ASPHALT04
Well-Known Member
- Joined
- Mar 9, 2008
- Messages
- 137
- Location
- Wisconsin
- Occupation
- Owner / Doing whatever it takes to pay the bills!
I started up my business a year ago and all my equipment is paid for cash. I am now at a point in order to expand I need some funding. So after talking to my accountant this winter he suggested I show some profit so I am in better position with bank.
Now this is my situation.....I didn't show enough for the bank to loan me anything and now I owe Uncle Sam a good chunk (which has strained things). My business has paid all its bills on time and I have great credit with my suppliers because of that. I just can't get a loan because my personal credit is not good enough even though I have been active at fixing some of the issues. It has come up almost 100pts in the past 3 months. Without going into a ton of explaination about my credit, is there anyway around that for the business?
Now this is my situation.....I didn't show enough for the bank to loan me anything and now I owe Uncle Sam a good chunk (which has strained things). My business has paid all its bills on time and I have great credit with my suppliers because of that. I just can't get a loan because my personal credit is not good enough even though I have been active at fixing some of the issues. It has come up almost 100pts in the past 3 months. Without going into a ton of explaination about my credit, is there anyway around that for the business?