What Would You Do With $100K in Business Funding?

Like most business owners and entrepreneurs, I started with what I had, which was a couple hundred dollars and a few credit cards at that time. I thought that the only business owners who could get approved were the ones who were already successful in their business.

So, I did what most entrepreneurs and business owners do when they start a business: USE THEIR PERSONAL ASSETS. I began to use my personal credit to fund my business.

Several maxed out credit cards, numerous inquiries, and a 100 point credit score decrease later, I decided to apply for business credit. What did I have to lose?

After many Google searches and studying, I realized that business credit wasn’t just for large businesses. In fact, business credit was for any business that qualified for it.

I began applying for business credit, but I found myself discouraged and disappointed due to being continuously turned down and denied. I didn’t understand it. Why was my business being turned down? What was I doing wrong?

I’m sure you have experienced it too. There is always talk about how to “apply” for business credit but what information is out there telling us how to “establish” a business credit profile so that we can actually get APPROVED for business credit?!

That was the missing piece to the puzzle. Once I began to establish and strengthen my business profile, I found it much easier for my business to get APPROVED for business credit.

Once I was able to get business credit, I was able to fund and grow my business with the money I received from business lenders and vendors and I no longer had to rely on my personal credit, my cash and no longer ruined my personal credit. I was also able to focus on growing my business instead of worrying about funding it.

What Would You Do With $100K in Business Funding?