At one point or another, every entrepreneur and established business owner faces the issue of funding. There is a long list of reasons why a company may need additional capital, from rapid growth and expansion needs to unexpected costs and… Read More »Business vs. Personal Loan: 4 Reasons to Opt for Business Loans
Both your personal and business credit status affect your business. That’s it! Enough light has been shed on that. So, if you haven’t made changes, then you’re the main reason your company isn’t getting enough financial backing when things are… Read More »Does Your Credit Score Reflect Your Performance? — Here’s Experts Advice on How You Can Influence Your Business Credit
Those who have applied for a small business loan, taken out a mortgage, or signed up for a business credit card, know what credit check or credit inquiry is. A credit inquiry helps lenders and financial entities determine whether you… Read More »Hard Vs Soft Credit Inquiries. Do They Impact Your Credit?
One of the more innovative products available in the alternative lending marketplace is an ACH loan (sometimes called an ACH advance or cash flow loan). ACH loans are a broad category of business loans that are specific in the way… Read More »Is It Difficult to Get an ACH Loan?
As of 2016, there were 28.8 million small businesses, which represented 99.7% of US businesses, according to the SBA. As of 2017, big banks only approved nearly 24.1% of small business loans. Smaller banks approved around 48.9%. Alternative lenders approved… Read More »How to Build Good Business Credit with Bad Personal Credit
Many small business owners don’t keep their business and personal credits separate and use personal credit to run their business. In fact, acting like this could put you at risk if your business sinks. Moreover, today, many creditors don’t rely… Read More »How to Keep Your Business and Personal Credits Separate | Why Is This Important?
Do you have blank credit files? This can create challenges for you as a small business or startup owner. If you think there isn’t anything negative in a blank credit file, it’s not true: empty credit files are as bad… Read More »Any Idea What’s In Your Business Credit File?
If you’re a small business, a line of credit can be the right option for you as you can use it to fund a variety of business needs. A small business line of credit can help you build a credit… Read More »Securing a Line of Credit
Trying to start a business with a bad credit history can feel next to impossible. Traditional lenders are unwilling to work with an entrepreneur with a less than stellar credit score. So, when the business finds itself in need of… Read More »How the Small Business Owner Can Solve Bad Credit Issues
When you open a business, it immediately starts writing its credit history, based on the loans you borrow and the transactions you make. This information is gathered and managed by credit bureaus, who use it to generate reports and issue… Read More »A Few Simple Tips to Managing your Business Credit
