Business Fundability tests your ability to get financing
Want a better understanding of how much is needed to fund your business? BusinessLoans.com is now offering a short, 12 question quiz on financing options for your business’ fundability. The quiz takes only 3 minutes to complete, and gives a highlight of the different types of bank and non-bank funding options available – as well as the likelihood of financing and details of each financier.
The results of these questions give insight on the appropriate lending amount for your business; many of these banking decisions are based on personal FICO credit scores, which ranges from 300 to 850 and with higher scores indicating lower risk. Depending on the banking institution, loan decisions are usually made with a mixture of personal credit score, type of business and history, and potential cashflow.
Interested? Take the quiz. Or, for more information, check out BusinessLoans.com for traditional or alternative forms of business financing, including tips on how to improve your credit score. For more resources on small business credit, or general questions about the Small Business Development Center, contact us at Wright State University’s Raj Soin College of Business at 937-775-3503, or visit www.sbdcwsu.com.