“SCORE has provided ongoing support over the years and several of the SCORE counselors are also my customers,” declared Moore, “and the support from SCORE has been ongoing on an informal basis and then on a structured basis when I needed more formalized assistance.
Rick and Cindy investigated SCORE and now call SCORE, “angels of mercy in the small business world.” When talking about the assistance SCORE is providing, Cindy exclaimed, “The SCORE mentors are not only knowledgeable and highly skilled, they bring an attitude of enthusiasm, encouragement, compassion and persistence, as well as common s
Bill Smoot savors the heady taste of an excellent wine and enjoys the company of those who also delight in the ambiance of soft lighting, quality food, good music and, of course, great wine. “I was actively looking for a business that I could get into and enjoy,” Smoot said.
Let’s take a look at 4 top situations when your personal and business finances should be handled differently.
Depending upon where you apply, your business credit profile, and other factors, it might be difficult to get a loan approval.
There is some confusion about whether or not every small business has a credit profile (in addition to a personal credit score.) If your business is a registered business, including sole proprietorships, along with your personal credit score, your business will have a business credit profile.
Some challenges will put stress on your business — and yourself — more than others, and bouncing back after such a challenge can be crucial in your long-term recovery.
Although your business credit profile and your personal credit score are very different, and even express different information about you and your business, they both impact your ability to qualify for loan and the options available to your business.
With a range of financial institutions vying for your business, from small and big banks to credit unions and online lenders, there’s no reason to stay in an unsatisfactory banking relationship.