SCOTTSDALE, AZ--(Marketwired - June 30, 2016) - New Business Funders (http://www.newbusinessfunders.com) is helping entrepreneurs learn more about the benefits and pros of the business credit line, as it compares to a conventional business startup loan, in a new guide they've just released.
"Lots of new business owners experience a setback with funding when approaching a conventional bank," explained Troy Bohlke, spokesperson for New Business Funders, a company that specializes in helping new businesses secure lines of credit. "What these business owners should be aware of is that they do have alternatives that they can explore that are feasible, such as an easier to qualify for business line of credit instead."
Bohlke heads a service that provides business credit lines to new businesses, and has facilitated partnerships with a growing network of banks that are eager to approve these credit lines. Unlike conventional loans, these lines are actually based upon a FICO score of the applicant, something that can be co-applied for with a business partner or spouse, for example.
"A business credit line is a wonderful option for new businesses that will otherwise struggle to get approved by conventional banks simply due to the risk factor," says Bohlke. "Instead, these entrepreneurs can look at their options with low-interest credit lines that can enable them to secure the funds they need to succeed with their newfound venture."
Bohlke routinely helps new businesses gain the funding they need using his specialized program.
To learn more about this small business program, go to:
You can read the new guide online at: http://newbusinessfunders.com/why-startup-business-loans-dont-stack-up-to-a-line-of.
About New Business Funders
New Business Funders helps connect startups to the lines of credit they need in a simple and efficient manner. Using their broad network of banks that are eager to loan money to startups, NBF helps get new businesses the credit lines they need without the runaround. Just a 680 FICO score or better gets your business approved for a line of credit from $10k to $250k with low interest and easy repayment options. No tax returns, bank statements, automated payments, business statements or sales receipts required. It really should be this easy to fund your new business.