Shabby Business Image: What Does Coporate Image Have to Do With Getting Capital
Your company’s image is a huge part of it’s credibility. There are actually creditors and vendors who will not finance your company if you don’t have a website or aren’t listed in the 411 directory. Yep, that’s right! It is equally important your company complies with both local and federal laws and ordinances, thus supporting the integrity of your business entity. The truth is lenders are not required to share their lending criteria or compliance formulas used to determine which businesses they approve or deny.
Does this sound familiar:
You need to borrow capital for inventory, new space, upgraded equipment, a new phone system, internet marketing, expansion, or simply to have an emergency cash cushion. You are confident in approaching a lender to request a business line of credit, after all, your business is profitable and you have your business checking account with this lender. They are familiar with your business. The process couldn’t get any easier, right? You can breath a sigh of relief.
Finally, you receive a letter in the mail from the lender, “Dear ABC Company, we regret to inform you that your request for credit has been denied.” There is usually no understandable explaination in the letter other than your business did not meet their lending criteria.
80% of small businesses are forced to close their doors forever because they could’nt get the capital they so desperately needed. Don’t become another statistic put your business in the hands of a Business Cash Flow Strategist that is familiar with compliance requirements so you can get the funding needed to grow a successful business.
Shameca Tankerson, is a Speaker, Trainer, Author, and Cash Flow Success Mentor to entrepreneurs and service professionals. Using a proven system, she opens a candid dialogue about money that teaches her clients how to breakthrough to their next income level, create consistent cash flow and expand into a cash flowing business with a new collaborative business model that is liberating, Inspiring and Powerful. To Get your F.R.E.E. “Spark Your Cash Flow Financial Success Kit” – Making Room For Money: 5 Financial Mistakes Entrepreneurs Make That Sabotage Their Cash Flow (And How To Avoid Them). Visit: http://www.MakingRoomForMoney.com
Posted on January 26, 2011, in Business Credit, Business Finance, Business Management and tagged banking & finance, business financing, credit savvy CEO, cvwbc, iewbc, SBA loans, SCORE, shameca, shameca tankerson, small business loans. Bookmark the permalink. Leave a comment.