The Truth About Credit Checks and Credit Scores
Here’s the reality about credit scores – a lender just checking your score can lower it. Check again and it goes even lower. Shop for a good deal on funding your small business and your score can take a beating before you get a deal done.
Here’s what you need to know:
There are two types of credit inquiries, one “hard” and one “soft.” Often these inquiries are referred to as a “hard pull” or a “soft pull.”
A hard pull with great credit can nick your FICO around 5 points. Start shopping for the same kind of loan and it shouldn’t be too bad. Hopefully.
Less than perfect FICO scores can be hit harder. Shop for different kinds of funding, say a merchant cash advance, a business line of credit, or a business credit card to compare your options and you can do real damage to your FICO in no time.
At Dynamic Capital we have your solution.
We always use a soft pull when we need to understand your situation. Then we do the shopping for you. One call to Dynamic at 1-800-833-5110 and one simple form and we’ll return over 100 lenders from you to choose from. All with a soft pull.
You keep your credit intact and you know your options.
Would you want 5 choices or 100? Your credit score un-touched or your FICO sinking after each inquiry?
And let’s not forget the value of your time. Five forms, five lenders, five emails at a minimum, and five phone calls? No thanks. One call to Dynamic is your solution.
Call us today to get the funds you need. One call to Dynamic at 1-800-833-5110 and you can learn about your options for small business capital; from MCA loans (merchant cash advances), equipment loans, inventory financing, business lines of credit, business credit cards, even SBA loans.
Call today and get the money you need so you can focus on growing your business.