Credit

Securing funding is a pivotal milestone for any small business looking to grow and thrive. Whether you're launching a startup or expanding an existing venture, having access to capital can fuel innovation, support operations, and propel your business forward. However, navigating the landscape of...

In the realm of commerce, business credit stands as a cornerstone for growth, stability, and financial resilience. It's a pivotal tool that empowers enterprises to expand, invest, and navigate the intricate web of modern economies. Understanding its nuances, establishing it effectively, and leve...

Small businesses are the backbone of economies – driving innovation, creating jobs, and fostering local communities. However, the journey of entrepreneurship often requires financial support, and this is where small business loans come into play. Understanding the diverse types of small business...

While personal credit scores are a well-known factor affecting our financial lives, business credit often remains in the shadows – underappreciated and underutilized. Yet, for any entrepreneur or business owner, improving and maintaining a strong business credit profile can be a strategic asset ...

In today's fast-paced business landscape, it is essential for entrepreneurs and small business owners to understand the importance of maintaining a clear distinction between personal credit and business credit. Although it might be tempting to mix personal and business finances, establishing sep...

What is business credit? Business credit is when your business qualifies to receive funding in the company's name, and this funding or loan doesn’t show up on your personal credit as a loan to you but rather to your business. This funding could come in the form of credit cards, a line of cred...

The ultimate goal when seeking funding is to create both a short and long-term funding strategy specifically catered to your business. Your business’s approach to funding will have variables that differ from other businesses. However, the basic principles of building a solid business credit prof...

Business credit begins on the merits of your personal credit history. Dun & Bradstreet, Equifax, and Experian are three bureaus under which you can build creditworthiness for your business. Lenders use these business credit profiles from the bureaus to determine your creditworthiness. Signin...

Credit card stacking is a strategic method of obtaining multiple — personal and business — credit cards at once, which allows a business owner to receive potentially significant sums of capital (without collateral) through numerous funding rounds at 0% interest. The Benefits of Credit Card St...

There isn’t a cookie-cutter approach to explaining how a business owner can establish a proper relationship with a bank. Each funding approach varies because banks have specific rules and lending criteria that depend on your business type. So instead, it is essential to understand the basic prin...

Having a business website and business email address is essential for many reasons. We want to address in this article the importance of those reasons regarding your business credit profile. Why would I need a business website or business email address? First and foremost, you need a busin...

Everyone who owns a business should have a basic business plan detailing simple explanations about your company and your background. A business plan is crucial for businesses looking to obtain funding. The business plan doesn’t need to be completely flawless, but it does need to lay out the key ...

Almost all businesses that fail go under because they lack access to funding. Conversely, successful businesses succeed because they understand how to tap into affordable funding to allow low-interest rates and realistic debt. The money is yours for the taking if you know how to look for it. ...

What does it mean to be the guarantor when you sign personally for the business to get a loan? If a lender issues a loan to your business but then requires you to use the merits of your credit to secure the loan, you’re acting as the guarantor. The bad news in this scenario is that if your busin...

Credit scores are a three-digit numerical system that credit bureaus have created to determine an individual's creditworthiness. These scores range from 300 to 850. Below is a simple breakdown of an individual's credit rating using this numerical scale. 300-579: Poor credit rating. 580-69...