Robert Dionisio’s Post

A business line of credit is one of the most effective financing solutions available to a business. Find out how your business could benefit from a line of credit in our latest ROK blog. 👇

A business line of credit is one of the most effective financing solutions available to a business. Find out how your business could benefit from a line of credit in our latest ROK blog. 👇

The 5 C’s of Credit: What They Are, How to Build Them https://lnkd.in/eSv_nZWh The five C’s of credit (character, cash flow, capital, conditions and collateral) affect your business financing options.

Secure financing so your business can bloom 

Secure a business line of credit in 5 steps: Determine funding needs, check eligibility, compare lenders, prepare documentation, and submit your application. A flexible way to manage cash flow and unexpected expenses.

Secure a business line of credit in 5 steps: Determine funding needs, check eligibility, compare lenders, prepare documentation, and submit your application. A flexible way to manage cash flow and unexpected expenses.

Here is a great piece to start your conversation around getting a loan to expand your business. -CM

Understanding Equipment Financing: What Credit Score Do You Need? As a business owner, navigating the world of equipment financing can be daunting. One of the most common questions we receive is, "What credit score is needed to qualify?" The answer may surprise you! While credit score requirements can vary depending on the lender and the specific financing program, generally, a credit score of 680 or higher is considered good for equipment financing. However, even if your credit score falls below this threshold, there are still options available. Many lenders take a holistic approach to evaluating creditworthiness, considering factors such as your business's revenue, time in business, and the type of equipment you're looking to finance. Additionally, some lenders specialize in working with businesses that have less-than-perfect credit, offering alternative financing solutions that can help you get the equipment you need. At Equip Advance, we understand that every business is unique, and we're here to help you navigate the financing process. Whether you have a stellar credit score or are looking for options with less stringent requirements, we have solutions to fit your needs. Don't let credit score myths hold you back from growing your business. Contact us today to explore your equipment financing options!  #EquipmentFinancing #CreditScore #BusinessGrowth

Learn how to overcome credit challenges and find success in equipment financing with our latest blog post!👇 #EquipmentFinancing #ROKFinancial