Obtaining credit for your business has some simple straight forward things to do. However, there are a few things you shouldn’t do. What you call your business can “red flag” the funding process.

Some things to consider when choosing a name for your business. First, see if the name is available from your state’s Secretary of State. Another company may already be using it. If your choice is available what next?

Due diligence would suggest you check to see that the name is not trademarked or patented.
Now, what not to do. There are certain words to avoid if at all possible.

Avoid words in your name relating to finance or real estate. For example, John’s Real Estate Investment Advisor Services, Inc. might sound great. Unfortunately, that name has two red flags in it; real estate and investment.

However, John’s Management & Consulting Services, Inc. will have a far greater level of success to obtaining company funding just by changing a couple of words.

When choosing your business’s name just think about it in those terms. Does it sound speculative or risky? If it will raise suspicion to a lender, then think of an alternative word instead.