CreditStrong for Business

AUGUST 30, 2024

Your cardholder agreement may also set limits on which types of transactions earn rewards. But if you still have a balance on that card, it’ll still count against you when credit scoring models calculate your credit score. A high credit utilization rate is generally associated with lower credit scores.

Credit Scoring 52

Credit Scoring Credit Card Companies Credit and Collections Deductions 52

Credibly

AUGUST 13, 2024

Early instances of fintech include Square, which was founded in 2009. This empowered small businesses to accept credit cards via mobile devices. Improved convenience for customers Fintech enables businesses to provide customers with faster and more convenient ways to make transactions.

Small Businesses 52

Small Businesses Credit Scoring Transactions 52

Fundera

MAY 17, 2017

The card has no foreign transaction fees, and its $89 annual fee is waived in the first year. Finally, you get free online FICO score access, MasterCard Elite concierge service, and travel accident and trip cancellation insurance. Second: Federal regulations on consumer credit cards are stronger than those on business credit cards.

Credit Scoring 71

Credit Scoring Transactions Small Businesses 71

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

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. Kabbage focuses on one product for small business owners: a line of credit.

Small Businesses 76

Small Businesses Credit Scoring Credit and Collections Investment Firms 76

Fundera

JULY 18, 2018

A credit card can work well for starting your venture, though we’d would recommend a business credit card in favor of a personal card. 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.

Nonprofit Organizations 75

Nonprofit Organizations Credit Scoring Transactions Small Businesses 75