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Most small businesses need finance to stay alive, so if you are trying to run a small business you need to be sure that your credit lines are the best they can be.

Talkbiznow.com, a business network firm, has found that over 86% of small companies rely on credit in order to survive. That means most small business need loans and mortgages of a self cert nature to make sure their ventures are as profitable as possible.

Mark Parker, founder of Talkbiznow.com says: "Credit is critical for most small businesses to survive as it provides the vital life blood for small companies to help them to navigate through fiercely competitive market conditions which are especially tough in the current economic climate. However, most companies are still finding it hard to get credit."

It is not an inditement on your business if you need some credit to get by, and it is not an inditement on you if you have found it difficult to get that credit in this credit crunch era. The key is perseverance – if you do not get accepted for a loan, talk to your adviser and see what you can do to get credit. There are always ways and means to improve your chances; maybe by improving your credit score, maybe by consolidating some debt or paying off some bills.

It is true, credit for self certifying borrowers is still hard to get. But it is not impossible to get. They key is getting some good advice early on – whether you are coming to within six months of your self cert mortgage, or you think you might need a self cert loan, go to a professional.

SOURCE:Talkbiznow.com, 04/02/09

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