Remove Credit and Collections Remove Credit Risk Remove Insurance Companies
article thumbnail

The Best Low-Risk Industries for Business Credit

CreditStrong for Business

Several industries fall into the low-risk category: Business management consulting Doctor’s offices Dentistry Educational services Software development Utilities These industries also share some key factors that make them safer to lend money to from a bank’s perspective. What Types of Businesses Get The Most Funding? business economy.”

article thumbnail

5 Reasons to Increase SBA Lending at Your Bank or Credit Union

Abrigo

In a recent survey of more than 250 bankers representing banks and credit unions, 61% of respondents said their financial institution plans to maintain or increase SBA lending this year and beyond. Offering SBA lending at the institution is a good way to “get in the door” with good credits. 1 and Sept.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Reasons to Increase SBA Loan Origination at Your Bank or Credit Union

Abrigo

In a recent survey of more than 250 bankers representing banks and credit unions, 61% of respondents said their financial institution plans to maintain or increase SBA loan origination this year and beyond. Offering SBA lending at the institution is a good way to “get in the door” with good credits. 1 and Sept.

article thumbnail

Online Credit Reports & How They Are Tracking Everything You Do

Due

You might get asked similar questions by lenders when you apply for loans and credit cards. To find out, they might check your credit report. What are credit reports, why are they important and what is in them? What is a Credit Report and Why is it Important? Credit Reports vs. Credit Scores.

article thumbnail

13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

article thumbnail

Business Credit Score: What It Is (And Why You Need to Know)

Fundera

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? A short list of factors affecting your score also includes: Credit utilization ratio.

article thumbnail

The How-To Guide to Checking Your Business Credit Score

Fundera

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? A short list of factors affecting your score also includes: Credit utilization ratio.