Fundera

DECEMBER 12, 2018

Business owners with low credit scores exist on a very different plane from business owners with excellent credit. For purposes of this report, we considered creditworthy or “high-credit grade” business owners as those who qualified for SBA loans within the last year. What does that difference mean in real terms?

Credit Scoring 54

Credit Scoring Small Businesses Deductions 54

Due

JUNE 15, 2023

A 2018 study found that people who feel financially inferior to their peers are likelier to spend money on luxury items to “keep up with the Joneses.” Furthermore, debt can negatively impact credit scores, making it difficult to secure loans or lines of credit in the future.

Bankruptcy 59

Bankruptcy Credit Scoring Deductions 59

Fundera

OCTOBER 24, 2019

In fact, in 2018 Amazon partnered with Bank of America to further support their lending initiatives. Unlike typical small business loans, however, the repayment is out of your hands—Amazon will automatically deduct the payment from your Amazon Seller Account. Fixed Deductions From Your Amazon Seller Account.

Credit and Collections 73

Credit and Collections Deductions Small Businesses Credit Scoring 73

Fundera

APRIL 8, 2019

Prior to April 16, 2018, an unpaid tax lien would appear on your personal credit report for up to 10 years. Fortunately, tax liens no longer appear on personal credit reports. A business tax lien can show up on your business credit report and affect your business credit score. Falsifying deductions.

Deductions 73

Deductions Credit and Collections Credit Scoring Small Businesses 73

Fundera

AUGUST 15, 2018

You know where your personal credit score stands month-to-month and how personal credit impacts your ability to qualify for financial products. That definitely will help, but you also need to establish a positive business credit history. Fortunately, building business credit is more of a science than an art.

Credit Reporting Agencies 76

Credit Reporting Agencies Credit Scoring Credit and Collections Small Businesses 76

Fundera

DECEMBER 15, 2018

FedEx Small Business Grant Contest – This is a nationwide competition that awarded $25,000 each to 10 deserving business owners in 2018. Online Alternative Lenders – Unfortunately, minority entrepreneurs often have trouble accessing financing due to lower credit scores. Business Loans for Minority Entrepreneurs.

Deductions 76

Deductions Nonprofit Organizations Small Businesses Credit Scoring 76

Fundera

MARCH 27, 2019

That way, the bank can auto-deduct your loan payments according to your repayment schedule. In 2018, Webster Bank was ranked the #1 SBA Lender in New England based on total amount loaned, so business owners seeking this highly coveted federal financing would do well to apply through Webster Bank. See Your Business Loan Options.

Small Businesses 40

Small Businesses Credit Scoring Deductions 40