USING A VIRTUAL ADDRESS
USING A VIRTUAL ADDRESS
Business Fundability
Business fundability is your business’s ability to meet lender and credit issuer approval criteria to qualify for financing.
Common Reasons
One of the most common reasons business credit applications are denied is because the business address doesn’t meet certain criteria that business lenders and business credit issuers require.
Components
One of the components that determines your business fundability is your business address.
Using a Virtual Address
Operating A Business
If you are operating a business from your home and are using your home address on business loan and credit card applications, you will get denied by most lenders and credit issuers.
Specific Algorithm
Lenders use a specific algorithm to easily determine the type of address you provide on applications.
Po Boxes Or Ups
Never use PO boxes or UPS addresses on applications for funding or you will get denied loans.
Physical Business Address
The best address to use to get approved is a physical business address because most successful businesses operate out of a physical office.
Physical Business Address
The best address to use to get approved is a physical business address because most successful businesses operate out of a physical office.
Virtual Address
If your business does not have a physical address, a good alternative is a virtual address.
Mailing Address
A virtual address allows you to rent a mailing address and conference room from a large and credible office building.
Expensive Rent Or Lease
With a virtual address, you do not have to pay an expensive rent or lease.
Regis, Alliance, Or Da Vinci
You can buy a virtual address from companies such as Regis, Alliance, or Da Vinci.
Lender’s Perspective
From a lender’s perspective, your business will look incredibly professional through renting out a space in a credible building, even though your business isn’t actually located there.
Secretary Of State
Ensure your address is the same on all your online and offline business records, especially with the Secretary of State.
