Fundera

JUNE 14, 2016

To grow or expand your business, you need to have a source of extra cash… And for many businesses that means filling out a business credit application. The better you can describe your business and your need for a loan, the stronger your business credit application will be. Tell a story.

Credit Application 73

Credit Application Credit Scoring Credit and Collections Small Businesses 73

CreditStrong for Business

OCTOBER 11, 2024

Business credit reports that contain data from the SBFE might make or break your future business credit applications. The Small Business Financial Exchange (SBFE) is a trade association that allows lenders and others to share credit information about their customers. What Is the SBFE and What Does it Do? Business Leases.

Credit Reporting Agencies 52

Credit Reporting Agencies Credit and Collections Credit Scoring Small Businesses 52

Your Virtual Credit Manager

MARCH 28, 2023

Volumes have been written about the criteria you should use to make a credit decision. The rigor with which this information is often presented belies the fact most business credit decisions are not that difficult. There is a challenge, however, with the 20 to 30 percent of credit decisions that fall in between.

Credit Scoring 130

Credit Scoring Credit Application Bad Debt Credit Risk 130

CreditStrong for Business

NOVEMBER 8, 2024

Trade references have the potential to help your business qualify for financing and establish good business credit scores. When a credit bureau receives a new trade reference about your company, it may add an account (also called a tradeline , payment experience, or trade experience) to your business credit report.

Credit Scoring 40

Credit Scoring Credit Reporting Agencies Credit Application Credit Risk 40

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. Here’s a closer look at FICO SBSS scores, why they matter, and how you can improve yours.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Bankruptcy 98

CreditStrong for Business

NOVEMBER 7, 2024

Those with a positive credit history and good credit score are most likely to qualify for the most desirable credit card accounts with lower interest rates. Cons The loan funds in most installment credit options provide financing for a single, one-time purchase in the form of a lump sum.

Automobile Dealerships 40

Automobile Dealerships Credit Scoring Credit and Collections Credit Card Payments 40

Your Virtual Credit Manager

JANUARY 9, 2024

Using credit scores, how is risk distributed among each segment? Are the assigned credit limits appropriate for each segment? Once you have segmented for revenue, you can then look at secondary factors. For example: Do any of the segments account for a disproportionate amount of AR balances that are over 60 or 90 days past due?

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130