.
  • Send out electronic loyalty coupons they can redeem on their next visit.
  • Offer related products on your Thank You page after they purchase.

Reward your customers for their loyalty and they ll become even more loyal.

Related Book: No B.S. Guide to Maximum Referrals and Customer Retention by Dan S. Kennedy and Shaun Buck

The internet changes so fast that one year online equals about five years in the real world. But the principles of how to start and grow a successful online business haven t changed at all. If you re just starting a small business online, stick to this sequence. If you ve been online awhile, do a quick review and see if there s a step you re neglecting, or never got around to doing in the first place. You can t go wrong with the basics.


A Guide to Business Startup Loans for Women. #compare #payday #loans


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A Guide to Business Startup Loans for Women

A number of government agencies, non-profits and professional organizations offer business startup loans to women in an attempt to foster good relationships, create jobs and stimulate the economy. To truly understand the requirements of outside organizations, individuals have to acquaint themselves with the types of financing available to new entrepreneurs .

Offering advice and counseling for free, places like the Small Business Association, or SBA, and the Association of Women’s Business Centers provide training as well as put women into contact with sources of funding for their startups. Despite needing to meet specific criteria, women worldwide can qualify for business grants and unsecured business loans.

Qualified women can borrow money for their businesses in the following ways:

Secured Business Loans

Collateral is put up by the receiver of the loan in an effort to protect the lender’s investment. If the recipient defaults on the loan, the bank can seize the item, commonly real estate, as a form of repayment.

Unsecured Business Loans

No prevention measures are taken to protect the lender but the interest rate is higher than a secured loan. This type of funding is given to women with a solid financial background and exemplary credit history.

Small loans are given to start-up businesses and have a very specific timeframe for repayment. The average loan size is $13,000, but startups can request up to $35,000 from intermediaries that are approved by the SBA.

Available through local and state programs as well as non-profits, grants must be matched by the entrepreneur or combined with other means of funding like a loan.

Requirements That Must be Met to Attain a Loan

    Good Personal Credit. Business owners need to know a thing or two about managing money before starting out on a venture of their own. A Solid Business Plan. A roadmap highlighting possible successes and failures, not to mention a clearly stated plan of action, gives investors a way to measure a start-up’s staying power. Work Experience. Past opportunities can help entrepreneurs cultivate the skills needed to be a successful business owner. An Educational Background. Related coursework will strengthen a small business. Proof That the Business Has Longevity. Researching competitors and giving direct examples regarding risks and profits is one way that women can help their chances of being approved for business startup loans.

Where to Find Additional Information

    The Small Business Association (SBA) has local chapters throughout the United States. Workshops, pamphlets and podcasts make it easy for women to get the information that they need regarding funding for their start-ups. WomenBiz.Gov caters to women who use their businesses to sell to the Federal Government. Easy-to-navigate and full of useful information, start-up businesses stand a better chance of succeeding with federal contracts after visiting the agency’s website.

Securing finances for their start-ups is one way that women can keep afloat amongst their competition. From unsecured business loans to private grants, funding is available to those entrepreneurs who are willing to ask for it.


Startup business loans #student #loan #consolidation #calculator


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Startup business loans

Get a startup business loans can some time be the hardest part of starting a business. You may have a strong product or service, great business plan, and many other advantages, however if you can get the capital needed to execute your dead in the water.

For free help obtaining a startup business loan, apply now >

Who offers startup business loans?

Well many sources most people start by looking at the small business administration or SBA however because they receive so many applications it can often be difficult to get noticed. When looking for startup business loans many people target individual investors and wealthy people they know. Getting a startup business loan from a friend or contact can be difficult. They may not understand your business model or it may be more trouble that it s worth. There are so many other venture capital firms and seed funding groups available you though. Startup business loans are one of the most complex ares within the business finance sphere. Venture capital firms are often hard to get in touch with, many of the most prominent firms also do not offer startup business loans. Some only offer startup business loans for special circumstances, based upon growth capability and there knowledge of your particular market. This is why it s almost always necessary to get help finding capital especially if you have never raised capital previously.

Where can I apply for a startup business loan

Well finding places to apply for a startup business loan is easy. The main downside to mass application is huge amounts of personal credit inquiries. Therefore every denial makes getting an approval more and more difficult. This is because large amounts of credit inquiries negatively affect your personal credit score. Business startup loans often look at your personal credit in conjunction with dissecting and evaluating risk for the business. This is why its tricky. Regular business loans for an existing company look at the credit worthiness of the business. Things like how long have you been in business, annual revenue, stability, so on and so forth. When your pursuing a startup loan there s no way of judging the credit worthiness of a company. Mainly because its newly formed or not formed at all. This is why almost all startup business loans take into account your personal credit. They may or may not ask you to personally guarantee your business loan however they will in most case still look at your credit score.

Are there startup business loans for people with bad credit

Yes, there are options. However because of the risk involved and the extremely high demand for this sector of funding locating a viable option for your startup business funding may be quite difficult. This is why many people pay for a loan placement firm to find their startup business funding, however we oppose ever paying for any loan placement fees. This service should always be free, or at worst on a contingency basis. 1 Call Loans is one of the very few options for someone looking for free help finding funding. Getting the initial investment and business financing to get your business off the ground can seem daunting on your own. This can even seem more difficult if you have bad credit. That s why where here to help!

So you ll help me get a startup business loan for free

Yes, we are an absolutely free service! Simply apply now on the upper right hand corner. We will take a look at your business sector and personal situation and then match you to the business finance option most suited to your needs. This keeps you from filling out endless applications with no results. That keeps you from damaging your personal credit score and gets you the money you need much faster. Why waste your time when a trained professional will hold your hand and walk you through the entire process of getting business funding step by step.

Once I get my startup business loan what types of expenses can I use it for

Anything that you business needs, business financing is there to give you the capital to get started.


Free small business loan quotes – small business loans for startup capital – expansion or acquisition pricing #car #loan #refinance


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Marilyn C – Small Business Owner

Small Business Loans: A Quick Guide

Having a clear vision of your business and the funding you will need is essential for getting your small business loan approved. Once you can define what type of loan and repayment plan will be best for you, finding funding for your small business shouldn’t be too big of a problem.  But first it is important to compare the types of small business loans available and choose the right one for your situation.

Types of Small Business Loans

The type of loan you choose to take out will depend on the amount you need to borrow, the length of the repayment term, the frequency of payments, and if you require a loan for specific purchases or investments.

  • SBA loans are loans granted to small businesses that are backed by a specific set of government guidelines. According to SBA Loan Stats, these types of loans include 504 loans for expansion and refinancing, 7(a) longer term loans for up to $1 million, and mirco loans for small business owners. SBA 504 approval volume grew 39% or $1.9 billion in 2011.
  • Lines of Credit can be used to finance your small business as a type of business loan. Credit lines should only be used for relatively small purchases, however, and should be paid back regularly to avoid credit card debt. Revolving lines of credit automatically renew once the amount is paid in full.
  • Specialized loans can be granted for specific types of purchases such as equipment financing, agricultural expenses, or construction or real estate financing.

Getting Your Loan Approved

Your personal credit is the first benchmark a financial institution examines when deciding how much of a risk your loan would be to finance.

Make sure your personal finances are in order before approaching a lender by paying off old debts and getting your FICA score up, so that you can get the best rate possible. Be sure to get your credit report from at least three major online credit score providers, and be sure they don’t contain any errors or inconsistencies.

Your business plan should be well written and you should have a thorough understanding of its contents. A lender wants to lend to someone who is not only knowledgeable, but also passionate about their business venture. Knowing your business plan gets both of these points across. Be sure to include a detailed summary of what you intend to spend each dollar of the loan on, and how you are planning to pay off the loan through revenue. Include relevant projections and detail about how you will save for when the market isn’t as strong.

Don’t give up! Just because you get rejected once for your business loan, doesn’t mean someone won’t give you the money eventually. Small bank lending approvals were at  47.4% in July 2012 and alternative lenders approved 64.5% of loan requests according to Biz2Credit Small Business Lending Index. Ask for the specific reasons why you were turned down and adjust your pitch your future meetings.

Questions to Ask Yourself

  • What is my personal credit score? If you’re not sure, you should get a free credit report with one of our qualified reporting vendors and find out. You may need to do some cleaning up before applying for a loan for your business.
  • Do I have a plan? Make sure you can provide a complete business loan to present to the lender that includes all of the details about your business.
  • What repayment terms am I comfortable with? Make sure you know your limits and what you are able to repay per month.

Some loan options to consider include auto loans  and equipment loans .


SBA Loans for Your Startup #unsecured #loans #bad #credit


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7 Desires That Drove Me Out of 9-to-5 Banking and Into Entrepreneurship

Despite what you might see on late-night infomercials or some websites, none of the SBA s loan programs involve free money, government grants or no-interest loans. In fact, the SBA doesn t even lend funds directly to entrepreneurs–you ll need to strike up a relationship with a loan officer at your local bank, credit union or nonprofit financial intermediary to access the programs.

But once you do, there s an array of resources aimed at getting you the capital you need to start or expand your small business. Last year, more than $50 million in SBA loans were being provided per day to U.S. small businesses. For this month s column, I thought I d review the latest descriptions and eligibility criteria for the SBA s three most popular loan programs.

7(a) Loan Program

The 7(a) is the SBA s most popular loan program. As a small-business owner, you can get up to $750,000 from your local 7(a) lender, backed by a partial guarantee from the SBA. Note that the SBA is not lending you any money directly. What they are doing is making it less risky for a local lender to provide you with financing. 7(a) loans are typically used for working capital, asset purchases and leasehold improvements. All the owners of a business who hold an ownership stake of 20 percent or more are required to personally guarantee the loan.

Once your lender decides that 7(a) money is what you need, you ll probably start hearing the names of the different 7(a) programs. For example if you re borrowing less than $150,000, you may be headed toward the Lowdoc program, which was created in 1993 to reduce burdensome paperwork. A Lowdoc loan application is a one-page form; your application is on one side and the lender s request to the SBA for the guaranty for your loan is on the other. The SBA responds to Lowdoc applications within 36 hours.

The SBA Express is a program for lenders with a good SBA-lending track record. It s aimed at getting money–in this case, as much as $250,000–quickly into the hands of entrepreneurs. Based on the success of the SBA Express program, the SBA initiated CommunityExpress, specifically designed to improve access to capital for low- and moderate-income entrepreneurs and to provide both pre- and post-loan technical assistance.

Eligibility: The eligibility criteria for the 7(a) program are the broadest of all the SBA loan programs, but they re still quite restrictive for startups and businesses related to financial services. See this page on the SBA s website for a list of the types of business that are eligible. In general, all SBA programs are targeted at small companies (that is, businesses with less than $7 million in tangible net worth and less than $2.5 million in net income), but typically most banks won t lend to startup businesses that don t have two to three years worth of financial statements and some owner s equity in the business. Some banks will allow you to use money from relatives as part of your equity, but you re required to formalize these small business loans with a repayment plan that s subordinate to the bank debt.

504 Loan Program

The 504 loan program is intended to supply funds for asset purchases, such as land or equipment. Typically, the asset purchase is funded by a loan from a bank or other lender in your area, along with a second loan from a certified development company (CDC) that s funded with an SBA guarantee for up to 40 percent of the value of the asset–which is generally a loan of up to $1 million–and a contribution of 10 percent from the equity of the borrower. This financing structure helps the primary lender–the bank–reduce its exposure by relying on the CDC and the SBA to shoulder much of the risk.

Eligibility: Like the 7(a) program, the 504 program is restricted to small businesses with less than $7 million in tangible net worth and less than $2.5 million in net income. However, since funds from 504 loans can t be used for working capital or inventory, consolidating or repaying debt, or refinancing, this program tends to exclude most service businesses that need to purchase land or equipment. Personal guarantees are also required for 504 loans.

7(m) Microloan Program

The Microloan program is presently under budgetary review, and the political winds aren t currently blowing in its favor. The program is intended to provide small loans of up to $35,000 that can be used for a broad range of purposes to start and grow a business. Unlike the 7(a) program, the funds to be loaned don t come from banks; rather, they come directly from the SBA (now you know why it s unpopular with the folks in charge of the budget) and are administered to business owners via nonprofit community-based intermediaries. To find the name of an intermediary micro-lender in your area, visit this page of the SBA s website.

Eligibility: The Microloan program is startup friendly. All new businesses are eligible to apply. Although the maximum loan amount is $35,000, the average loan is approximately $10,000. The only catch is that Microloan borrowers typically have to enroll in technical assistance classes administered by the micro-lender intermediaries. For some entrepreneurs, this is a very helpful resource that provides cost-effective business training. Others, however, perceive it as a waste of time, although it s a necessary pre-condition to getting a Microloan.

Although I promised reviews of just the three top SBA loan programs, I didn t want to fail to mention two other special purpose loan programs targeted at serving particular types of businesses. The Export Working Capital Program provides short-term working capital to small, export businesses, and the DELTA program provides both financial and technical assistance to help businesses dependent on defense installations transition to civilian markets. You can log on to the SBA s website to learn more about these two programs.

The long and short of it is, if you need small-business loan capital, there s probably an SBA program out there for you.


Startup Business Financing #get #a #loan #with #bad #credit


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Get a loan

Startup Business Financing

$5,000 $500,000

A business that has been in existence for less than 2 years is typically considered to be in its Startup phase. During this time it is usually difficult to find the correct lender that will issue your business the funds it needs to start, expand and grow.  Applying at the wrong institution for startup capital could hurt your chances for being approved.  Working with Go2Capital you will have access to the correct financial institutions that fund startups.

Businesses use start up financing for a variety of reasons including: purchasing hardware, paying for services, buying new or updating software, working capital, equipment, payroll, consolidation, etc. This financing is offered without providing any tax returns and not requiring large amounts of money in the bank.  Establishing the correct business credit profile by obtaining financing as a start up is essential for your long term financial goals.


Startup Business Financing #same #day #cash #loans


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Get a loan

Startup Business Financing

$5,000 $500,000

A business that has been in existence for less than 2 years is typically considered to be in its Startup phase. During this time it is usually difficult to find the correct lender that will issue your business the funds it needs to start, expand and grow.  Applying at the wrong institution for startup capital could hurt your chances for being approved.  Working with Go2Capital you will have access to the correct financial institutions that fund startups.

Businesses use start up financing for a variety of reasons including: purchasing hardware, paying for services, buying new or updating software, working capital, equipment, payroll, consolidation, etc. This financing is offered without providing any tax returns and not requiring large amounts of money in the bank.  Establishing the correct business credit profile by obtaining financing as a start up is essential for your long term financial goals.