options of financing dental work

After paying several thousands of dollars on the root canals on my upper teeth, my dentist told me that they had to be pulled. He told me that the dentist that did the work didn't do it properly and that all of the teeth were infected. After I collected myself, we started discussing the cost of the extraction procedure and the cost of the dentures. I knew I couldn't pay for all of that out of my pocket and he explained the dangers of allowing dental infections to fester. I quickly learned about financing dental procedures. If you are in a similar situation, go to my site to learn about your options of financing dental work.

2 Important Things That May Affect Your Small Business Loan


If you have a relatively new business, then you may need a business loan so your company has the cash it needs to purchase equipment and other necessary supplies. It may be somewhat more difficult to acquire a loan since the recession, but banks are still giving money to businesses. Government loans are the most readily available, and the U.S. Small Business Administration (SBA) has actually given out a record number of these business loans throughout the last few years. If you have been thinking about applying for a loan, then you should know that there are some things that may affect your loan acceptance that you are unaware of.

Personal Credit

If you do not have a long business history or if your business is brand new, then lenders will need to look at your personal credit score to determine if you are a financial risk. If your credit score is between 660 and 800, then this is good news. You have good credit and you may be seen as a good loan candidate. This may also be true if your credit score is over 600. But any score below 500 is considered poor or bad and this may cause loan acceptance issues.

If you do happen to have bad or poor credit and you want a business loan, then make sure to supply the bank with evidence that you have been financially responsible within the last few years. Show that payments have been made to pay down debts or that special arrangements have been made to pay off delinquent bills.

Poor Business Plan

Your business plan is an important aspect of the loan application process. A good business plan will outline the way that money flows through the business and how extra money is needed to expand on this. For example, if you own an excavation business, the plan should detail how loan money will be used for a new skid-steer or excavator and how this piece of machinery will boost profits since you will be able to take on more clients. This type of plan should also include how money will go towards employee salaries and other specific needs.

A business plan should never include losses as the reason a business loan is needed. This shows that your business is not profitable and you may have difficulties repaying the loan. Also, expanding an office space is not a good reason for a loan either, and neither are non-essential items like office furniture, because these items are not likely to help with customer expansion, increased profits, or general business success.


10 September 2015