How important is credit when an individual wants to start a business?

Credit is very important for capitalization, particularly when you are going out and looking. You pay for financial assistance from your bank. Credit and collateral are important. Credit is not just important in starting your own business. We are a credit society, whether you are going to get a home mortgage or buy a car. It is no different than starting a business. Often that's where the SBA can help, because in some instances where there is not a long record of collateralization or poor credit, the SBA can work with banks on guaranteed loans and then the SBA assumes liability. So, we are trying to be there and help those people who may not have established their own personnel record. But we always encourage people, in fact we are going to be launching a new website just for teens next week because we know that these entrepreneurs are something that should be nurtured and encouraged. One of the components of that teen website is making sure that your credit is viable, starting as early as you can to make sure that you don't abuse your good name by taking on more debt than you can handle, and then impacting your credit. So, credit is very important, but there are ways of where SBA agents work with those individuals to assist them in getting the financial packaging they need.