{"id":28735,"date":"2017-12-04T20:30:43","date_gmt":"2017-12-04T20:30:43","guid":{"rendered":"https:\/\/smallbiztrends.com\/?p=477304"},"modified":"2017-12-04T20:30:43","modified_gmt":"2017-12-04T20:30:43","slug":"want-to-learn-8-secrets-for-getting-a-business-loan-here-are-2","status":"publish","type":"post","link":"https:\/\/businessnewsbox.com\/?p=28735","title":{"rendered":"Want to Learn 8 Secrets for Getting a Business Loan? Here are 2"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-477312 size-full\" src=\"http:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar.png\" alt=\"Want to Learn 8 Secrets for Getting a Business Loan? Here are 2\" width=\"1000\" height=\"560\" srcset=\"https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar.png 1000w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-150x84.png 150w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-768x430.png 768w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-325x182.png 325w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-120x67.png 120w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-400x224.png 400w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-670x375.png 670w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-830x465.png 830w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-300x168.png 300w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-660x370.png 660w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-850x476.png 850w, https:\/\/smallbiztrends.com\/wp-content\/uploads\/2017\/12\/biz2credit-webinar-620x347.png 620w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><span style=\"font-weight: 400;\">You have a plan to expand your business, but you need financing. But you&rsquo;ve never gotten a business loan before, and you&rsquo;re a bit concerned you might be turned down.<\/span><\/p>\n<h2>Tips for Getting a Business Loan<\/h2>\n<p><span style=\"font-weight: 400;\">Fortunately, there are 8 secrets to boost your credit attractiveness and improve your chances of getting a business loan on favorable terms. &nbsp;Here are two:<\/span><\/p>\n<h3>Secret #1: &nbsp;Yes, You CAN Improve Your Personal Credit Score<\/h3>\n<p><span style=\"font-weight: 400;\">One barrier to getting a better business loan may be a low personal credit score.<\/span> <span style=\"font-weight: 400;\">Increasing your score is easier than you might think. Here are just some of the tips:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Pay down your credit cards.<\/b><span style=\"font-weight: 400;\"> As a yardstick, you&rsquo;ll want all your cards under 50 percent&nbsp; of their limits. This means no more maxing out cards &#8212; for personal or business.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Lower your debt compared to your income.<\/b><span style=\"font-weight: 400;\"> A good benchmark is keeping debt to 30 percent of less of your income. Rather than taking a second mortgage on your home and increasing your debt load, you might be better served to apply for a business loan. <\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Monitor your credit score. <\/b><span style=\"font-weight: 400;\">Errors are more common than most people realize. Besides you&rsquo;ll learn which creditors report to credit agencies and what they report on.<\/span><\/li>\n<\/ul>\n<h3>Secret #2: &nbsp;Your Business Credit History May Be Incomplete, But It&rsquo;s Not Hard to Change That<\/h3>\n<p><span style=\"font-weight: 400;\">Does your small business have an established credit history? &nbsp;You&rsquo;d be shocked how many don&rsquo;t, or they have an incomplete history. Once again, you can take action to flesh out your business&rsquo;s credit history:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Establish free profiles with the three major business credit bureaus: D&amp;B, Experian, Equifax<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Apply for a business credit card and use it to establish a timely repayment history.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do business with vendors (&ldquo;trades&rdquo;) that report to credit bureaus regularly.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Learn 6 more secrets, and many more specific tips, in the webinar &ldquo;How to Improve Your Business Credit &#8212; and Get a Better Loan&#8221;.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The webinar takes place Wednesday Dec. 6, 2017 3-4 p.m. EST. The webinar features Rohit Arora, Co-Founder and CEO of Biz2Credit, the small business loan marketplace that&rsquo;s arranged over $1 billion in loans. &nbsp;He will be joined by Entrepreneur and founder of Small Business Trends, Anita Campbell.<\/span><\/p>\n<p><b>BONUS: <\/b><span style=\"font-weight: 400;\">&nbsp;If you register for the webinar, you also get a free copy of our companion ebook, How to Improve Your Chances of Getting a Small Business Loan.&rdquo;<\/span><\/p>\n<p><a href=\"https:\/\/www.biz2credit.com\/knowledge-center\/webinar\/improve-your-business-credit-2017\"  rel=\"noopener\"><b>Register for the Webinar here.<\/b><\/a><\/p>\n<p>This article, &#8220;<a href='https:\/\/smallbiztrends.com\/2017\/12\/getting-a-business-loan-webinar.html'>Want to Learn 8 Secrets for Getting a Business Loan? Here are 2<\/a>&#8221; was first published on <a href='https:\/\/smallbiztrends.com\/'>Small Business Trends<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/SmallBusinessTrends?a=Wu2WV_jEmtI:bWLHlLTX6Vo:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/SmallBusinessTrends?i=Wu2WV_jEmtI:bWLHlLTX6Vo:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/SmallBusinessTrends?a=Wu2WV_jEmtI:bWLHlLTX6Vo:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/SmallBusinessTrends?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/SmallBusinessTrends?a=Wu2WV_jEmtI:bWLHlLTX6Vo:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/SmallBusinessTrends?i=Wu2WV_jEmtI:bWLHlLTX6Vo:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/SmallBusinessTrends?a=Wu2WV_jEmtI:bWLHlLTX6Vo:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/SmallBusinessTrends?i=Wu2WV_jEmtI:bWLHlLTX6Vo:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/SmallBusinessTrends\/~4\/Wu2WV_jEmtI\" height=\"1\" width=\"1\" alt=\"\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Biz2Credit CEO Rohit Arora and Small Business Trends Publisher Anita Campbell this Wednesday for a webinar on secrets for getting a business loan.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,51],"tags":[],"class_list":["post-28735","post","type-post","status-publish","format-standard","hentry","category-announcements","category-biz2credit"],"_links":{"self":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts\/28735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28735"}],"version-history":[{"count":0,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts\/28735\/revisions"}],"wp:attachment":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}