1. Pick a Favorable SIC/NAICS CODE.
2. Add the description of the business into the business name.
3. Use a C-corp. structure because most lenders and investors prefer this structure.
4. Have a strong 680+ credit score to use as a personal guarantor
5. Have a Strong Business Credit Rating
6. Have a Paydex Score of 80+
7. Have a good Business Bank Rating.
Comments
Noticed you have a section on How To Do Your Business Taxes. Perhaps, you should review www.NYTEX.us
There is an SEC Exemption that allows an individual (or group) to raise up to $5M and requires no personal credit scores or index scores of any kind.
If the project is of suitable design, it will get funded/
Have been doing these deals for nearly 30 years.
Dr. Francis John Maguire, PhD
MaguirePhD@comcast.net