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.

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Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 79

CreditStrong for Business

JULY 11, 2024

It’d be helpful if you get it, but you’re probably wondering what credit score you need to get a small business loan. In this article, we’ll cover the different types of business loans and the credit expectations for each. Keep in mind your credit score isn’t the only determining factor here.

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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

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.

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Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 73

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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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?

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Credit Scoring Credit and Collections Bankruptcy Small Businesses 74

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.

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

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.

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Credit Scoring Credit and Collections Bankruptcy Credit Card Companies 70

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

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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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.

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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.

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Credit Scoring Credit and Collections Default Credit Risk 71

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

CreditStrong for Business

OCTOBER 18, 2024

The Intelliscore Plus credit score is a business credit score created by Experian, which is one of the major business and consumer credit bureaus. The newest version of the Intelliscore Plus has a range of 300 to 850, which aligns with most personal credit score ranges.

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Credit Scoring Bankruptcy Credit and Collections Small Businesses 52

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.,

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Credit Scoring Credit and Collections Default Credit Risk 71

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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tillful

JUNE 14, 2023

Looking to learn the ins and outs of Experian business credit scores ? as a consumer credit reporting company, but it also collects information on millions of businesses and provides business credit reporting services. What is an Experian business credit score ?

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Credit Scoring Credit and Collections Bankruptcy Credit Reporting Agencies 52

tillful

JANUARY 11, 2023

A business credit score is similar to your personal credit score in that it serves as a key indicator of your business’s financial health and reliability as a borrower to repay. Why is your business credit score a deciding factor for so many different financial transactions?

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Credit Scoring Credit Reporting Agencies Credit and Collections Small Businesses 52

CreditStrong for Business

JULY 19, 2024

Business credit cards have perks that consumer credit cards don’t have. This list features top business credit cards for low credit scores that let you apply online and get almost instant approval results. Applying won’t even affect your credit score negatively.

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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.

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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.

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Small Businesses Credit Scoring Credit and Collections Default 75

Lendio

FEBRUARY 22, 2023

What’s more, on Main Street, most bankers are just as interested in your personal credit rating as your business rating—sometimes even more. Minimum Credit Score By Loan Type Lenders look at both business and personal credit scores when reviewing small business financing applications.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy Small Businesses 52

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.

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Credit Scoring Credit and Collections Small Businesses Bankruptcy 98

Fundera

MARCH 6, 2019

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. Business Finance Terms and Definitions to Know.

Credit Scoring 105

Credit Scoring Credit and Collections Bankruptcy Small Businesses 105

Fundera

SEPTEMBER 20, 2017

We’re thinking of a number between 300 and 850… and it’s your credit score. Unless you have an absolutely perfect credit score—850—we’re willing to bet that you’d like to tack on a few points to that three-digit number. Building credit fast is no easy task. Why You Need to be Monitoring Your Credit.

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Credit Scoring Credit Reporting Agencies Credit and Collections Bankruptcy 98

Fundera

SEPTEMBER 13, 2016

Well, you’re searching for the best business credit cards in the bunch and you find yourself in this conundrum: you need a business credit card to build your credit… But you don’t qualify for a business credit card because you don’t have sufficient credit history or your credit score is too low.

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Credit Scoring Credit Card Companies Credit Card Payments Default 103

Fundera

SEPTEMBER 13, 2016

Well, you’re searching for the best business credit cards in the bunch and you find yourself in this conundrum: you need a business credit card to build your credit… But you don’t qualify for a business credit card because you don’t have sufficient credit history or your credit score is too low.

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Credit Scoring Credit Card Companies Credit Card Payments Default 103

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.

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Small Businesses Credit Scoring Credit Unions Default 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.

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Credit Scoring Credit and Collections Bankruptcy Credit Reporting Agencies 40

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 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.

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Credit Scoring Credit Reporting Agencies Credit and Collections Bankruptcy 40

Fundera

SEPTEMBER 7, 2016

Big banks and small business lending—how do they fit together? With increasingly tight lending standards, the biggest banks don’t give out nearly enough business loans to small business owners who need financing. billion to small businesses. billion to small businesses. Definitely not.

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Small Businesses Credit Scoring Bankruptcy Credit Reporting Agencies 59

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.

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Credit Scoring Bankruptcy Credit and Collections Credit Card Companies 40

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.

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Credit Scoring Credit Risk Credit Unions Bankruptcy 40

Fundera

AUGUST 29, 2016

We’re thinking of a number between 300 and 850… and it’s your credit score. Unless you have an absolutely perfect credit score—850—we’re willing to bet that you’d like to tack on a few points to that three-digit number. Building credit fast is no easy task. Why You Need to be Monitoring Your Credit.

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Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 75

Fundera

MARCH 21, 2018

Then your first stop might be to head to your local bank to see if you’re one of the best candidates for a local small business loan. But it can be pretty hard to get one of these local business loans, whether that’s a term loan or a highly coveted SBA loan , since they’re both so in demand. And you should!

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Credit Scoring Bankruptcy Small Businesses Default 73

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.

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Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 40