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What Is a Good Credit Score, and Why Should You Care?

Fundera

Even before you began your search for small business loans , you’ve more than likely heard of a credit score. You’ve also more than likely heard of a good credit score, too. Here’s the gist of it: Your credit score is a numerical indication of how responsibly you’ve handled your financial obligations.

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What Is a Good Credit Score? (And How to Get One ASAP)

Fundera

Credit scores have become a huge part of our lives. There’s no question a good credit score is crucial for so many varying parts of our lives, but the questions stands—what is a good credit score? What is the score you need to get the best credit card, mortgage, business loan , auto loan, etc.,

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Alternative Business Loans for Your Small Business

Lendio

Alternative business loans are business loans, lines of credit or other forms of business financing offered by lenders other than traditional banks. Since 2012, more than 100 participants have entered the alternative lending industry. Tip: Some business credit scoring models may reward you more if you pay early.)

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How Long Do Credit Inquiries Stay on Your Credit Report?

Fundera

When do credit inquiries fall off your report? Your quick answer is this: Credit inquiries stay on your credit report for a maximum of two years —but they’ll only impact your FICO credit score for a maximum of 12 months. To fully get into it, we first need to cover the different types of credit inquiries.

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How to Mitigate Ag Lending Risks

Abrigo

The following article is based on the whitepaper, The Ag Lender’s Survival Guide by Rob Newberry, SVP of Credit Risk Services at Abrigo. Today, most of farmers’ cash reserves that were built up in 2012-2014 are at, or nearing, depletion. Individual credit score (FICO). To download the whitepaper, click here.

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How to Refinance a Car Loan With Bad Credit

CreditStrong for Business

Individuals wanting to refinance a bad credit car loan that still have a low credit score might be disappointed. Obtaining better interest rates than your existing loan is much more likely when your credit history and credit score have improved. Can You Refinance Your Car Loan When You Have Bad Credit?

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How to Find SBA Real Estate Loans for Your Small Business

Fundera

Although there is no loan minimum, the average loan amount in fiscal year 2012 was $337,730, according to the SBA. Banks often won’t lend to businesses with credit scores lower than 700 or companies which haven’t been in business for at least a few years. Lenders can loan a maximum of $5 million under this program.