Expert financial advice, content, and strategies for your franchise business
There are many situations in which taking out a business loan can be an excellent strategy to help you grow your franchise in a realistic, manageable way. However, there are equally as many situations in which taking out a business loan is extremely inadvisable.
To successfully take out a loan as you start up your franchise business, you need to have a solid credit score that shows you are a low-risk investment. However, for many people who are unfamiliar with how credit scores are calculated, some actions they take with the intent of improving their score could actually be damaging.