Kingswood Leasing can provide you with the financing you need to help rebuild your business credit as well as give you the ability to earn more with the equipment you will acquire. Providing equipment financing to a business owner with past credit history problems is an area that we specialize in.
Sometimes people make financial mistakes, in big ways and in small ways, and their credit history can be affected. When applying for any kind of credit, including business credit, your personal credit history is going to be reviewed. It is always important to keep tabs on your credit report to ascertain what is on there and confirm that it is correct.
Major credit problems such as bankruptcy, repossessions, tax liens and charge off’s can be standing in the way of the equipment you need. But other things can have a negative effect on your credit: Multiple inquiries or a sudden increase in credit lines can also hurt.
When your credit is affected, you must correct what is there and begin to rebuild. Pay attention to the problem at hand to regain your good credit history. Do not be fooled by the claims of credit repair companies who say that they can make it all go away. This is not true. Yes, errors can be fixed, but the history will remain. Time and your actions are the only cure.
There are other things that are considered by credit reviewers that you should keep in mind as a business owner. Another source of credit history that some owners overlook is the Dunn and Bradstreet report. This is an additional source that is looked at when credit is reviewed. The bank relationships of a business owner are also considered and looked at closely.
As each person’s history is unique unto itself, it is impossible to cover all aspects on this web page. Kingswood Leasing can help. Please contact us for an in depth confidential discussion on your credit. We will walk you through the steps toward obtaining credit for your business and help you address your credit problems along the way.