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 through the Fundability™ business credit building software, a digital platform designed to help business owners learn about, establish, and track elements related to business credit.
To learn more about getting started with your program, click here!
What is Fundability?
Fundability, as a general business concept, refers to 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. A business's fundability is not just about having good business credit; it involves the overall structure and financial health of a business, ensuring it meets common 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.
The Fundability™ business credit building software is a digital platform designed to help business owners better understand factors that may influence their fundability. Through analysis of key Fundability Factors™, the Fundability™ platform provides insights intended to support business credibility and financial preparedness.
Key Features:
Fundability Foundation™ check to help identify whether your business aligns with common lender approval criteria.
Credit optimization tools designed to support business credit building and management.
Business Credit Builder to guide businesses in establishing and strengthening their business credit history.
Fundability Score™ through a proprietary scoring system designed to evaluate factors related to a business’s funding readiness.
Funding roadmap to provide step-by-step educational guidance related to business financing.
Business funding matching tools designed to help identify potential funding options.
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. The Fundability™ platform helps businesses address these challenges by:
Supporting Funding Readiness—By helping businesses better understand common lender expectations, the Fundability™ platform supports funding readiness.
Improving Financial Positioning—Businesses that improve their fundability may be better positioned when seeking business financing opportunities.
Supporting Long-Term Financial Health—The platform provides tools and educational resources designed to support long-term financial planning.
By using Fundability™ business credit building software, business owners can take a more informed approach to preparing for future business financing opportunities.
Fundability™ is a trademark of Selkirk Technology Inc. in the United States and/or other countries.