Why Do I Need a Credit Report For a Newly Formed Business?
The State has required that all companies must have a credit report on file. The fact that it is a new company does not negate the need to have a report run on that company.
Your company and any yourself and any officer of your company can have any unpaid Liens, Judgments or non discharged Bankruptcies on the report. You will be required to show proof of satisfaction in order to receive your license.
Public Records on You and Your Company will be Checked on the Local County Levels, State Levels, and Federal Levels.
At the Department of Business and Professional Regulation you will find all of the applications and requirements for applying for a construction or electrical license. Once you have signed on you can also track your status.
The U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. SBA provides assistances primarily through its four programmatic functions.