Before you go get a loan

March 20, 2007 | Author: Eve Lester | Filed under: Business Advice, Money Matters

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Many of us have though about it; How hard would it be to get a business loan? Even just a small one for some marketing or help with web design. Or what about a big one, to cover the cost of a new computer, or getting products manufactured? This question has crossed my mind several times, but unfortunately it would be difficult for me to get a loan, I know this because my credit score is very low. You know those commercials that play all the time… “Do you know your credit score?” as much as those commercials annoy me, it is valuable information to have, and visiting a credit report company like picture credit, or even one from the TV commercials can tell you all you need to know before you even think about submitting that loan application. The more you know beforehand, the better your chances, you can include information to explain your bad credit in the application, that way you and the loan company are not blindsided by the information on it. Annoying or not, it is useful.

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