I bet all of you are asking the phenomenal million-dollar question here: what do credit unions have to do with the White House?
First off, let’s go to what credit unions are (in case you’re not fully familiar with it).
#1 – Small business loans are readily available through the local bank.
I’ll start with this one because this can be very damaging for a business owner’s credit history if this process is not understood well.
In today’s credit climate, the qualifications from the major banks for a small business to get a loan or line of credit is directly related to the business owner’s personal credit, or the history of revenues related to the business, including any cash or real estate assets.
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