At the end of the year, we like to compose a list of the most popular posts that were published on the Triton Financial Solutions Blog in 2015. It is a great way to look back on the information we shared with you this year, and an insightful view of which posts our readers liked most.
Some of our most popular posts in 2015 were:
- 4 Misconceptions about Small Business Financing
- Understanding Why Too Many Credit Inquiries Can Hurt Your Credit Score
- I Have Excellent Credit, but the Bank Still Denied My Loan Application
- 4 Tax Deductions for Small Business Owners
Please enjoy the look back at the past year, and we wish you a very happy 2016!
Below is a short excerpt from each blog post. If you wish to read the entire entry, please click the hyperlinked titles.
How much do you really know about small business financing? Businesses that have been around for years as well as start-ups have several misconceptions when it comes to obtaining business capital.
The reasons for these misconceptions vary, but many business owners think traditional banks are not doing a good enough job of explaining their financing options, the requirements necessary to qualify for different types of business financing, how business credit is calculated and how lenders use business credit to deny or approve loan applications.
Many of our applicants are surprised when they realize that applying for credit from multiple lenders (such as department stores or auto dealerships) has negatively impacted their credit, and temporarily prevented them from qualifying for the business loans or lines of credit they need to fund their business.
They become frustrated that even though their overall credit may be good, multiple credit inquiries can have such a negative impact on their credit scores as well as their ability to access business funding. I hope the information below address some of these concerns.
As the economy continues to improve, many small business owners are more optimistic about the future. Established businesses as well as successful startups, nonetheless, are often finding it harder and harder to obtain small business loans from traditional banks. According to some estimates, since 2008, overall small business lending from traditional banks has decreased across the board. Entrepreneurs with excellent credit and cash reserves in the bank are frequently being turned down due to the traditional banks reluctance to loan to smaller businesses instead of larger corporations.
It is nearing that time of year when small business owners are gathering the paperwork necessary to prepare this year’s taxes. However, don’t overlook these tax deductions for 2015.
This list is only a small slice of all that Triton has to offer. We thank you for supporting our Blog over the past year, and plan to bring even more informative posts to you in 2016! Please feel free to contact me via email at firstname.lastname@example.org or call 770-249-2357 and ask for La Mancha Sims.
La Mancha Sims is the Founding Partner and CEO of Triton Financial Solutions, a business funding consulting firm located in Decatur, Georgia. You can reach La Mancha at 770-249-2357.
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