The United States is home to over 30 million different companies, and 99% of them are small, meaning they have under 500 employees and typically have limited cash flow and savings as well. The good news is that smart loans such as inventory financing, contractor funding, payroll funding, and other small loans for companies can help any business finance its current projects and get ahead. Still, such loans should be made carefully, and the business owner should have good credit and not rely too heavily on these loans. A payroll funding company or a restaurant funding company will have more lenient standards than a big bank, for example, but still have some standards. This applies to contractor funding, too.
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It is believed that 45% of all small business owners are not even familiar with the concept of business credit scores, and many admit that they aren’t as financially literate as Continue reading Contractor Funding and Inventory Financing Done Right
