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How Is a FICO Score Calculated? 5 Factors That Go Into Your Score

Fundera

Chances are you’ve heard of your FICO score and consider it pretty much interchangeable with your “credit score.” This article will explore how one corporation came to be synonymous with the “credit scoring” industry and give a little insight into how a FICO score is calculated based on your credit history.

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Big Boss, Small Salary: Study Finds Most Business Owners Earn Less

Fundera

between 1993 and 2011—they’re America’s job creators for a reason. Respondents were asked 79 questions across 5 categories: demographics, credit scores and credit cards, lending, lifestyle, and economic outlook. And, they’re not the only ones that benefit. Small businesses created 64% of net new jobs in the U.S.

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Looking for Affordable Cash for Your Business? Kabbage Can Help

Fundera

Kabbage , which started extending loans in 2011, now extends over $1 billion in small business financing a year. Their flexible lines of credit of up to $100,000 are paid back over 6 or 12 months. There’s no minimum credit score or business size to consider. What Are The Requirements?

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10 Recession-Proof Businesses You Should Consider

Credibly

Learn more about how to run a successful small business with these blogs: Small Business Guide to COVID-19 How to Check Your Business’s Credit Score (And Why You Should) A Comprehensive Guide to Business Debt Management 10 Recession-Proof Business Ideas 1. billion in 2011 to $109.5 billion in 2020.

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10 Recession-Proof Businesses You Should Consider

Credibly

Learn more about how to run a successful small business with these blogs: Small Business Guide to COVID-19 How to Check Your Business’s Credit Score (And Why You Should) A Comprehensive Guide to Business Debt Management 10 Recession-Proof Business Ideas 1. billion in 2011 to $109.5 billion in 2020.

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OCC warns about increasing credit risk

Abrigo

In fact, Curry noted that at the end of the second quarter of 2015, “auto lending represented more than 10 percent of retail credit in OCC-regulated institutions, up from 7 percent in the second quarter of 2011.” In addition, more banks are packaging auto loans into asset-backed securities as opposed to holding them in a portfolio.

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SBA Community Advantage Loans: The Comprehensive Guide

Fundera

This being said, the SBA Community Advantage loan program was created in 2011 to “meet the credit, management, and technical assistance needs of small businesses in underserved markets.” Of course, the lender is able to make some of their own credit requirements as well.