How To Escape The Bad Credit Trap And Build Your Small Business

How To Escape The Bad Credit Trap And Build Your Small Business
News from Tech Cocktail:

Investors and small business owners are involved in a never-ending struggle to maintain a steady flow of cash. However, this is not easy to do when bills are piling up at a faster rate than sales can be closed. Yet running out of operating capital is not an option because it can cripple any aspiring company.

Financial problems are further aggravated when the company also has a poor credit score. Moreover, unless it is repaired, it can be almost impossible to finance projects because it will be hard to borrow money from banks and credit unions.

Banks Risk-Averse

Although the economy has been improving over the past few years, it is still difficult to get a business loan. This is particularly true for a company that has some blemishes in its credit history. Most banks and credit unions are unwilling to give a small business owner a loan if their credit scores are below average.

The Trap

Ironically, banks are not willing to admit that a company may have valid reasons for a poor credit score. After the financial crisis in 2008, there was an economic downturn for the next two years, w…………… continues on Tech Cocktail

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Film Review: ‘The Mule’
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If some movies leave you feeling in need of a shower afterward, then nothing short of a colostomy will do after a viewing of “The Mule,” an excremental but hardly execrable Australian comedy-drama that plays like the klutzy, sheets-soiling stepbrother of “Maria Full of Grace.” A triple-threat showcase for co-director, co-writer and star Angus Sampson, cast as a lunkheaded amateur crook who attempts to smuggle several pounds of Thai heroin in his gastrointestinal tract, Tony Mahony’s directing debut brings new meaning to the term “gut-wrenching suspense,” its scatological-time-bomb premise lending a darkly funny novelty to the otherwise routine crime-thriller shenanigans. Well traveled on the festival circuit following its SXSW premiere, the pic could enjoy decent theatrical runs.

To his partial credit, oafish loser Ray Jenkins (Sa…………… continues on Variety

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