GOALS!
Pure-Business.Solutions works to assist you in achieving your capital goals!
Access to capital is the ability of a business to obtain financial resources for growth, development, and investment. Most businesses need to access capital when they are starting or growing. It's important to consider various sources of capital depending on your business model, growth stage, and industry.
There are many options for accessing business capital which includes business credit, debt (loans) or equity (stock/ownership) financing, and lines of credit, personal savings, friends and family, venture capital, angel investors, crowdfunding, grants, revenue generation, and more...
Schedule a Consultation
Ready to take the first step toward transforming your business? Schedule a consultation with one of our experts today to learn more about our consulting services and how we can help you achieve your goals.
California Wildfire Relief Funds - Phase 2 Deadline Mar. 12
LA Region Small Business & Worker Relief Funds...
Celebrate an additional $14.5M in funding awarded this week from California Governor Newsom, LA Rises, and Fire Aid. With this new funding, LA County and City applications CLOSED March 12th at 5 pm.
Phase 2 awards will be dispersed in early April!
Grants for Small Business!
Honeycomb Credit is offering a $10,000 “breakthrough” grant!
For small business owners ready to level UP (e.g., opening a new location, expand operations). Easy Application Process. CLOSED Deadline was April 2, 2025.
Winner will be announced on April 11th, 2025.
business credit
ACCESSING BUSINESS CREDIT
Building business credit is important because it helps your company create its own credit history, allowing access to funding, better loan terms, and favorable supplier payment terms. It shows lenders and partners your financial stability, which is essential for growth and expansion, especially when seeking loans, leasing equipment, or negotiating vendor contracts. Most importantly, it safeguards your personal credit from business liabilities and enhances your company's financial reputation.
Personal Guarantee
Monitoring Business Credit
Personal credit can impact business credit: Your personal credit score may be considered by lenders when evaluating your business creditworthiness. Always make payments on time to maintain a positive payment history.
Monitoring Business Credit
Monitoring Business Credit
Monitor your business credit report: Regularly review your business credit reports from agencies like Dun & Bradstreet, Experian, and Equifax to identify any errors and ensure accurate reporting. A positive business credit report shows potential partners and investors that your company is financially reliable.
Building Business Credit
Building Business Credit
Building business credit takes time:
A good business credit score opens doors to loans, lines of credit, and other financing options needed to grow your business. It may take several months of responsible credit usage to establish a strong business credit score. Apply for business credit cards and use them responsibly, maintaining a low credit utilization ratio.
business Term loans vs. line of credit
Lines of Credit
Business Term Loans
Business Term Loans
A business line of credit is a flexible financing tool that allows a business to borrow funds as needed, up to a pre-approved limit, and only pay interest on the amount borrowed. You can borrow funds, repay them, and then borrow again, up to your credit limit.
- Flexible Access: You can borrow funds as needed up to a pre-set credit limit.
- Revolving Credit: You can repay the borrowed amount and then borrow again, making it a revolving credit line.
- Variable Interest: Interest is typically charged only on the amount you actually borrow, not the full credit limit.
- No Specific Purpose: You can use the funds for any purpose.
- Interest: Interest is charged on the outstanding balance.
Business Term Loans
Business Term Loans
Business Term Loans
A loan provides a lump sum of money to be repaid over a fixed period of time.
- Lump Sum: You receive the entire loan amount upfront.
- Fixed Repayment: You repay the loan in fixed installments over a set period.
- Specific Purpose: Loans are often used for specific purchases or expenses, like a car or home.
- Interest: Interest is charged on the entire loan amount from the start.
- Non-revolving: Once you repay the loan, the credit is gone.
Pure-Business.Solutions
We are MORE than just Bookkeeping!
Do MORE for LESS!