Avoid These 6 Risky Business Names If You Want Funding Fast
Planning to build business credit or apply for funding? The name you choose for your business could make or break your approval. Some industries are considered “high-risk” by banks and lenders—even if your business is completely legit.
Here are 6 names to avoid when naming your business:
1. Credit – Automatically flagged as financial risk
2. Trucking – Seen as a liability-heavy industry
3. Restaurant – High failure rate = higher risk
4. Cannabis – Still federally restricted in many places
5. Real Estate – Considered volatile and market-dependent
6. Construction – Associated with high debt-to-income ratios
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Travis Goodwin
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Avoid These 6 Risky Business Names If You Want Funding Fast
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