5 Things NOT to do Before you apply for Financings


When  you are considering financing for  business or home loan, make sure you avoid the following.

  1.  Don’t cancel any credit cards
  2.   Never cancel older credit cards – Credit cards held for many years improve credit
  3.   Don’t make loan or credit card applications  – excess inquiries may lower your credit rating
  4.   Don’t co-sign on any loan
  5.   Don’t go to a bank for funding advice – they’ll try to get you to fill out an application that will spur an inquiry.
Posted in Franchise Basics.