Dealing with a bad consumer credit score is frustrating, but does it impact your business credit score? While these two numbers may be related by performing similar roles in your personal and business lives, they aren’t linked. Keep scrolling to learn more. What Is Your Business Credit Score? Much like your consumer score, your business credit is a risk assessment tool that … [Read more...]
It can be difficult to find that your company is struggling financially and can’t get a loan due to a low credit score. Building business credit is a vital part of running a company, and that score is going to affect everything from loan interest rates to what types of credit lines you can open. Luckily, most small business owners can greatly improve their credit scores in a … [Read more...]
The ability to detect when a supplier, customer, or business partner is facing financial uncertainty is an important aspect in safeguarding your own company. If the warning signs are overlooked for too long, then the results can have a detrimental effect on your business too, particularly if it involves unpaid invoices or loss of business. With companies becoming insolvent … [Read more...]
It is never too early to start developing good financial habits so you are prepared for retirement. While these habits benefit will benefit you greatly in later life, they will also help you learn to live within your means to enhance your life now. Here are seven financial habits you should start implementing now to set you up for long-term financial success. Raise Your Credit … [Read more...]
A loan is a viable financing method for any business, but what happens if you have a bad credit score? Let’s say a personal credit score of about 629 or less? Well, there's good news for you. There are a variety of options for you to choose from, even with the poorest credit score, thanks to the growth of the lending industry, which have brought about alternative lending … [Read more...]
Most entrepreneurs get their enterprises off the ground by financing them with personal funds. Although this is a tried-and-true method, what's not quite as widely known is how it might impact your credit rating. Starting a new business is exciting but also intimidating, especially when it comes to finances. Finding the right mix of capital requires educating yourself on the … [Read more...]
One of the most important questions that boggles the minds of entrepreneurs, is how to finance their business. Whether you are looking to finance your startup, or expand your current business, one possible source of capital is a business loan. To get the right kind of loan, you will need to pay attention to several crucial factors. Here are 5 tips that will help you secure a … [Read more...]
Offering a quality product or service is only one component of running a successful business. You also need an understanding of how to market that idea, get it to your customers, and make sure that your pricing model runs in step with your financial demands. While keeping your business afloat may seem like an arduous task, it’s a surmountable one. The following four obstacles … [Read more...]
Establishing and maintaining good credit for your small business can help you secure low-interest loans and to negotiate favorable terms with your suppliers. A good credit rating also can help you attract new business, since potential clients may check you business score as a way to gauge your reputation and your credibility. What is a small business credit score? Just as … [Read more...]
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