Funding the expanding business and asking for enough credit so one doesn’t have to go through the application process again too soon
San Francisco, CA—Many small business owners are doing well; they’ve successfully funded their business venture and things are going along great. But, they could be better. How does one go about expanding and growing? Pat Gage recently spoke to a group of people and shared some valuable tips on obtaining a second business line of credit.
Pat explains that surprisingly, this isn’t as easy as one would think because a loan officer is going to look at the business just as hard the second time around as he/she did the first. There are no free passes when it comes to getting credit, so be prepared to look good. First, make sure the business credit is solid with all business credit cards and vendors being paid in a timely manner. Asking for more credit than what is needed is important; one doesn’t have to use it all at once, but it’s good to have available. This prevents having to return to the bank and go through the application process again later.
Pat brought up another good point. No matter how great the business is doing, lenders will look at personal credit as well; the lender needs to know about the person running the business. If they’re handling their personal finances properly, they will not be able to run their expanding business effectively.
Pat Gage offers a program to show investors and business owners how to obtain business lines of credit and unsecured business credit cards. It comes with easy to follow, step-by-step instructions for applying for credit for funding business ventures. His program is being used successfully in all 50 states.
Pat Gage, The Opportunity Creator, and a leading expert in the field of business credit has helped a number of clients target his specialty, starting, expanding, and growing their businesses through his trademarked 10 Steps to Money System. The Opportunity Creator is not only a sought after business credit coach but also a national speaker. For more information on any topic discussed, visit Pat Gage’s site at http://www.10stepstomoney.com
Contact:
Destiny Now, LLC33006 7 Mile Road Suite 423Livonia, MI 48152Phone: 734-261-0688Toll Free: 877-262-0688Fax: 734-422-6168
Email: info@opportunitycreator.com
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