CreditStrong for Business

AUGUST 9, 2024

Running out of funds is one of the most significant dangers to small businesses, and loans can be frustratingly hard to obtain. Only 42% of small businesses managed to qualify for sufficient financing in 2021. As a result, local offerings are a great place for California business owners to start looking for funding.

Small Businesses 52

Small Businesses Credit Scoring Credit Unions Default 52

Your Virtual Credit Manager

JANUARY 23, 2024

Furthermore, new businesses and small businesses tend to have high failure rates, and there is good reason to believe a wave of defaults is coming. Among other things, commercial bankruptcies have been steadily climbing over the past year. Credit scores typically provide either a probability or default or of slow payment.

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Credit Application Bad Debt Bankruptcy Credit Scoring 130

Fundera

SEPTEMBER 1, 2017

Well, if you’re a credit score aficionado like we are, you’ll recognize 850 as the absolute perfect credit score. And it’s an especially important figure for small business owners on the prowl for business financing. Quick(ish) Review: What’s a Credit Score? Personal Credit Score.

Credit Scoring 92

Credit Scoring Bankruptcy Credit and Collections Default 92

Eagle Business Credit

AUGUST 23, 2023

For small business owners seeking funding options, new entrepreneurs embarking on their journey, and even those grappling with poor business credit, understanding the significance of a business credit score is a fundamental step towards securing financial stability and growth.

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 52

Credibly

FEBRUARY 23, 2023

Table of Contents Why Should I Get My Credit Score? What is My Business Credit Score? What is a Business Credit Report? What is a Business Credit Bureau? How Do I Check My Business Credit Score? If you’re nervous about checking your business credit score, relax.

Credit Scoring 40

Credit Scoring Bankruptcy Credit and Collections Credit Card Companies 40

Fundera

DECEMBER 13, 2018

What Is a Perfect Credit Score? When it comes to personal credit scores, the absolute perfect credit score is 850. Though it may seem impossible, it’s actually totally doable if you’re responsible with your debt and check (and recheck) your credit score often.

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Credit Scoring Bankruptcy Credit and Collections Default 75

CreditStrong for Business

OCTOBER 24, 2024

Variable requirements might include a minimum credit score or monthly income, some deposit or asset for securing the loan (collateral), a specified debt-to-income ratio, and others. Business Loans Small business owners might qualify for some type of business loan.

Bankruptcy 52

Bankruptcy Credit Scoring Credit and Collections Credit Unions 52

CommandCredit

OCTOBER 11, 2021

A good business credit score can help you get financing more easily. It can help if you need to take out a business loan or establish credit with another company. At Command Credit, we make it easy to check your business credit score or those of your customers and suppliers.

Credit Scoring 40

Credit Scoring Credit and Collections Credit Reporting Agencies Bankruptcy 40

Fundera

SEPTEMBER 23, 2016

Many small business owners use their personal credit to run their businesses, and if you’re a sole proprietor, your business credit and personal credit are closely linked. It’s extremely important to work on building your personal credit, and not just for your business’s sake.

Credit Scoring 102

Credit Scoring Credit and Collections Bankruptcy Small Businesses 102

CommandCredit

OCTOBER 25, 2021

Whether you are looking to take out a business loan, asking your suppliers or vendors for credit, or just curious about your business credit score , you should check your business credit report to see how others view your creditworthiness. Factors Credit Agencies Use to Create Business Credit Scores.

Credit Scoring 40

Credit Scoring Credit Reporting Agencies Credit and Collections Bankruptcy 40

Your Virtual Credit Manager

DECEMBER 27, 2022

Adding to the credit grantor’s challenge, that line is constantly changing. Please share this newsletter with your small business customers. Share Determining Creditworthiness For these reasons, creditworthiness is a fundamental consideration when granting credit to a business customer.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Credit Application 130

BitX Funding

DECEMBER 13, 2022

Many small business owners find it difficult to obtain capital to grow their businesses without credit or a poor credit history. That means it’s important to focus on what kind of business loan will work for you and your goals instead of worrying about whether you’ll be approved.

Small Businesses 52

Small Businesses Credit Scoring Credit Unions Bankruptcy 52

CommandCredit

OCTOBER 4, 2021

An excellent credit score demonstrates that you made good financial business decisions, such as keeping your debt low, paying your bills on time, and using credit responsibly. You should check your business credit score so you know what others see when they look at your business credit report.

Credit Scoring 40

Credit Scoring Credit Risk Credit Unions Bankruptcy 40

Fundera

JULY 20, 2018

Most of us are familiar with the concept of checking our credit score—and, luckily, it’s a fairly simple process these days (for instance, you can do it right here). It’s true—even though you might think that a business credit score is just, well, private business , it’s actually publicly accessible.

Credit Scoring 73

Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 73

Fundera

MAY 10, 2016

Well, if you’re a credit score aficionado like we are, you’ll recognize 850 as the absolute perfect credit score. And it’s an especially important figure for small business owners on the prowl for business financing. Quick(ish) Review: What’s a Credit Score? Personal Credit Score.

Credit Scoring 76

Credit Scoring Bankruptcy Credit and Collections Default 76

Fundera

NOVEMBER 11, 2016

Building up your business credit is an alternative that often makes it easier to get a business loan. Business credit is calculated on a scale, too. While personal credit is ranked between 300 and 850, business credit scores are usually on a scale between 0 and 100.

Credit Scoring 93

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 93

Fundera

MARCH 26, 2018

Practically no one would call the process of getting a small business loan “simple.” You’ll have to meet a ton of different business loan requirements , which change depending on the loan product you want. And among those fluctuating factors might be a minimum credit score for loan eligibility. Or, maybe not.

Credit Scoring 71

Credit Scoring Credit and Collections Accounts Receivable (AR) Small Businesses 71

CreditStrong for Business

AUGUST 16, 2024

Plus, if you ever experience problems with one of your business credit reports (i.e. identity theft, credit errors, etc.), knowing which business credit bureau to contact might help you resolve the issue faster. Below is an overview of the five primary business credit bureaus.

Credit Reporting Agencies 52

Credit Reporting Agencies Credit Scoring Credit and Collections Bankruptcy 52

Fundera

JULY 12, 2016

While there’s some debate in American politics over whether or not “corporations are people,” it is true that businesses have credit scores and can receive credit reports the same way individuals do. What is a Business Credit Score? Public records that include bankruptcies and judgements.

Credit Scoring 75

Credit Scoring Credit and Collections Bankruptcy Credit Card Companies 75

Fundera

SEPTEMBER 1, 2017

While there’s some debate in American politics over whether or not “corporations are people,” it is true that businesses have credit scores and can receive credit reports the same way individuals do. What is a Business Credit Score? Length of credit history. Company size.

Credit Scoring 70

Credit Scoring Credit and Collections Bankruptcy Credit Card Companies 70

CreditStrong for Business

AUGUST 23, 2024

Report users can purchase business credit scores from Equifax too, such as: Business Delinquency Score Business Delinquency Financial Score Business Credit Risk Score Early Default Score And More Different business scoring models have different numerical ranges.

Credit Reporting Agencies 52

Credit Reporting Agencies Credit Scoring Credit and Collections Bankruptcy 52

Fundera

SEPTEMBER 20, 2018

What Is Business Bankruptcy? If you’re struggling to pay off business debts, filing for business bankruptcy might help. Business owners can file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, depending on the business’s debt levels and financial situation.

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Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 74

tillful

MAY 31, 2023

While your revenue and credit scores haven’t changed, your application gets rejected. This can happen as the result of a credit crunch — also called a credit crisis or credit squeeze. In this article: What is a credit crunch? What causes credit crunches?

Small Businesses 52

Small Businesses Credit Scoring Default Credit Unions 52

Fundera

NOVEMBER 11, 2016

Building up your business credit is an alternative that often makes it easier to get a business loan. Business credit is calculated on a scale, too. While personal credit is ranked between 300 and 850, business credit scores are usually on a scale between 0 and 100.

Credit Scoring 79

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 79

Fundera

JUNE 15, 2018

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.

Credit Scoring 71

Credit Scoring Credit and Collections Default Credit Risk 71

Fundera

DECEMBER 12, 2018

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.,

Credit Scoring 71

Credit Scoring Credit and Collections Default Credit Risk 71

Fundera

JULY 6, 2016

That’s right: your personal ( not business) credit score matters more than anything else. In this credit score guide, we’ll take a look at why your credit score matters, how it affects your business financing, and what improving your credit can do. What’s a Credit Score?

Credit Scoring 74

Credit Scoring Credit and Collections Bankruptcy Small Businesses 74

Fundera

OCTOBER 20, 2019

How to Manage Small Business Finances in 5 Comprehensive Steps. Choose a business bank account and separate your personal and business finances. Organize your business finances by using accounting software and hiring a professional. Understand and fulfill your business tax responsibilities.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

Fundera

DECEMBER 28, 2016

For consumers and small business owners alike, credit bureaus, credit reports, and credit scores can feel like one big, confusing puzzle. What exactly goes into that all-important, 3-digit number known as your credit score? What Goes into a Credit Score? A Credit Report Explained.

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Credit Scoring Credit and Collections Small Businesses Default 80

tillful

FEBRUARY 28, 2023

Have you heard about the FICO Small Business Scoring Service (SBSS)? Like most business credit scores, the SBSS helps lenders and service providers understand the level of credit risk that businesses present. What is an SBSS score? small business credit applicants.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Bankruptcy 98

Fundera

NOVEMBER 11, 2016

Building up your business credit is an alternative that often makes it easier to get a business loan. Business credit is calculated on a scale, too. While personal credit is ranked between 300 and 850, business credit scores are usually on a scale between 0 and 100.

Credit Scoring 63

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 63

Fundera

FEBRUARY 6, 2018

Running a business involves a constant learning curve. And that applies whether you’re a rookie entrepreneur just starting out with a great idea for a new business or a more established small business owner with a quickly growing business that needs to expand. Accounting Terms to Know. Accounts Receivable.

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Small Businesses Credit Scoring Credit and Collections Bankruptcy 105

Your Virtual Credit Manager

MARCH 19, 2024

Learn More About YVCM Services Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. More About Purchasing Credit Reports Please feel free to share this newsletter with your small business customers.

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Bulk Transfer Credit and Collections Bankruptcy Accounts Receivable (AR) 100

Fundera

NOVEMBER 17, 2018

Some small business owners are already financial experts: they have MBAs, experience in the private sector, and strong literacy in all things related to managing small business finances. If managing finances for a small business has you feeling completely overwhelmed, take a look at this comprehensive primer.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

Fundera

NOVEMBER 17, 2018

Some small business owners are already financial experts: they have MBAs, experience in the private sector, and strong literacy in all things related to managing small business finances. If managing finances for a small business has you feeling completely overwhelmed, take a look at this comprehensive primer.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

MNS Credit Management Group

AUGUST 7, 2023

A company that does not have a sufficient corporate credit score may struggle to obtain crucial loans. What is a company credit score? A business credit score is a credit rating that indicates how likely a company is to repay its loans on schedule and without default.

Credit Scoring 52

Credit Scoring Credit Risk Credit and Collections Bad Debt 52

Fundera

MARCH 28, 2018

You probably know how important your credit score is when you’re applying for a small business loan. But with all of the surprising ways you can damage your credit, that number might come as a surprise when it pops up on your application. What Your Credit Score Is, and Why It Matters: A Quick Rundown.

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Small Businesses Credit Scoring Default Credit and Collections 88