Veterans are well trained in the art of overcoming obstacles; military service capitalizes on the courage and bravery of its members to tackle and overcome any challenge head-on.
Your veteran-owned small business will encounter its own set of obstacles, and the success of your business may very well depend on your ability to surmount them.
One of the foundational hurdles every small business has to overcome are the muddy trenches of credit scores and the effect they may have on your business loan. We'd like to take you on a journey. This will be the first of several posts about credit scores and how they affect getting a small business loan. Get the credit score series of posts straight to your inbox by subscribing to the StreetShares blog.
Personal and Business Credit Scores Explained
Credit scores are the numerical representation depicting a borrower’s creditworthiness – that is, their ability to pay back a loan. These sources are useful for lenders to judge whether or not they think they’d be able to afford the risk of loaning money to you or your small business by showing them how financially trustworthy you are.