Understand your funding foundation.
For most newer and smaller businesses, the owner's personal credit is part of the decision, and many loans require a personal guarantee. Getting that foundation accurate is where preparation starts.
Start with your goal. No documents needed for this first step.
Who is this for?
Owners of new or small businesses who expect to apply for a loan, a line of credit, a business credit card or vendor terms, and who want to know what a lender will see on the personal side.
This page describes credit preparation. CreditForwardRepair does not arrange, broker or guarantee business funding.
The problem
A newly formed business has little history of its own, so lenders lean on the owner. Errors on the owner's personal reports can therefore block or reprice funding meant for the company.
Owners are often surprised by this, and by how much lenders weigh time in business, revenue and cash flow alongside credit.
What does CreditForwardRepair do, and not do?
What CreditForwardRepair does
- Reviews the owner's personal credit reports with a funding application in mind.
- Identifies inaccurate or unverifiable entries and helps you dispute them.
- Explains how personal guarantees and personal credit checks typically work for smaller businesses.
- Helps you organize what a lender is likely to ask about beyond credit.
What CreditForwardRepair does not do
- Provide, arrange or broker business loans, lines of credit or grants.
- Build or repair a business credit file, or promise a business credit score.
- Guarantee that any lender will approve your business.
- Give legal, tax or entity-structure advice.
What to prepare
Nothing is required to ask. These help.
- Pull your personal reports from all three bureaus.
- Note whether you plan to apply as an individual or through a business entity, and whether a personal guarantee is expected.
- Gather any feedback a lender, vendor or card issuer has already given you.
- Write down what the funding is for and roughly when you need it.
Then enroll online
Go Forward takes you to our secure signup portal. Review your service agreement, including your plan's monthly fee and first work fee, plus the separate credit monitoring disclosure, before you complete signup.
Questions about business funding and credit
Direct answers, with sources on the full FAQ.
Often, yes. Many lenders review the owner's personal credit when a business is new or small, and many small-business loans and cards require a personal guarantee.
Getting your personal reports accurate is therefore part of preparing for business funding, even when the loan will be in the company's name.
No. Lenders look at time in business, revenue, cash flow, the owner's credit, and sometimes collateral. A newly formed entity has little history for a lender to rely on.
CreditForwardRepair helps with the credit-report side of preparation. It does not arrange, broker or guarantee business funding.
No. CreditForwardRepair is not a lender, a broker or a dealer, and it does not approve, deny or arrange financing.
Our work is on the credit-report side: helping you understand what is there, dispute what qualifies, and prepare for the application you plan to make.
A credit repair company reviews your credit reports with you, helps identify information that may be inaccurate, incomplete or unverifiable, and helps you dispute it with the credit bureaus and the companies that reported it.
It cannot do anything you could not legally do yourself, and it cannot remove accurate, timely negative information. Under the federal Credit Repair Organizations Act, a company must give you a written contract, explain your rights, and cannot charge you before the promised services are performed. CreditForwardRepair reviews reports, helps you dispute qualifying inaccuracies, and talks through your goal. CreditForwardRepair does not lend money and does not make lending decisions.
Related reading: What a credit repair company can and cannot do
Want to learn more before deciding?
Explore free credit education, tools, and community resources at CreditForward.org, our sister community. Free forever, no credit card, and nothing here requires our paid service.
Get the personal side right first.
Enroll online and review your agreement before a lender ever sees your reports.