Your Virtual Credit Manager

AUGUST 27, 2024

Whether it’s fair to blame climate change or not, heightened awareness of natural disasters has amplified fears about supply chain disruptions—fears also exacerbated by the Covid-19 pandemic and the near collapse of the financial system in 2008. it just might help them collect faster and pay you sooner.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

Fundera

MARCH 7, 2018

If you’re a longstanding customer of Regions Bank, for example, you might be considering the pros and cons of the Regions small business loan as a funding option for your business. The vast majority of Regions small business loan options are found through loan programs offered through the U.S.

Small Businesses 52

Small Businesses Credit Scoring 52

Fundera

FEBRUARY 18, 2016

Here’s something that most new entrepreneurs learn very early: even the best business idea can’t fully blossom if there isn’t enough capital to support it. A healthy business needs growth—and growth takes money. In many cases, small business owners opt for a loan. Real Property. Real Property.

Default 75

Default Credit Scoring Small Businesses 75

Fundera

JUNE 22, 2016

Just 10 years ago, the phrase “alternative lending” wouldn’t have meant too much to small business owners. But now, alternative lending is an important part of the business financing industry. Without alternative lending, there would be less business financing to go around. But what is alternative lending? That change?

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76

Due

OCTOBER 20, 2023

Since the 2008 financial crisis, most small businesses and individuals looking to launch their startups have had limited options in securing funding. What was once considered an economic anchor of the United States, small businesses now account for less than 50 percent of the GDP.

Small Businesses 52

Small Businesses Credit Scoring Credit Risk 52

Fundera

JUNE 13, 2018

As you research small business loans , you might come across a few financing methods that you didn’t even know existed. Term loans are common in business financing. Te rm loans are a lump sum of cash that a lender deposits right into an approved borrower’s business bank account. 9+ months in business.

Credit Scoring 74

Credit Scoring Default Small Businesses Credit Unions 74

Fundera

JANUARY 7, 2016

There’s a reason why the old phrase “you have to spend money to make money” is so prevalent—because access to capital is the lifeblood of any business, and small businesses in particular. No two situations are exactly alike, so every business owner has to answer this question for herself.

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76

Credibly

JUNE 16, 2023

For the first time since the coronavirus pandemic began, small businesses in 2022 reported rising revenues and increased employment over the previous 12 months. That’s according to the Federal Reserve’s 2023 Small Business Credit Survey. The findings include only small businesses that are employers.

Small Businesses 40

Small Businesses Credit Scoring Transactions 40

Fundera

MARCH 11, 2019

Having a high credit score can help you get a low APR. You may find yourself asking this question for a variety of reasons, such as when applying for a credit card or comparing business loan offers. A higher credit score will qualify you for a lower APR. Most importantly, maintain a good credit score.

Credit Scoring 67

Credit Scoring Credit Card Companies Transactions Small Businesses 67

Fundera

NOVEMBER 29, 2019

When you obtain a small business loan , you will need to sign a loan agreement with the lender. One of the clauses in your loan agreement—one that could significantly impact your business’s future—could be a confession of judgment. You can end up losing your business if the lender decides to enforce a confession of judgment.

Default 63

Default Credit Scoring Small Businesses 63

Fundera

DECEMBER 1, 2019

Having a high credit score can help you get a lower APR. Annual percentage rate, or APR, is a term that you’ve probably seen many times—whether in a personal or business context. First, it’s important to note that a higher credit score will qualify you for a lower APR.

Credit Scoring 74

Credit Scoring Transactions Credit Card Companies Small Businesses 74

Fundera

OCTOBER 29, 2017

It doesn’t matter if you are trying to better understand your credit card statement or seeking a loan for your small business , once you understand the finer details of APR you will have an easier time managing your finances, and knowing when your APR is too expensive. A higher credit score will qualify you for a lower APR.

Credit Scoring 65

Credit Scoring Credit Card Companies Transactions Small Businesses 65

Credibly

SEPTEMBER 18, 2022

Since the financial crisis in 2008, banks have become very particular about who they loan money to. Small business owners have mostly been cast aside. Small businesses like a laundromat are considered a higher risk than large businesses. Alternative Financing for Laundry Business.

Credit Scoring 52

Credit Scoring Small Businesses 52

Credibly

MAY 28, 2024

The future of lending When the 2008 Great Recession brought economic decline, traditional banks began to tighten lending restrictions. As a result, businesses in need of financing assistance had fewer options available to them. Learn more about financing options for business: What sources of capital are best for business?

Credit Scoring 40

Credit Scoring Credit and Collections Cybersecurity Small Businesses 40

Fundera

MAY 4, 2018

Loan stacking, which is when a borrower takes out multiple business loans from different lenders at the same time, is becoming increasingly common. Since the 2008 recession, banks have cut down on lending to small business owners. Risks of Loan Stacking for Small Business Owners.

Default 77

Default Credit and Collections Small Businesses Credit Scoring 77

Fundera

JANUARY 14, 2019

When you obtain a small business loan , you will need to sign a loan agreement with the lender. One of the clauses in your loan agreement—one that could significantly impact your business’s future—could be a confession of judgment. You can end up losing your business if the lender decides to enforce a confession of judgment.

Default 49

Default Credit Scoring Small Businesses 49

Fundera

DECEMBER 28, 2019

That’s because banks don’t lend to many borrowers, especially since the 2008 financial crisis, so only the absolute most qualified borrowers with lots of existing experience in business, very strong credit, and a strong financial track record generally qualify. In fact, only about 27% of small businesses find funding from banks.

Credit Scoring 52

Credit Scoring Default Small Businesses 52

Fundera

APRIL 15, 2020

Founded in 2008, Kabbage was among the first wave of online lenders. Since then, they’ve become one of the most reputable online lending platforms, and a go-to source for business owners seeking revolving lines of credit. – One year in business. – 500 personal credit score. Interest rate of 1.5%

Credit Scoring 52

Credit Scoring Credit and Collections Nonprofit Organizations Brokerages 52

Fundera

NOVEMBER 2, 2018

A conventional bank loan is often most business owners’ first stop in their search for small business financing, including self storage loans. However, the inconvenient truth is that small business owners were defaulting on their bank loans leading up to the 2008 economy crash.

Credit Scoring 45

Credit Scoring Default Small Businesses 45

Fundera

JULY 18, 2018

So, even if you don’t have an established concept and customer base, you might still qualify for equipment financing from an online lender—especially if you have a strong personal credit history. Your lender will want to see your credit score, of course, and an equipment quote, too. Link to Craigslist ad in bio.

Nonprofit Organizations 75

Nonprofit Organizations Credit Scoring Transactions Small Businesses 75

Credibly

APRIL 10, 2023

Table of Contents What is a Recession-Proof Business? 10 Recession-Proof Business Ideas How to Make Your Business Recession-Proof How a Small Business Loan Can Help Many assume that a recession is a terrible time to start a business. What Kind of Loan Will Recession-Proof My Business?

Credit Scoring 40

Credit Scoring Small Businesses 40

Credibly

APRIL 10, 2023

Table of Contents What is a Recession-Proof Business? 10 Recession-Proof Business Ideas How to Make Your Business Recession-Proof How a Small Business Loan Can Help Many assume that a recession is a terrible time to start a business. What Kind of Loan Will Recession-Proof My Business?

Credit Scoring 40

Credit Scoring Small Businesses 40

Due

SEPTEMBER 24, 2024

The New Retirement Security A secure retirement encompasses more than just financial stability; it includes maintaining a desired standard of living, covering healthcare costs, maintaining a good credit score, and having the flexibility to manage unforeseen expenses. It hovered between 3 and 5 percent per year.

Credit Scoring 52

Credit Scoring Deductions Small Businesses 52

CreditStrong for Business

JANUARY 10, 2025

You can apply for an employer identification number (EIN) for your small business directly with the IRS. An EIN is a nine-digit number that identifies your business for tax and credit purposes, along with other reasons. It’s similar to a Social Security number for individuals but is instead for businesses.

Nonprofit Organizations 52

Nonprofit Organizations Credit and Collections Credit Unions Bankruptcy 52

Fundera

MARCH 20, 2017

As a country, we’re waiting to see what the Trump administration will do on many fronts, but one subject that could impact your small business more than you might know is financial regulation. But aside from the fact that they’re more likely to lend to small businesses, what are some of the benefits of working with a community bank?

Small Businesses 65

Small Businesses Credit Scoring 65