Fundera

DECEMBER 17, 2019

Because small business growth is such a broad concept, it’s hard to land on an exact business growth definition. You’ve probably noticed that some of the goods or services you offer severely underperform, but you can definitely also do an analysis to find the worst performing options. Improve Your Conversion Rate.

Small Businesses 138

Small Businesses Bankruptcy 138

Fundera

SEPTEMBER 1, 2017

Payment history (including bankruptcies and judgments). If you’re aiming to nab that perfect credit score, understanding how your financial decisions can impact your report will definitely help. Try not to file bankruptcy. Bankruptcies also count more against you the more credit accounts are involved.

Credit Scoring 92

Credit Scoring Bankruptcy Credit and Collections Default 92

Due

FEBRUARY 7, 2024

Other times, collection agencies go after debt you’ve already discharged through bankruptcy. Your first instinct might be to doubt that fact, considering algorithms are, by definition, less human. Debt identification is another technology reshaping recovery practices.

Credit and Collections 124

Credit and Collections Credit Scoring Bankruptcy 124

Fundera

NOVEMBER 23, 2018

We’re here to lay out all you need to know about UCC filings—from a boiled-down answer to what is a UCC filing, to all the nitty-gritty details behind an in-depth UCC filing definition. We’ll also explain how a UCC filing might affect your business—particularly when it comes to securing high-quality small business financing.

Bankruptcy 75

Bankruptcy Default Small Businesses Transactions 75

Due

APRIL 15, 2024

Small business bankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook. On the payments side, electronic payments definitely make bookkeeping easier. America’s small businesses face unprecedented challenges.

Small Businesses 84

Small Businesses Bankruptcy Credit and Collections Business Bankruptcy 84

Fundera

MAY 10, 2016

Payment history (including bankruptcies and judgments). If you’re aiming to nab that perfect credit score, understanding how your financial decisions can impact your report will definitely help. Try not to file bankruptcy. Bankruptcies also count more against you the more credit accounts are involved.

Credit Scoring 76

Credit Scoring Bankruptcy Credit and Collections Default 76

Fundera

JULY 6, 2016

Payment history—including bankruptcies and judgments. But overall, your credit score is a good measure of how you repay your debts, what kind of credit you look for, how well you understand the amount of debt you can actually take on, whether you’ve successfully avoided bankruptcies and tax liens, and more. Better Credit = Lower Rates.

Credit Scoring 74

Credit Scoring Credit and Collections Bankruptcy Small Businesses 74

Due

MAY 24, 2024

The definition of “enough” is fluid. An emergency or serious illness can drain your savings, force you to take on debt, or even force you to declare bankruptcy due to the high costs. As a matter of fact, medical bills are the most common reason for bankruptcy in the United States. Give your legacy a new definition.

Bankruptcy 52

Bankruptcy Medical Billing 52

Abrigo

OCTOBER 5, 2015

Loss – The loan is uncollectible, usually because the borrower has declared bankruptcy, discontinued payments or closed the business. For more on assessing borrowers’ global cash flow and how to avoid common obstacles, access the Definitive Guide to Global Cash Flow. In this category, the loan is placed on nonaccrual status.

Credit Risk 60

Credit Risk Credit Unions Bankruptcy 60

Due

APRIL 1, 2023

These include: Widespread job loss and layoffs Curbed credit access Slow economic output Decrease in consumer spending Lessened business investment Bankruptcies on the rise Reduction in marketing and research What Are the Benefits? Historic challenges are great to keep in your back pocket.

Bankruptcy 90

Bankruptcy Credit and Collections Small Businesses 90

Fundera

DECEMBER 8, 2017

It’s not always closure , asset liquidation, or bankruptcy. If the definition of failure is not clear, then the statistics can be misleading if not placed in the proper context. What Exactly Is Business Failure? Business failure can come in many forms. So, how do we decide if someone or some entity actually failed?

Bankruptcy 80

Bankruptcy Small Businesses 80

Fundera

JUNE 1, 2016

Applying for a Bond Street loan online is definitely fast and easy. One other important thing to know: if you’ve had a bankruptcy in the past 7 years, you will be ineligible for a loan through Bond Street. Why Go With Bond Street? They gather detailed information in just about 6 minutes. It’s that simple—and transparent.

Credit Scoring 74

Credit Scoring Bankruptcy Deductions Small Businesses 74

Fundera

MARCH 26, 2018

Tax liens, judgments, bankruptcies, collections. 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. If your credit score isn’t where you want it to be, you’re definitely not alone—and you’re not doomed to bad credit forever. Payment history.

Credit Scoring 71

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

Fundera

JANUARY 20, 2019

Because small business growth is such a broad concept, it’s hard to land on an exact business growth definition. Obviously, a healthy business needs to have more profits than losses—a business with less of the former and more of the latter runs the risk of untenable debt and, potentially, bankruptcy.

Small Businesses 106

Small Businesses Bankruptcy 106

Fundera

JANUARY 13, 2018

With that in mind, the lender will likely—if not, definitely—want to have the remainder of the SBA loan guaranteed by the business and, failing that, the personal assets of the business owner. The percentage of the loan the SBA guarantees varies with each loan and lender, and also depends on the applicant’s qualifications.

Default 79

Default Business Bankruptcy Small Businesses Bankruptcy 79

Fundera

SEPTEMBER 16, 2017

Have a bankruptcy on your credit history? If you see advertising or receive unsolicited contact for a business loan that makes any mention of “guaranteed approval,” you have most definitely encountered a business loan scam. It doesn’t matter! The only catch? There are a few fees they need you to pay up front.

Bankruptcy 89

Bankruptcy Small Businesses Credit Scoring 89

Fundera

AUGUST 4, 2018

Expect to answer questions concerning your history with bankruptcy, legal action, government financing, criminal activity, and more. You’ll also need to provide documentation of any lawsuits, judgments, bankruptcies, or any other legal dealings your lender needs to be aware of. SBA Form 1919: Borrower Information Form.

Bankruptcy 71

Bankruptcy Medical Billing Small Businesses Credit and Collections 71

Fundera

AUGUST 4, 2018

Expect to answer questions concerning your history with bankruptcy, legal action, government financing, criminal activity, and more. You’ll also need to provide documentation of any lawsuits, judgments, bankruptcies, or any other legal dealings your lender needs to be aware of. SBA Form 1919: Borrower Information Form.

Bankruptcy 71

Bankruptcy Medical Billing Small Businesses Credit and Collections 71

Due

MAY 28, 2023

A recession has a general definition which is a “slippage in economic activity,” but a common definition is two consecutive quarters of negative gross domestic product (GDP) growth. Additionally, small businesses often can’t pay their existing debt, leading to decreased business credit scores or even bankruptcy.

Bankruptcy 53

Bankruptcy Credit and Collections Business Bankruptcy Small Businesses 53

Fundera

MARCH 6, 2018

Let’s start by looking at what an LLC is… and what it definitely is not. Without the protections afforded by an LLC, a freelancer whose business experiences financial difficulty could lose their personal property and savings in a bankruptcy. Here’s everything you need to know about how to set up an LLC as a freelancer.

Bankruptcy 72

Bankruptcy Small Businesses 72

Lendio

JUNE 6, 2023

The latter group are definite red flags to lenders, as they are the ones who are most likely to repay loans late or just not pay at all. Like your own personal credit score range companies with good business credit scores can access more cash with lower interest rates than companies with bad credit scores.

Credit Scoring 52

Credit Scoring Bankruptcy Credit and Collections Transactions 52

Fundera

MARCH 2, 2019

Loan Default Definition. See a bankruptcy lawyer – Sometimes, when a business owner defaults on a loan, bankruptcy isn’t far off. Bankruptcy can have even bigger implications than default for your credit and finances. Loan default occurs when a borrower breaches a material term of their loan agreement.

Default 40

Default Bankruptcy Credit and Collections Credit Scoring 40

Fundera

MARCH 10, 2019

With that in mind, the lender will likely—if not, definitely—want to have the remainder of the SBA loan guaranteed by the business and, failing that, the personal assets of the business owner. The percentage of the loan the SBA guarantees varies with each loan and lender, and also depends on the applicant’s qualifications.

Default 74

Default Credit and Collections Small Businesses Business Bankruptcy 74

Lendio

MAY 4, 2023

By definition, negative cash flow is caused by spending more than you’re bringing in. If negative cash flow goes on for too long, it might lead to bankruptcy or the closure of your business. Negative cash flow can be a source of stress for business owners and can mean that it’s difficult to continue investing in your business’s growth.

Credit Scoring 52

Credit Scoring Bankruptcy Small Businesses 52

Due

JANUARY 7, 2023

Over the past decade, they have composed the majority of bankruptcy filings in the US. There is no definite percentage of excellent dividend yield, but analysts recommend a yield of at least 2%. Not even the financial market can’t dodge or at least cushion the blow. . The figures may increase further as uncertainties persist.

Real Estate Companies 75

Real Estate Companies Deductions Bankruptcy Transactions 75

Lendio

APRIL 11, 2024

An acquisition flop doesn’t usually end in a setback—it ends in layoffs and bankruptcy. All great questions, and that’s why we put together this definitive guide to buying out a competitor. However, most of these behemoth companies are still alive and kicking. For small businesses, the margin of error is much thinner.

Small Businesses 98

Small Businesses Bankruptcy Credit Scoring Transactions 98

CreditStrong for Business

OCTOBER 24, 2024

If everything goes according to plan, that lets you open new credit accounts despite any missed payments, account defaults, or bankruptcies in your credit history. CPNs are definitely illegal, no matter what your credit repair company says. You’d have a second chance to build a credit profile from scratch. Are They Legal?

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Default Actual Loss 52

CreditStrong for Business

JULY 11, 2024

While you don’t necessarily need to have good credit to get a phone plan, it definitely helps. Negative items like late payments, derogatory payment history, credit accounts in collections, and bankruptcies impact their decision-making. You don’t have to let a bad credit score stop you.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy 52

Due

DECEMBER 15, 2022

I lost an opportunity because I didn’t invest in something that would have definitely turned a profit. In case you weren’t aware, Celsius Network filed for bankruptcy. I may be able to get some of it back from the bankruptcy proceeding. Solo 401k Business. The case is currently in claims court.

Brokerages 59

Brokerages Bankruptcy Investment Firms Credit and Collections 59

Fundera

JANUARY 17, 2018

Payment history (including bankruptcies and judgments). If you can qualify for something better, it’s definitely better to go that route. Specifically, it is a number, generated from various factors, that determines how likely you are to pay your bills on time. Factors that affect your credit score are: Amount of debt you have.

Credit Scoring 72

Credit Scoring Small Businesses Bankruptcy Transactions 72

Fundera

MARCH 28, 2018

Bankruptcies, liens, foreclosures, and lawsuits. Lenders might forgive a late payment (30+ days overdue) here or there, but consecutive late payments will definitely hurt your score. Timely repayment across all types of credit. Credit Utilization. Balance owed compared to available credit. Plus, it’ll stay on your record for seven (!)

Small Businesses 88

Small Businesses Credit Scoring Default Credit and Collections 88

Fundera

MARCH 6, 2018

You’ll need to show a personal credit score of at least 680 and have no recent foreclosures, bankruptcies, or tax liens on your record. It’s an expensive product, so although easy to qualify for, you should definitely make sure it’s the right product for you first. Down payment requirement. Invoice financing .

Credit Scoring 76

Credit Scoring Small Businesses Bankruptcy Transactions 76

Fundera

NOVEMBER 3, 2018

As high-profile retail outlets, like Sears, declare bankruptcy , and others like Lord & Taylor close their flagship stores , it’s becoming increasingly clear that ecommerce is the way forward for retail businesses. In fact, one recent study from Shopify shows that revenues from ecommerce sales are projected to reach $4.5

Bankruptcy 45

Bankruptcy Credit Application 45

Fundera

JANUARY 24, 2019

If you can qualify for something better, it’s definitely better to go that route. Payment history (including bankruptcies and judgments). However, since Headway Capital offers lines of credit to bad credit borrowers, they also have the highest interest rates and lowest loan amounts. Headway Capital provides: Loans from $5,000-$50,000.

Credit Scoring 72

Credit Scoring Small Businesses Bankruptcy Transactions 72

Fundera

JANUARY 20, 2019

Because small business growth is such a broad concept, it’s hard to land on an exact business growth definition. Obviously, a healthy business needs to have more profits than losses—a business with less of the former and more of the latter runs the risk of untenable debt and, potentially, bankruptcy.

Small Businesses 75

Small Businesses Bankruptcy 75

tillful

JANUARY 11, 2023

Lenders set rates and terms based on business credit scores, so it’s definitely in your best interest to maintain a healthy one by engaging in behaviors that will add points to your score. These include (but are not limited to): The frequency and amount of collections, judgments, liens, and bankruptcies (taken from public records).

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Credit and Collections Small Businesses 52

Fundera

JULY 27, 2020

We’ll go through the definition of a performance bond, explain how common performance bonds work, when you might want to use one, and why they’re an important aspect of your small business operations. Performance Bond Definition.

Real Estate Companies 40

Real Estate Companies Bankruptcy Credit and Collections Insurance Companies 40