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So i've had a business for a few years now. It did well in the first few years but then I had a few complications. long story short here I am a few years later and im looking to get the business started again. How would I/Is it possible to go about either getting a loan to help me back on my feet or obtining credit cards? The business hasn't been active for bout 3 years now. I've kept the busines boa account active with minor transactions. What steps can I take to bounce back?
@Anonymous wrote:So i've had a business for a few years now. It did well in the first few years but then I had a few complications. long story short here I am a few years later and im looking to get the business started again. How would I/Is it possible to go about either getting a loan to help me back on my feet or obtining credit cards? The business hasn't been active for bout 3 years now. I've kept the busines boa account active with minor transactions. What steps can I take to bounce back?
Obtaining credit for your business will be a fairly simple process if you're personal credit is good. Most business credit cards will require a PG and so if your credit is good, then you shouldn't have a problem. A loan will be a little harder, the lender will most likely want to see financials on the business as well as a PG. If the business revenue isn't decent, then even with a PG you're not likely to get it.