Here are a few of the many things we learned when we spoke about the loan options of financing business growth:
- It’s best to start with your community bank or credit union first. They have a relationship with you and usually offer the best loan rates (C2C and WV want to help you become bankable).
- Before you apply for financing, pull your own credit report first and take care of an problems before you talk with a lender. This will avoid problems. Ask if the lender will do a hard pull on your credit report (if so, it may ding your credit score). For example, C2C only will do a soft pull that will not affect your score.
- An advantage of receiving a microloan from a place like WV is that you will also receive business consulting, too.
- For more details on this information, visit: https://www.connect2capital.
If you attended this session, what were your top take-aways?
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