Startup Financing: Founder's Credit History Can Affect A Startup

[mandy]

If you were turned down because of a lack of any credit history, then you can turn to programs such as AccionUSA.org to begin your positive credit record. Accion provides small, first-business loans to qualifying startup entrepreneurs at rates and terms that typically are more favorable than credit cards. Plus, Accion can increase loan size with demonstrated business progress.

Here are some other ideas.

# Seek vendor support. Too many startup distribution companies are reluctant to ask for extended payment terms with their partners because of the appearance of business weakness. Still, no other business enterprise has more to gain from your business success. Ask for consignment sale terms to minimize your startup costs. If you must pay for goods up front, buy in the lowest quantities possible. Sitting on aging, excess inventory, although good for the wine, will cost you a lot of money...

full article: http://seattlepi.nwsource.com/business/3...source=rss