Fundera

SEPTEMBER 13, 2016

Well, you’re searching for the best business credit cards in the bunch and you find yourself in this conundrum: you need a business credit card to build your credit… But you don’t qualify for a business credit card because you don’t have sufficient credit history or your credit score is too low.

Credit Scoring 103

Credit Scoring Credit Card Companies Credit Card Payments Default 103

Fundera

SEPTEMBER 13, 2016

Well, you’re searching for the best business credit cards in the bunch and you find yourself in this conundrum: you need a business credit card to build your credit… But you don’t qualify for a business credit card because you don’t have sufficient credit history or your credit score is too low.

Credit Scoring 103

Credit Scoring Credit Card Companies Credit Card Payments Default 103

Fundera

SEPTEMBER 28, 2016

As part of Fundera’s ongoing mission to make small business lending more transparent, I’m excited to announce today a partnership with Hiscox , America’s #1 online small business insurer. Plus, they’ll get our free credit score monitoring and tools to help entrepreneurs better manage their finances. .

Credit Card Payments 88

Credit Card Payments Credit Scoring Small Businesses 88

Fundera

JANUARY 27, 2016

One of the best parts of owning a small business? Especially when it comes to your business’s financials, you want to be a perfectionist. Meanwhile, the best finance apps for small business owners are designed to let you focus on what’s most important—and leave the computing to the computers. Capital One Mobile.

Small Businesses 76

Small Businesses Credit Card Payments Credit Scoring Transactions 76

Fundera

OCTOBER 29, 2015

If debt financing—or financing with a business loan—is among the options you’re considering, let this guidebook help you understand the language and culture of shopping and applying for a small business loan. As the alternative lending market has grown, so too have the types of debt financing available to small businesses.

AR Aging 99

AR Aging Credit Scoring Small Businesses Credit Card Payments 99

Fundera

DECEMBER 15, 2018

Credit Karma. One of the best parts of owning a small business? Especially when it comes to your business’s financials , you want to be a perfectionist. Meanwhile, the best finance apps for small business owners are designed to let you focus on what’s most important—and leave the computing to the computers.

Small Businesses 67

Small Businesses Credit Card Payments Credit Scoring Transactions 67

Know-It Global

APRIL 13, 2023

Late payments are crippling businesses all over the UK with 52% of businesses experiencing late payment , and 25% reporting increased instances of late payment in 2022. Accountancy software company Xero recently published a report showing the average time taken for small businesses to be paid rose by 1.4

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Fundera

MARCH 11, 2019

Most lenders won’t lend more than 10% to 30% of a business’s annual revenue. Your company should be cash flow positive after accounting for all debt payments. Every small business owner knows that running and growing your business takes a lot of capital. How Much Will a Lender Loan My Small Business?

Credit Scoring 75

Credit Scoring Credit and Collections Small Businesses Credit Card Payments 75

Fundera

JANUARY 21, 2016

If you’re a small business owner on the quest for funding, there’s a heck of a lot to keep track of in order to apply to a lender. You’ve got your personal credit score, your balance sheet, your profit and loss statement, your FICO SBSS…. You know, that small business credit score that’s all the rage these days?

Credit Scoring 59

Credit Scoring Small Businesses Credit and Collections Credit Card Payments 59

Fundera

FEBRUARY 28, 2017

You need to be prepared to pay off what you spend on a credit card each month without being reminded to do so—otherwise, you’ll incur interest payments, late fees, and take hits to your credit score. And along those lines, do you fully understand how your credit card and credit score relate?

Credit Scoring 75

Credit Scoring Credit Card Payments Credit Card Companies Deductions 75

Fundera

AUGUST 14, 2020

If you’re shopping for small business loans , you might become confused by all the terminology that gets thrown your way. With factor rates, profit and loss statements, debt schedules, APY (annual percentage yield), real vs. nominal interest rates, all your business loan requirements come with a fair share of confusion.

Credit Card Payments 98

Credit Card Payments Credit Card Companies Credit Scoring Small Businesses 98

CreditStrong for Business

AUGUST 16, 2024

Plus, if you ever experience problems with one of your business credit reports (i.e. identity theft, credit errors, etc.), knowing which business credit bureau to contact might help you resolve the issue faster. Below is an overview of the five primary business credit bureaus.

Credit Reporting Agencies 52

Credit Reporting Agencies Credit Scoring Credit and Collections Bankruptcy 52

Fundera

JUNE 5, 2018

On the surface, business credit cards and small business loans are obviously different products. That’s why your small business loan often requires collateral to secure. It’s a type of small business loan collateral that mitigates your creditor’s risk. None of those options sound good.

Credit Scoring 71

Credit Scoring Default Small Businesses Credit Card Payments 71

Eagle Business Credit

MAY 9, 2024

Running a small business is a challenging endeavor, often fraught with hurdles that test the resilience and adaptability of an entrepreneur. In this blog, we will explore the various alternative financing options available for small businesses and discuss why they are becoming increasingly popular choices.

Small Businesses 40

Small Businesses Credit Scoring Credit Card Payments Default 40

Fundera

JANUARY 27, 2019

Plastiq is a payment app that lets you consolidate all your purchases onto credit cards, maximizing rewards and cash back. Consumers and small businesses can use Plastiq to pay with a credit card, even when a vendor won’t accept credit card payments. Photo credit: Plastiq.

Small Businesses 40

Small Businesses Credit Card Payments Dashboards Credit Card Companies 40

CreditStrong for Business

AUGUST 15, 2024

You can get business credit with just an EIN, but it’s difficult for most companies. Lenders generally want small business owners to apply for credit accounts with a Social Security Number (SSN), not an EIN. That’s primarily because the distinction between a small business and its owner is often negligible.

Credit Scoring 52

Credit Scoring Small Businesses Credit Card Payments Credit Card Companies 52

Fundera

AUGUST 26, 2018

Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. After all, you are the one in control of your business’s finances.

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Chapter 11 Bankruptcy Chapter 7 Credit Card Companies 65

Fundera

AUGUST 13, 2018

Gather your paperwork in advance, and you’ll not only have a better chance of knowing the types of small business loans you’ll qualify for, but you’ll have a smoother process when you finally apply. Personal Credit Score. Business Credit Score. Part I: Commercial Loan Documentation Checklist Basics.

Credit Scoring 59

Credit Scoring Credit Card Payments Small Businesses 59

Fundera

JULY 30, 2018

Why Credit Cards Loans Can Be Better Than Traditional Business Loans. When you have a small business, there are dozens of different expenses that you need to account for, including startup costs , equipment purchases, hiring and payroll responsibilities, and day-to-day costs like marketing and buying raw materials.

Credit Scoring 72

Credit Scoring Credit Card Companies Credit Card Payments Small Businesses 72

Fundera

APRIL 5, 2018

After you fill out a business credit card application and get approved, that piece of plastic has the power to build your credit, provide a flexible financial resource, and earn you rewards. It can even provide the foundation for working toward a small business loan.

Credit Scoring 49

Credit Scoring Credit Card Companies Credit and Collections Small Businesses 49

Fundera

JULY 5, 2018

You might be looking into a secured vs. prepaid business credit card if you’re struggling with your credit score, or trying to figure out which is best to build credit history. Both cards are excellent options for business owners—but each has ideal uses for different scenarios.

Credit Scoring 55

Credit Scoring Credit Card Companies Credit Card Payments Default 55

Fundera

NOVEMBER 14, 2018

That information appears on your credit report and is used to calculate a numeric credit score. Your payment history, credit utilization, mix of credit accounts, length of your credit history, applications for new credit all affect your credit and your ability to qualify for financing in the future.

Credit Scoring 57

Credit Scoring Credit and Collections Default Credit Card Companies 57

Fundera

MAY 22, 2019

When you’re beginning your small business, you may not pay a lot of mind to merchant services —aka how you’ll be processing payments. For instance, one card company or financial institution may use one term over the other; MasterCard uses MSP, while Visa uses ISO.) Processing Credit Card Payments.

Credit Card Payments 40

Credit Card Payments Small Businesses Transactions Credit Scoring 40

tillful

MAY 4, 2023

Many states allow you to pay taxes with a credit card. In Arizona, for example, you can use a credit card to pay individual income tax and small business income tax, but will have to pay a 2.35% convenience fee to do so. Is there a fee for using a credit card to pay taxes?

Credit and Collections 52

Credit and Collections Credit Card Payments Electronic Funds Transfer Credit Scoring 52

Fundera

MAY 1, 2019

Overview of Fulton Bank Business Loans. Fulton Bank offers five bank loans for business , and each one has specific variations depending on the product type. These loans can suit all kinds of small businesses in a range of different industries. Business Term Loans. These services include: Business Banking.

Credit Scoring 40

Credit Scoring Small Businesses Credit Card Payments 40

Fundera

MAY 22, 2018

When it comes in the form of a small business loan , debt can be beneficial to keeping your business functioning and growing. But, as a small business owner, you’re likely also aware of the bad kind of debt, which can be debilitating to businesses and their individual owners.

Bankruptcy 40

Bankruptcy Business Bankruptcy Chapter 11 Credit Scoring 40

tillful

NOVEMBER 8, 2022

For example, if your business gets approved for a $5,000 credit card, your credit limit would be $5,000. Once you hit that limit, you'll need to pay down the balance before you can use the card again. Credit score. A good credit utilization ratio is 30% or less. Current assets. Net income.

Credit Reporting Agencies 52

Credit Reporting Agencies Deductions Credit Scoring Credit and Collections 52

tillful

MARCH 15, 2023

When you apply for a business loan , the lender is going to consider a variety of factors including your credit score, annual revenue, time in business, and industry risk. Unfortunately, these types of businesses are sometimes used by criminals for money laundering and terrorist financing operations.

Credit and Collections 52

Credit and Collections Credit Scoring Credit Reporting Agencies Credit Card Payments 52

Due

SEPTEMBER 4, 2023

This all-in-one platform offers an array of features, including budgeting, bill tracking, expense categorization, and credit score monitoring, making it an indispensable asset for individuals seeking a comprehensive solution to their money management needs. Square (payment processing) Rating: 4.5/5

Credit Scoring 52

Credit Scoring Transactions Dashboards Brokerages 52

Fundera

NOVEMBER 1, 2018

When you’re searching for business financing, business loans shouldn’t be the only eggs in your basket. Your credit score might be a mess, you could have a lot of unpaid debt, and you don’t have a steady income stream. Given these realities, qualifying for a business loan is a big hurdle. Work on Your Credit Score.

Credit Scoring 45

Credit Scoring Credit Card Payments Small Businesses Default 45

Fundera

MAY 19, 2018

Small Business Association (SBA) loans are among the best ways to get funding for a bar, let alone any other kind of entrepreneurial idea you might want to pursue. You’ll have to open up the books on not only your business’s financial history but the financial records of you and your co-owners as well.

Credit Scoring 49

Credit Scoring Small Businesses Credit Card Payments Transactions 49

CreditStrong for Business

MARCH 21, 2025

Read on for an in-depth business financing guide. Youll learn about the many different business financing options, the costs of borrowing, and how to determine the best choice for your small business. You can use either option to access capital for your business, and each has its advantages and disadvantages.

Credit Scoring 52

Credit Scoring Credit and Collections Small Businesses Credit Card Payments 52