Big banks don’t want to deal with startups because of their lack of credit history.

They don’t have anything to base their approval decision on and that’s why they turn down applications from new business owners.

It is important for owners to develop strong business profiles and ratings to gain access to better funding opportunities in the future.

Here are some of the things big banks don’t want you to know.





Comments


Written by mclekevin
343 days ago

[Moderator's note: removed spam comment. ^ML]



Written by amabaie
343 days ago

I know that here in Canada, financing is the single biggest barrier start-ups have to scale up. It's a huge problem.



Written by pvariel
345 days ago

Hi Erik,

Thank you so much for this wonderful news which many of the small time business owners are not aware of.

It is really good to know this initiative.

The good news is there’s a small chance that your company can get approval from a big bank. thanks, Erik for this great shout out.

Keep sharing.

Best Regards



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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!