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Most business owners don’trealize lenders classify their business by a single code before reviewing funding requests.
That code is your NAICScode—and it determines whether your industry is seen as low-risk or high-risk by banks and lenders.
In this video, I explain:
• What a NAICS code is
• Why lenders use NAICS codes to manage risk
• Which low-risk NAICS codes lenders prefer
Choosing the right NAICScode helps you avoid unnecessary scrutiny and positions your business for smoother approvals.
#businesscreditisrealpresented by
Noel A. Booker Sr.
BusinessCreditBuilder.us
By BUSINESS CREDIT BUILDERMost business owners don’trealize lenders classify their business by a single code before reviewing funding requests.
That code is your NAICScode—and it determines whether your industry is seen as low-risk or high-risk by banks and lenders.
In this video, I explain:
• What a NAICS code is
• Why lenders use NAICS codes to manage risk
• Which low-risk NAICS codes lenders prefer
Choosing the right NAICScode helps you avoid unnecessary scrutiny and positions your business for smoother approvals.
#businesscreditisrealpresented by
Noel A. Booker Sr.
BusinessCreditBuilder.us