Business Credit strategies from our expert business consultants

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MITM is proud to announce our partnership with National Business Capital. MITM is now able to provide lending options and solutions for our clients. Are you in the need of any of the products below? if you are not sure which product benefits your business; schedule a one-on-one consultation with a MITM business specialist now.

• Small Business Loans
• Financing for Medical Professionals
• Business Line of Credit
• Asset Based Lending
• Equipment Financing
• Hybridge® SBA Loan
• Performance Advance™
• CannaBusiness Financing
• SBA Loans
• Accounts Receivable Financing
• Startup Business Funding
• Franchise Financing

MITM chose National Business Capital to partner with due to the high success rate of their products along with the flexibility and simplicity National Business Capital can provide to our clients.

National Business Capital is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people,  National Business Capital has streamlined the approval process to secure over $1 billion in financing for small business owners to date.

National Business Capital's expert Business Financing Advisors work within their 75+ Lender Marketplace in real-time to give you easy access to the best low-interest SBA loans, short and long-term loans, and business lines of credit, as well as a full suite of revenue-driving business services.

National Business Capital strengthens local communities one small business loan at a time. For every deal they fund, they donate 10 meals to Feeding America! 

While you may have excellent personal credit, you won’t want to put a loan for your business in your name for liability reasons, as you could become responsible for your business’ debt. There is always a chance that your business could hit hard times, and if your business cannot repay the loan, you don’t want that debt reflected on your own personal credit report. Not to mention in some extreme cases, the creditors could go after your personal assets if you filed the loan in your name. Therefore it’s best to build business credit and then apply for business loans with your company’s credit report instead.

The better your business credit the more financial opportunities your business will receive. For one, if your business has a good credit history, lenders will be more likely to loan your business money. Not only will lenders trust you to repay them, but they will generally offer you lower interest rates than if your business had a bad or no credit history. With access to loans, your business can borrow money to invest in a new product or electronic equipment, which it might not otherwise be able to afford out of its own pocket.

In the same way that lenders won’t mind engaging in business with your company, investors and partners may be more inclined to invest in your business as well. Your business’ credit score will prove that your company is reliable.

Additionally, good credit creates a safety net for your business. You may not need extra money now, but what if sales drop next month? Can you still pay your company’s rent? Will you have enough money to cover your employees’ payroll? If your business has already built good credit, then your business should have no trouble borrowing money during a financial bind.

MITM business consultants provide you first-hand experience on how to utilize business credit, and what available products at your disposal now would benefit you best. Remember it's better to have it, and not need it than it is to need it, and not have it. utilize our professional financial consultants now!