Fix Your Credit to Obtain Credit - by Ravi Patel

 

 

Although the principle seems too simplistic, I am amazed at the number of Entrepreneurs who get into situations where their personal or business credit affects their ability to obtain lines of credit or loans.

 

Entrepreneurs start their business ventures through personal funds or credit, hoping to repay themselves from the profits from their companies. However, as they continue to grow, the need for working capital compounds the problems often affecting not only their personal credit but the credit rating for their businesses.

 

These situations become a vicious cycle where getting out is often very difficult and expensive. Entrepreneurs need to get a handle on their personal and business credit to afford them the opportunity to fund growth for their businesses.

 

 

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