What You Need To Know Before Applying For Your 1st Business Loan [Maverick Minute]

Would it help to know you aren’t the first business owner to face an emergency? Or that there have been many others who’ve had to figure out how to finance that big purchase for their business?
Today, we’re going to walk you through what you need to know before applying for your first business loan.
Also, if you want more information and resources geared toward small business owners during this Coronavirus (COVID-19) pandemic, please check out the resource hub we’ve created: https://www.merchantmaverick.com/coronavirus-small-business-resources/


1. www.merchantmaverick.com

2. Script adapted from: https://www.merchantmaverick.com/first-time-business-loans/

3. Check your credit score: https://www.merchantmaverick.com/free-credit-score-services/

4. Improve you credit score: https://www.merchantmaverick.com/the-ultimate-guide-to-improving-your-business-credit-score/

5. Calculate your Debt Service Coverage Ratio (DSCR): https://www.merchantmaverick.com/calculate-debt-service-coverage-ratio/

6. Video editing: Sergey Tyurin

7. Music: We March Together – Patrick Patrikios (free YouTube audio library); Sound Effects and Stock Videos: Video Copilot pack www.videocopilot.net/products/motionpulse/

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