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Business Finance Terms Definition List

tillful

Accounts receivable (AR). Accounts receivable refers to money owed to a business by third parties like customers or clients. For example, if you provide a service and allow your client 60 days to pay, the amount they owe you will be recorded under your accounts receivables until it’s paid.

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Is There a Minimum Credit Score for Business Loan Eligibility?

Fundera

It won’t be a necessary component of every business loan application, but you definitely need it if you’re applying for an SBA loan. But, as a rule, the lower your credit score, the higher your interest rates will be. . Credit Score for Short-Term Loan Eligibility: 600+… or Not Required at All. The first step?