Building business credit is an important step in your entrepreneurial journey. It is the key to securing better financing, lower interest rates, and higher credit limits without relying on personal credit. Strong business credit also boosts your company’s credibility and can open doors to new opportunities, from vendor partnerships to leasing office space. It’s a smart move for long-term growth and financial stability!
PRIME’s business credit program is provided by Fundability®, a premium digital solution for learning about, starting, and tracking your business credit.
To learn more about getting started with your program, click here!
What is Fundability?
“Fundability,” as a word, is a business’s ability to qualify for financing, credit, and funding opportunities from banks, lenders, and investors. It encompasses various factors that influence a company’s credibility and risk assessment in the eyes of financial institutions. Your fundability is not just about having good business credit; it involves the overall structure and financial health of a business, ensuring it meets lender and creditor requirements. A crucial part of fundability is building strong business credit, which helps separate personal and business finances, improves credibility, and increases the chances of securing financing. By establishing a solid business credit profile, companies can better match with business financing options that suit their needs.
Fundability, as a program, is an innovative platform designed to help business owners understand and optimize their fundability. Through an in-depth analysis of key Fundability Factors™, Fundability provides actionable insights to enhance business credibility, improve financial positioning, and unlock access to business funding.
Key Features:
Fundability Foundation™ check to ensure your business meets lender approval criteria.
Credit optimization to help build and manage both business
Business Credit Builder to guide businesses in establishing and strengthening their business credit history.
Fundability Score™ through a proprietary scoring system, which evaluates and improves a business’s ability to obtain funding.
Funding roadmap to provide step-by-step guidance to secure business financing.
Business Funding matching to connect businesses with the best funding options available.
Fundability Advisor Team to offer professional insights to improve fundability and secure financial growth.
Why is Fundability impactful?
Many businesses struggle to secure financing due to common mistakes like improper business structuring, weak credit profiles, or non-compliance with lender requirements. Fundability helps businesses overcome these obstacles by:
Increasing Approval Rates—By ensuring a business is lender-ready, Fundability significantly boosts chances of loan and credit approvals.
Unlocking Better Financial Opportunities—Businesses with strong fundability can access larger credit lines, better interest rates, and more favorable loan terms. This allows business owners to use their business financing to run their business instead of using personal financing.
Building Long-Term Financial Success—The platform equips business owners with the tools and knowledge to maintain strong financial standing for sustainable growth.
By leveraging Fundability, business owners can take control of their financial future and confidently pursue the funding they need to thrive.