Mar 28
Use a Credit Card to Build Reputation With Your Bank
For new entrepreneurs, without an established credit record, getting a business start-up loan can be difficult, but not insurmountable. First option is to put-up collateral for the loan. But don’t despair if you don’t own property.
Another option is to start the traditional way: building up a good credit record first. Get a credit card from your local bank, use it and pay all dues on time to establish a trustworthy reputation. After sometime, you’ll have a good credit history you may use for loans.