Fundera

SEPTEMBER 5, 2019

Small Business Credit Scores. What goes into a credit score, anyway? Credit scores are extremely important for your business—both your personal credit score and your business credit score. A single late payment can drop an excellent credit score by 100 points!).

Small Businesses 109

Small Businesses Credit Scoring Credit Unions Insurance Companies 109

Fundera

MARCH 7, 2019

Business Statistics: Credit Scores. What goes into a credit score, anyway? Credit scores are extremely important for your business—both your personal credit score and your business credit score. A single late payment can drop an excellent credit score by 100 points!).

Credit Scoring 109

Credit Scoring Small Businesses Credit Unions Insurance Companies 109

Fundera

OCTOBER 16, 2015

Personal credit scores. Both Kabbage and OnDeck focus on your personal credit score, as opposed to your business credit score, which can be helpful if your business credit score is less than perfect or if you haven’t built up much of a history yet. Minimal time in business.

Small Businesses 102

Small Businesses Credit Scoring Deductions Default 102

Fundera

MAY 14, 2018

Do I need a minimum credit score to apply for a business credit card? Just like a small business loan , your credit card issuer is taking a risk when they approve your business credit card application. Your personal credit score is one of a creditor’s best tools for measuring your financial responsibility.

Credit Scoring 84

Credit Scoring Small Businesses Transactions 84

Fundera

AUGUST 12, 2018

While you’ll need to provide a slew of credentials to qualify for a small business loan —like strong revenue, time in business, credit score, industry risk, and more—credit card companies won’t ask for nearly as many qualifications on their applications. …and your personal credit score.

Credit Scoring 63

Credit Scoring Credit Card Companies Small Businesses Transactions 63

Fundera

DECEMBER 27, 2016

Business credit cards aren’t monitored and controlled as closely as personal credit cards are. Specifically, consumer protection laws—like the Credit Card Act of 2009—usually don’t apply to your business through a business credit card. Small businesses might not be covered the same by consumer protections.

Credit Scoring 72

Credit Scoring Small Businesses 72

Fundera

MAY 17, 2017

Second: Federal regulations on consumer credit cards are stronger than those on business credit cards. Many protections afforded by the 2009 Credit CARD Act only apply to personal credit cards—advanced notice on APR increases and limits on fees, for example. Check Your Business Credit Card Options.

Credit Scoring 71

Credit Scoring Transactions Small Businesses 71

Fundera

MAY 6, 2016

Between the middle of 2009 and the middle of 2013, 60% of the jobs created were from small businesses. Small Business Statistics: Credit Scores. What goes into a credit score, anyway? Credit scores are extremely important for your business—both your personal credit score and your business credit score.

Small Businesses 75

Small Businesses Credit Scoring Credit Unions Insurance Companies 75

Fundera

FEBRUARY 28, 2017

You need to be prepared to pay off what you spend on a credit card each month without being reminded to do so—otherwise, you’ll incur interest payments, late fees, and take hits to your credit score. And along those lines, do you fully understand how your credit card and credit score relate?

Credit Scoring 75

Credit Scoring Credit Card Payments Credit Card Companies Deductions 75

Fundera

AUGUST 26, 2018

The biggest consideration for card issuers is your personal credit score—if you’re responsible with your personal debt, as indicated by your credit history, you’re lower risk for a business credit card. With that in mind, remember when you applied for your business credit card with your personal credit score?

Chapter 11 65

Chapter 11 Bankruptcy Chapter 7 Credit Card Companies 65

Fundera

FEBRUARY 16, 2016

It’s not an unfair assumption to make that if a borrower can convince 3 to 5 people to invest money into their business venture, then they’ve probably got a good chance of success—even if they lack the financial documents or credit history to prove it. CAN Capital. And CAN Capital has speed down to a science.

Small Businesses 76

Small Businesses Credit Scoring Credit and Collections Investment Firms 76

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.

Nonprofit Organizations 75

Nonprofit Organizations Credit Scoring Transactions Small Businesses 75

Abrigo

JULY 22, 2022

Cryptocurrency was first introduced in 2009 and is lauded for providing a level of privacy and security that traditional banking cannot guarantee. Interest rates are relatively low—often in the single digits—and there's generally no credit check required. trillion last fall to less than $900 billion today. .

Transactions 78

Transactions Credit Unions Credit Scoring 78