

![]() Close
Resource Nation has leveraged our relationship with Experian, a global leader of information services, to assist in the prescreening of each vendor in our network. The prescreening process helps to reduce the risk of working with a questionable company and allows buyers to view detailed background information on each of the vendors in our network.
As vendors join Resource Nation's network, a search is done to identify the vendor in Experian's database. If a report is available, Experian® is simply verifying that the business was in good standing with its state business filing at the time the report was run. Vendors that have a full Experian report available will say "prescreened" next to the contact information with a link to the Experian report. The Experian report may include the following information: Resource Nation attempts to prescreen every vendor in our network, however, not all vendors may have a report available (E.g. a new sole proprietor may not yet have a report available.) Even after viewing a full report, it is recommended that buyer conduct their own due diligence before selecting a vendor. Resource Nation uses Experian as an independent third party to provide information on each of the vendors in our network (or to mark that a report is not available). Experian may not have all state filing information. Please check with the appropriate government agency for up to date information. While Resource Nation may view the additional information in the report and in some cases may exclude a vendor from its network, Resource Nation is not representing that the information in the Experian reports would qualify the vendor to perform the services requested by the buyer. Through the links provided by Resource Nation, buyers are able to purchase the full Experian report for $8/report or $29.92/report and perform their own due diligence to make a judgment on their own. Buyers agree not to rely solely on the Experian Reports or Resource Nation's pre-screening process when choosing a vendor and therefore hold harmless and release Resource Nation for any such claims. * In some cases the vendor's business phone number cannot be verified to match the number on a credit report. Purchasers are encouraged to purchase the full Experian report to perform their own background checks and identify verification. | Takes only 1 minute |






What to Know About Small Business Loans
Your personal credit is the best benchmark a financial institution has when deciding how much of a risk your loan would be. Make sure to pay off old debts and get your FICA score up in order to not only secure the loan, but also to get the best rate as well.
Your business plan should be well written and you should be well-versed with its contents. A lender wants to lend to someone who is not only knowledgeable, but also passionate about the business. Knowing your business plan gets both of these points across.
Decide and designate where you will be using the money specifically so you can convey the need for the money more specifically to lenders.
Don't give up! Just because you get rejected once, doesn't mean someone won't give you the money. Ask for the reasons why you were turned down and adjust your pitch for the next meeting.
Questions to Ask Yourself Before Applying
-What is my personal credit score? If you're not sure, you should get a free credit report and find out. You may need to do some cleaning up before applying for a loan for your business.
-Do I have a plan? Make sure you not only have a business plan, but also a plan for the specific use of the money.
-What repayment terms am I comfortable with? Make sure you know your limits and what you are able to repay per month.