The Business Finance Store Discusses Financing Options for Small Businesses with Lower Credit Scores

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The Business Finance Store discusses the benefits of lending changes among banks and big lenders for small businesses looking to fund their operations.

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According to a recent AP press article, more banks and other big lenders are starting to reach out to individuals with less than perfect credit scores. TransUnion recently reported that in the third quarter of 2011, over 25% of registered new card accounts were issued to individuals with credit scores lower than 700. In the third quarter of 2010, that number was 23%. This increase in lending to individuals with lower credit scores, could be a positive development for small business financing. In the recent blog post “Big Lenders Take Notice of Customers with Lower Credit Scores in 2011,” the Business Finance Store discusses the benefits of these lending changes for small businesses looking to get funding.

Greater availability of credit could be beneficial for businesses seeking to finance their operations with business lines of credit. Some finance professionals are suggesting that now may be a good time to look into credit card lending, since credit card companies are extremely motivated to get more new sign-ups prior to the fourth quarter, where the holiday season means more of those cards will ring up higher amounts of debt. Read more about business lines of credit and funding small businesses at the Business Finance Store blog.

The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.

The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes, and put them on the path to success.

For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and to achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007 they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.

For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store, visit http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.

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Kelly Rye
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