Your Virtual Credit Manager

FEBRUARY 4, 2025

However, cash sales are always an option, and even when a company’s bankruptcy is imminent, there are sometimes still ways to mitigate the risk and make the sale. Learn More About Credit Reports Please share this newsletter with your small business customers. it just might help them collect faster and pay you sooner.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Invoice Disputes Bad Debt 130

Fundera

OCTOBER 2, 2017

When it comes to the future of your business, filing for bankruptcy might seem like the absolute worst thing that could happen. However, filing for bankruptcy is not necessarily a death sentence—in fact, it could mean the difference between sinking or saving your business. Small Business Bankruptcy Filing Options.

Bankruptcy 100

Bankruptcy Chapter 11 Chapter 7 Business Bankruptcy 100

Your Virtual Credit Manager

JANUARY 28, 2025

If you doubt that, look at the number of leading companies who filed bankruptcy in recent years. Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Creditworthiness should never be taken for granted.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bad Debt Credit and Collections Bankruptcy 130

Fundera

SEPTEMBER 27, 2020

And although there are grants and other relief options available to help businesses, one of the most viable avenues toward recovery is by declaring bankruptcy. Bankruptcy is far from a death sentence for most businesses. That said, here is a list of the major businesses that have filed for bankruptcy due to COVID-19.

Bankruptcy 98

Bankruptcy Chapter 11 Small Businesses 98

Your Virtual Credit Manager

MARCH 4, 2025

This company was fortunate to avoid significant bad debt loss until Ames Department Stores, Kmart, and Fleming Foods (a distributor) all filed bankruptcy within the same year. Learn More About Credit Reports Please share this newsletter with your small business customers. Bad debt losses were understandably huge.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Collector 130

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.

Business Bankruptcy 74

Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 74

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.

Small Businesses 105

Small Businesses Credit Scoring Credit and Collections Bankruptcy 105

Fundera

AUGUST 25, 2017

What will become of your business once you’re no longer involved, and how will you come out on top? There are various options for a small business owner when they are ready to exit—and many reasons for that exit. For more information, the Small Business Administration also has a comprehensive guide.

Small Businesses 96

Small Businesses Bankruptcy 96

Your Virtual Credit Manager

JANUARY 31, 2023

Cash flow problems: The primary reason businesses declare bankruptcy is liquidity issues, so it should come at no surprise that cash flow problems are a top reason for a business paying late. they are a small business waiting to get paid on a big project) or a sign of financial distress.

Credit and Collections 246

Credit and Collections Bankruptcy Past Due Invoices Order to Cash 246

Due

APRIL 15, 2024

America’s small businesses face unprecedented challenges. 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. As a business owner, you indeed wish things could be easier.

Small Businesses 84

Small Businesses Bankruptcy Credit and Collections Business Bankruptcy 84

Fundera

JANUARY 20, 2019

6 Small Business Growth Strategies and Indicators. Small businesses, like people, don’t necessarily grow all at once. Just as we use many measures to show a person’s growth—in height, weight, age, and accomplishments—we evaluate business growth using a variety of factors. What Is Small Business Growth?

Small Businesses 106

Small Businesses Bankruptcy 106

Fundera

MARCH 14, 2019

7 Steps to Eliminate Small Business Debt. That feeling is heightened when you’re dealing with business debt, and you’re facing the possibility of losing your business altogether. Before tackling business debt, you need to have a solid understanding of your current financial situation. Reduce expenses.

Small Businesses 92

Small Businesses Bankruptcy Credit and Collections Debt Collections 92

Fundera

OCTOBER 23, 2017

If you find yourself struggling with small business debt, start with these steps to help eliminate what you owe and get your business back in good financial standing. Before tackling business debt, you need to have a solid understanding of your current financial situation. Assess and rework your budget.

Small Businesses 92

Small Businesses Bankruptcy Credit and Collections 92

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

OCTOBER 20, 2018

How to Find and Choose a Business Bankruptcy Lawyer in 5 Steps. Evaluate your business’s financial situation and goals. Recognize the red flags of bankruptcy mills. Source bankruptcy lawyers through referrals, bar associations, and legal directories. Compare bankruptcy lawyers by asking the right questions.

Business Bankruptcy 59

Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 59

Fundera

NOVEMBER 24, 2015

Follow our checklist’s 6 steps to maximize the potential of your small business loan application, and secure the financing your business needs to flourish. Check Your Business and Personal Credit Rating. Assemble All Relevant Business Documents. Always use a conservative business case in your planning.

Small Businesses 76

Small Businesses Credit Reporting Agencies Bankruptcy 76

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. Please feel free to share this newsletter with your small business customers.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Your Virtual Credit Manager

AUGUST 11, 2024

Commercial bankruptcies have been surging since mid-2022. Chapter 11 filings, used by businesses hoping to reorganize, have increased by 34 percent in the first six months of 2024 compared to last year. Department of Justice expects a sharp increase in bankruptcies with the U.S. And the future is bleak — the U.S.

Sub-Chapter V 100

Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

Fundera

AUGUST 18, 2016

Small business owners who are looking for alternative forms of financing should probably start here. Since there are now many different options in the online lending space, small business owners should know what sets Lending Club apart from the rest. What kinds of small businesses use Lending Club?

Small Businesses 75

Small Businesses Bankruptcy 75

Your Virtual Credit Manager

OCTOBER 15, 2024

Photo by Melinda Gimpel on Unsplash ) The American Bankruptcy Institute recently reported that, “The 6,067 total commercial chapter 11 bankruptcies filed during the first nine months of 2024 represented a 36 percent increase over the 4,561 filed during the same period in 2023.” Trustee Program. Share Read more

Chapter 11 100

Chapter 11 Bad Debt Bankruptcy Chapter 7 100

Fundera

NOVEMBER 9, 2016

So, small business owner, you need to finance your business… Who’s going to be the small business lender to step up and meet your financing needs? But with signs that commercial banks are opening their credit to small business owners , now’s a great time to consider bank loans for your business.

Small Businesses 82

Small Businesses Credit and Collections Default Bankruptcy 82

Fundera

OCTOBER 28, 2017

Still, despite millennials being the most educated generation to date, factors like slowing asset accumulation, rising student debt, and coming of age during the Great Recession have made starting a small business a relatively rare thing for this demographic. Shrinking Net Worth and Increasing Student Loans.

Small Businesses 67

Small Businesses Bankruptcy 67

Your Virtual Credit Manager

MARCH 21, 2023

Please feel free to share this newsletter with your small business customers. This ties into all the Covid startups and the lack of bankruptcies while stimulus funds were available. Commercial bankruptcies have only started to slowly tick up the past six months after 18 months of record lows.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bankruptcy Bad Debt Credit and Collections 130

Your Virtual Credit Manager

APRIL 16, 2024

Make sure you and your team understand the basics of the Uniform Commercial Code, Bankruptcy Statutes, and other regulations to avoid compliance pitfalls and missed opportunities to secure payments. Learn More About Credit Reports Please feel free to share this newsletter with your small business customers. Share Read more

Accounts Receivable (AR) 130

Accounts Receivable (AR) Debt Collections Credit and Collections Collector 130

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

Fundera

JANUARY 20, 2019

6 Small Business Growth Strategies and Indicators. Small businesses, like people, don’t necessarily grow all at once. Just as we use many measures to show a person’s growth—in height, weight, age, and accomplishments—we evaluate business growth using a variety of factors. What Is Small Business Growth?

Small Businesses 75

Small Businesses Bankruptcy 75

Fundera

MARCH 28, 2018

You probably know how important your credit score is when you’re applying for a small business loan. Still, as a small business owner, it’s crucial to keep your personal credit score as high as possible. You’ll keep your credit score high—and eventually get the best deal possible on your small business loan.

Small Businesses 88

Small Businesses Credit Scoring Default Credit and Collections 88

Your Virtual Credit Manager

OCTOBER 8, 2024

Older debts are often more difficult to recover because the debtor’s financial situation may worsen over time, or the business may close, become insolvent, or declare bankruptcy. In cases of bankruptcy or liquidation, the likelihood of repayment drops dramatically, as creditors may only receive partial payments or nothing at all.

Third Party Collections 100

Third Party Collections Credit and Collections Bankruptcy Bad Debt 100

Fundera

JANUARY 13, 2016

Selecting a lender that reports to one of the major business credit bureaus, like Experian , Dun & Bradstreet , or Equifax , and making all payments as agreed will strengthen your business profile. Here are six small business lenders that report to the business credit bureaus. Funding Circle.

Small Businesses 57

Small Businesses Bankruptcy Invoice Amount 57

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.

Small Businesses 59

Small Businesses Credit Scoring Bankruptcy Credit Reporting Agencies 59

Fundera

JANUARY 19, 2019

Liquidate the business. File for bankruptcy. As a business owner, you should always be thinking about your next move. In some cases, that’s your business exit strategy. Even if it’s technically your last move, an exit strategy for small business in particular is something you should keep in mind. .

Bankruptcy 96

Bankruptcy Chapter 7 Small Businesses 96

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. The Bottom Line.

Credit Scoring 102

Credit Scoring Credit and Collections Bankruptcy Small Businesses 102

Your Virtual Credit Manager

MAY 2, 2023

Growth is down, interest rates continue rising, small businesses are facing a credit crunch, commercial bankruptcies are skyrocketing and experts see an emerging threat: Washington Post: U.S. Please feel free to share this newsletter with your small business customers. economy grew at 1.1% economy grew at 1.1%

Bankruptcy 100

Bankruptcy Credit and Collections Accounts Receivable (AR) Default 100

Your Virtual Credit Manager

DECEMBER 27, 2022

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. A business's credit history also includes any past bankruptcies or defaults, as well as collection agency placements.

Credit Scoring 130

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

Your Virtual Credit Manager

AUGUST 22, 2023

Selling to new businesses on credit terms has always meant taking on more risk than is involved with established businesses, but recent substantial increases in inflation, interest rates, and labor costs raises the specter of a large number of business defaults for the foreseeable future. Furthermore, 86.5

Credit and Collections 130

Credit and Collections Bad Debt Credit Risk Small Businesses 130

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