The time has come: you’re opening a new business credit card account, or perhaps applying for a small business loan. And you know exactly what’s coming: someone’s going to have to perform a credit check. Even if you have stellar credit, you panic a bit. You ask yourself, Is this going to lower my credit […]
What is a Hard Credit Pull And Why Does It Hurt Your Credit Score Read More »
The massive Equifax data breach that exposed personal information of millions of consumers should be of extra concern to small business owners. After all, it’s not just their personal information that’s at risk; a data breach like this can also put their businesses at risk. For many small business owners, personal and business credit is
Entrepreneurs: 5 Reasons Why the Equifax Breach Could Seriously Hurt Your Business Read More »
By Jeff Allston You’ve drеаmеd оf bеіng dеbt-frее, аnd аftеr years of реrѕіѕtеnсе, ѕасrіfісе, and delayed gratification, уоu’vе paid off that lаѕt credit саrd bіll. Congratulations, but уоur fіnаnсіаl jоurnеу is nоwhеrе nеаr оvеr. Bесоmіng dеbt-frее doesn’t mеаn уоu ѕuddеnlу have аll the fіnаnсіаl аnѕwеrѕ. You have tо guаrd аgаіnѕt bасkѕlіdіng, аnd plot уоur new
12 Financial Steps to Take After Paying Off Debt Read More »
It can be nerve-racking to step into a room with busy people and, in the short time you have available, get them excited about your project—one you know is solid. While part of preparing for that meeting is getting your numbers together, the way the information is presented matters a lot, too. So how do you
Running a business is expensive. Beyond the large costs you need to cover every month or every few weeks — your office space and employee payroll, for example — there are always small things that need to be taken care of daily. As a business owner, you know how important your cash flow is to
Why Every Business Owner Needs Access to a Revolving Line of Credit Read More »
If there’s one type of business funding that’s heads and tails above the rest, the SBA 7(a) loan is it. A Small Business Administration loan is issued by approved financial institutions, partially guaranteed by the government, and can be used for a variety of reasons. Since it is paid back over a long period of
Here’s What You Need to Qualify for an SBA 7(a) Loan Read More »
A strong credit history can unlock major doors for your business. With an outstanding credit score, you’ll have access to more flexible and affordable financing options, giving you even more control over when and how your business grows. There are a number of ways to build up your credit—business credit cards and lines of credit,
Is It Possible to Build Your Credit With a Loan? Read More »
By Carl Faulds When you’re looking for a business loan, you naturally want to get the best deal possible. But with some lenders quoting APR and others a straightforward interest rate, it can sometimes feel like you’re comparing apples to oranges. In this in-depth article, we’ll look at what the headline figures really mean—giving you the
By Carl Faulds When you’re seeking financing, particularly financing to power growth, it’s all too easy to overlook one important question: Can your small business actually afford the borrowing? Here are steps to take to determine whether your small business can afford a loan. Calculating your debt service coverage ratio To understand what you can
Can Your Company Actually Afford a Small Business Loan? Read More »
Do you monitor your credit scores and reports? If you do, and you have a judgment or tax lien on your credit reports, you may be in for a welcome surprise. After July 1, 2017, many of those items won’t appear on credit reports. For some, this change could result in a credit score boost.
Small Business Owners May See a Credit Score Boost Read More »
