Step 5: Planning For Funding
Recently, I covered the 5 steps to becoming a mompreneur. I mentioned that as your business grows, you’re going to need capital for things such as an office, a staff and other business tools. Before you venture out to search for a lender, you’ll need to make sure your credit is in good condition. This might mean you have to repair your credit. The better your credit score, the more appealing you look to lenders when the time comes to request a small business loan. If you need to repair your credit, look into reputable companies that can assist you in the process.
You also need to know know how credit repair companies work. Some companies have been known to overpromise and underdeliver, many have been accused of being scams. To avoid credit repair scams you need to research different companies, read FTC recommendations, BBB ratings, and consumer reviews.