Better credit helps you borrow more and at better rates. Quickly build your credit score to improve your business’s financial health, all without the need for a credit card.
Your credit score plays a key role in not only your chances of securing funding for your business, but also impacts the cost of funding. Better credit means better rates, better loan terms, and more funding choices! See the difference for yourself:
Credit scores provide a snapshot out of 100 of the financial health and creditworthiness of an individual or organisation, calculated by measuring payment and default history, levels of debt, legal problems and more. Banks, major suppliers, and lenders will check your credit score to understand your financial position of the level of risk; better credit scores usually lead to lower interest rates and increased lending options.
Your credit score is impacted by a range of factors, including your payment history, credit utilization, length of credit history, and number of new credit inquiries.
Paying your bills on time and keeping balances low will help you improve your score over time.
There are numerous ways to improve your credit score, including:
Disclaimer: Swoop Funding LLC (“Swoop”) is a financial technology platform and commercial finance broker, not a lender. Swoop does not provide loans or make credit decisions. We match US-based firms with third-party lenders, equity funds, and grant agencies. All financing is subject to lender credit approval and the specific terms and conditions of the funding provider.
Broker Compensation Disclosure: Swoop provides its platform and matching services to applicants at no direct cost. We receive compensation in the form of a commission or referral fee from the finance providers in our network upon successful placement. This compensation may vary by provider and product. In certain instances, the commission paid to Swoop may influence the interest rate or terms offered by the lender, which can affect the total amount payable under your agreement.
Credit Authorization & FCRA Notice: By submitting an application or registering an account, you provide “written instructions” to Swoop under the Fair Credit Reporting Act (FCRA) to obtain your personal and/or business credit profile from consumer reporting agencies. This information is used solely to evaluate your eligibility for financing and to match you with appropriate lenders in our network.
State-Specific Disclosures:
Florida & Utah: Swoop complies with state commercial financing disclosure laws regarding the transparency of terms for non-real estate secured commercial transactions.
Entity Information: Swoop Funding LLC is a Delaware limited liability company. US Headquarters: 43 W 23rd St, New York, NY 10010, United States. Contact: hello@swoopfunding.com
General Terms: Applicants must be 18 years of age or older. All firms must be registered and operating within the United States. SBA loans are issued by private lenders and guaranteed by the U.S. Small Business Administration; Swoop is not a government agency. Please review our Terms of Use and Privacy Policy for full details.
If you have a complaint, please refer to our Complaints Policy.
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