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Michelle Thornhill is the Senior Vice President and African American Segment Manager at Wells Fargo/Wachovia. Michelle has over 15 years of experience developing consumer initiatives for diverse audiences in the financial services and non-profit sector. Michelle earned a Bachelor of Science from Virgina Polytechnic Institute and State University, a Master of Science in Administration from Central Michigan University and a Master of Public Administration from Harvard University, the John F. Kennedy School of Government. Michelle resides in Charlotte, N.C. with her husband and two sons.

When planning to start your own business, your personal finances play a big part in its launch. Most new businesses need seed money to get off the ground which is typically done with loans. In order to get a loan, your personal finances come into play as proof of your personal guarantee. In order to increase your chances of obtaining a loan, check your credit score. If it can be improved, work on improving it before you pitch your business idea to a bank. Further, once you get your business started, open up a business checking and savings account so that you’re not using personal finances for your business. Wells Fargo offers business banking with features and solutions that help keep track of your
cash flow and meet your financial needs.

This financial tip is sponsored by Wells Fargo. For more tips and information, visit

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