20 Items Your Business Must Have Completed To Obtain Financing

Foothill Ranch, California – BusinessFinance.com offers business owners a unique Business Finance Coach that walks businesses through the steps of obtaining capital. The Business Finance Coach shows borrowers 20 items that lenders will look at even before they check business credit reports. Without first completing these 20 items a business won’t make it to the next step in the financing process.

“Missing just one of the 20 items will get your business denied,” says BusinessFinance.com Finance Specialist James Christy. “If you follow the steps in the Business Finance Coach we will make sure that you have all of the items completed.”

For example, Lenders will deny a business loan application if the business legal name is not listed properly with the 411 Directory Assistance. Another way financing can be denied is if your business has a bank rating below a low 5 or if your business doesn’t have credit files open with the three business credit reporting agencies. Most lenders now require businesses to have three good credit scores. These are only a few of the items that must all be in place first before seeking approval for funding.

“We help over 5,000 businesses each month,” says Corey Pierce, Founder and CEO of BusinessFinance.com. “The Business Finance Coach will set your business up with 3 business credit agencies the right way, you will get 5 vendor lines of credit, 3 business credit cards, 1 bank loan, and you will be helped step-by-step through the process of building excellent business credit scores.”

To complement the Business Finance Coach, BusinessFinance.com features the Business Funding Directory. The directory has 4,383 sources of business capital. Business owners can search it for free and match their capital needs to the approval criteria of those funding sources.

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