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How to Accept Credit Card Payments for your Small Business

Lendio

However, there are still plenty of small businesses that operate exclusively in cash—and will continue to do so for years to come. If you’re trying to decide whether you should accept credit card payments, it’s never been easier. Why accept credit cards? Why you might not be able to accept credit cards.

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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

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Is Granting Credit Terms Worth the Risk?

Your Virtual Credit Manager

Imagine a world where extending trade credit was completely risk-free, and granting open terms of sale to business customers required no second thought. In such an ideal scenario, every customer would have both the ability and the integrity to pay their bills in full and on time, eliminating any need for a credit management.

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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

Historically, business failures increase after a recession. After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Please feel free to share this newsletter with your small business customers. For more on credit evaluations, check out this post.

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The Ultimate Guide to Managing Small Business Finances

Fundera

How to Manage Small Business Finances in 5 Comprehensive Steps. Choose a business bank account and separate your personal and business finances. Organize your business finances by using accounting software and hiring a professional. Understand and fulfill your business tax responsibilities.

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Seven Observations from Silicon Valley Bank's Failure

Your Virtual Credit Manager

Any enterprise extending credit to another business needs to have real treasury expertise. The role of credit should not be focused on preventing bad debt losses, but rather maximizing profits. Please feel free to share this newsletter with your small business customers. Learn More About Credit Reports 5.

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The Alternative Lending 25: Small Business Edition

Fundera

But in recent years—especially since the 2008 financial crisis—alternative lending has grown and grown. Invested in technology, data analysis, and special algorithms, startups began to capture the small business market previously ignored or denied by banks. The Lenders. CAN Capital.