Smes' financing rules

Change has swept over the whole industry, social and professional development. In the past few years, changes in information technology, and the changing face of small business financing. The loan is approved by the decision of a computer program, unless the enterprise credit rating to loan or credit product more than $100,000.




Automatic credit rating reduces the main process, improve the loan bank profitability. A and your bank does help in some areas, but cannot be credit rating.

This may benefit from some of the company's main body, be deleted. For example, many commercial Banks failed during the credit portfolio of restaurant may be more inclined to refuse your loan. Credit rating system will remove any bias exists in enterprise financing decision process. Other potential benefits of credit rating delete need business plan, only financial needs.

Since "new rules under the jurisdiction of the" small financing for small business process for enterprise owners, can through these strategies:

Small business financing strategy

Evaluate credit demand: if the amount needed to $100,000, suitable for ten million dollars or more. Pocket Usually, if the central bankers expected business plan, it may not use the credit mode.


Let your credit report: in making loans or credit card application, get your credit report, and check for errors and omissions.


Is the accurate: if you are less than $100,000 for the bank credit rating and used to all the problems, automation of the loan or credit application. Please confirm your data is accurate and ask about the application of information.


Watch your code: please make sure that you provide an accurate description of your business. Bank of your company in North America (code industrial classification system), north on silicon carbide or code. Incorrect coding, can change the results for approval.


Know why: if your application is rejected, request to explain or "person".


Search bank: type of bank you choice for small business financing. A larger Banks or agency will use automatic credit rating system, etc. For local community Banks or professional bank for a specific industry.

The new change, in order to finance market is a competitive industry. Many of the players (eg. Non-bank Intuit, state farms, ge capital company) is forcing Banks adapt to market or lose market share. For small business owners, it means more choice and service of all the company's scale and the power of awakening businesses.