Prosper

JANUARY 13, 2023

However, it’s never too late to learn money strategies to help you manage credit, get out of debt and create a budget and saving plan that keeps you financially fit. In this first installment of our money management series, we will explore all things credit. How do you establish or rebuild good credit? Credit Basics.

Credit Scoring 98

Credit Scoring Credit and Collections Bankruptcy Nonprofit Organizations 98

CreditStrong for Business

JULY 1, 2024

Unfortunately, it’s challenging for new startups to qualify for traditional business loans because they lack business credit. Let’s explore some alternative forms of financing you can use to clear that hurdle and get startup business loans with bad credit. You’ll usually need good personal and business credit to qualify for an account.

Credit Scoring 52

Credit Scoring Credit Unions Credit and Collections Nonprofit Organizations 52

CreditStrong for Business

JULY 1, 2024

Unfortunately, most brand new startups don’t have business credit, or they have poor business credit scores due to their lack of credit history, if they can even generate a score at all. However, it is still possible for startups with bad credit to get the capital they need.

Credit Scoring 52

Credit Scoring Credit and Collections Credit Unions Nonprofit Organizations 52

CreditStrong for Business

NOVEMBER 8, 2024

Microloans are typically available from banks, credit unions, and nonprofit organizations. While the loan is actually originated by an intermediary organization, it’s partially guaranteed by the government agency. You can get a personal loan from many big and small banks, as well as from credit unions.

Small Businesses 40

Small Businesses Nonprofit Organizations Credit Unions Credit and Collections 40

CreditStrong for Business

SEPTEMBER 13, 2024

For example , while the SBA sets a minimum FICO Small Business Scoring Service (SBSS) score at 155, some lenders may require a 160 or 165 — this score is essentially the business version of your personal FICO score. You may start the process by checking with your bank or credit union to see if it offers SBA loans.

Credit Scoring 52

Credit Scoring Nonprofit Organizations Credit and Collections Credit Unions 52

The Red Spectrum

JUNE 15, 2023

Whether you need working capital, inventory, equipment, or expansion funds, you want to get the best deal possible without compromising your cash flow or credit score. But what if you operate in a high-rate environment, where interest rates are rising and credit tightening? This will help you improve your financial management.

Nonprofit Organizations 80

Nonprofit Organizations Credit Scoring Credit and Collections Credit Unions 80

CreditStrong for Business

SEPTEMBER 13, 2024

In other words, you can’t get an SBA loan from just any bank or credit union. SBA Express Loans : You can get a term loan or a line of credit of up to $350,000. If it’s a line of credit, you’ll get up to seven years. The Microloan program is offered through nonprofit intermediary lenders.

Credit Scoring 52

Credit Scoring Credit Unions Nonprofit Organizations Credit and Collections 52