Build Your Credit, Unlock SBA Funding & Transform Your Business
- Natasha L
- Nov 13
- 3 min read
(Insights from the M&T Bank Podcast Breakdown) : Link = https://youtu.be/qPCR9EHdUQc?si=kPY4hxS7x2Cj49ox
Video Summary
In this powerful episode of El Pod Latino in Vivo, Jen Profetta from M&T Bank breaks down exactly how entrepreneurs can build their credit, qualify for SBA financing, and position their businesses for long-term success.
Whether you're rebuilding your personal credit, trying to understand business credit, or preparing to apply for funding, this episode delivers game-changing clarity—and now you can take action on it immediately.
💳 What Credit Really Means for Entrepreneurs
Credit is more than a score—it's your financial passport.It determines whether you get approved, denied, or charged higher interest for loans, credit cards, mortgages, and even business funding.
The truth is this:👉 Most businesses don’t fail because of bad ideas. They fail because of bad credit and insufficient access to capital.
🌱 How to Start Building or Rebuilding Credit
Jen outlines several proven strategies anyone can use:
✔️ Secured Credit Cards
Use your own deposit as collateral and build positive payment history.
✔️ Become an Authorized User
Piggyback on someone’s strong credit (with permission).
✔️ Microloans & Small Installment Loans
Borrow tiny amounts—$300 to $1,000—just to build credit.
✔️ Reporting Your Bills
Use credit boost tools to report rent, utilities, and cell phone payments.
These steps help lay the foundation for business funding later.
📊 What Impacts Your Credit Score
Jen breaks it down simply:
35% – Payment History
30% – Credit Utilization (keep it under 30%)
15% – Length of Credit History
10% – Credit Mix
10% – Hard Inquiries
This is why the FIRST priority for any entrepreneur should be cleaning up their credit report, lowering utilization, and establishing positive trade lines.
🏢 Business Credit vs. Personal Credit
You start with your personal credit, but eventually:
Your EIN becomes your business’s identity
Vendors, banks, and the SBA look at your business credit profile
You build commercial credit scores like PAYDEX and Intelliscore
But your personal credit still determines your funding, especially in the first 2–3 years.
💰 SBA Loans: The Path to Larger Funding
SBA loans are NOT given directly by the SBA.They are provided by banks like M&T, and the government guarantees a portion, reducing risk to lenders.
This is why SBA loans are accessible even when:
✔️ Your credit isn’t perfect✔️ You have limited collateral✔️ You are still growing your business
The key is preparation—clean credit, organized financials, separated business accounts, and a relationship with a lender.
💡 Key Takeaways
Good credit → Better funding, better interest rates, better opportunities.
Credit Karma is a guide—but not always accurate.
A 650–680 score is workable…
But 720+ opens up major funding doors.
SBA loans help early-stage businesses build credibility.
Personal and business finances MUST be separated.
Building relationships with banks creates long-term approval power.
🔥 READY TO TAKE ACTION?
If you're serious about:
✨ Repairing your credit
✨ Building business credit
✨ Positioning your business for $25K–$250K+ funding
✨ Becoming fully SBA-ready
Then don’t wait.
👉 Book Your Credit Repair + Business Funding Appointment Now
You’ll receive:
✔️ A full credit analysis
✔️ Personalized funding strategy
✔️ Step-by-step business credit blueprint
✔️ Direct lender match options
✔️ A roadmap to SBA readiness
🔑 Keywords
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