Fundera

JUNE 15, 2018

Even before you began your search for small business loans , you’ve more than likely heard of a credit score. You’ve also more than likely heard of a good credit score, too. Here’s the gist of it: Your credit score is a numerical indication of how responsibly you’ve handled your financial obligations.

Credit Scoring 71

Credit Scoring Credit and Collections Default Credit Risk 71

Fundera

SEPTEMBER 1, 2017

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? How Can I Check the Credit Score of my Business?

Credit Scoring 70

Credit Scoring Credit and Collections Bankruptcy Credit Card Companies 70

CreditStrong for Business

JULY 11, 2024

Equifax’s three primary business credit scores are their Credit Risk Score, Payment Index Score, and Business Failure Score. You can typically call your scores in each of these models good if they’re above 556 , 90 , and 1,315 , respectively.

Credit Scoring 52

Credit Scoring Credit Risk Credit Reporting Agencies Credit and Collections 52

Your Virtual Credit Manager

DECEMBER 27, 2022

Adding to the credit grantor’s challenge, that line is constantly changing. 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.

Credit Scoring 130

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

Fundera

DECEMBER 12, 2018

Credit scores have become a huge part of our lives. There’s no question a good credit score is crucial for so many varying parts of our lives, but the questions stands—what is a good credit score? What is the score you need to get the best credit card, mortgage, business loan , auto loan, etc.,

Credit Scoring 71

Credit Scoring Credit and Collections Default Credit Risk 71

CreditStrong for Business

SEPTEMBER 18, 2024

Your business credit score is critical to the success of your small business. Earning a good business credit score makes affordable lending available and tells vendors they can trust you to keep up with payments. A good score for Dun & Bradstreet is between 80 and 100.

Credit Scoring 52

Credit Scoring Credit Risk Small Businesses 52

CreditStrong for Business

JULY 26, 2024

When you apply for a business loan, commercial lenders consider many different factors, including your business credit scores, credit history, financials, collateral, and more. What Is the Minimum Credit Score for Business Loans?

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Small Businesses Credit Risk 52

Biz2X

MAY 1, 2025

While traditional business loan underwriting has been human-based and reviewed by banking staff, the industry is evolving toward software-driven, automated lending decisions. Small business lending is influenced by a confluence of factors, including technological advancements, regulatory changes, and borrowers seeking funding.

Credit Risk 52

Credit Risk Small Businesses Credit Scoring Default 52

tillful

JANUARY 11, 2023

A business credit score is similar to your personal credit score in that it serves as a key indicator of your business’s financial health and reliability as a borrower to repay. Why is your business credit score a deciding factor for so many different financial transactions?

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Credit and Collections Small Businesses 52

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. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. What do you need help doing?

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Credit Application Bad Debt Bankruptcy Credit Scoring 130

Your Virtual Credit Manager

OCTOBER 17, 2023

(Photo by Jandira Sonnendeck on Unsplash ) In most cases, you therefore have to extend credit to your B2B customers, which entails the following risks: Not being paid anything Being paid an amount less than the full invoice value Not being paid on time, whether in full or in part These outcomes are known as credit risks.

Bad Debt 130

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

Eagle Business Credit

AUGUST 25, 2023

For small business owners seeking financing, the realm of business credit scores holds significant importance. These scores influence the availability and terms of loans. The landscape is further complex due to the diverse business credit agencies, each with its scoring model.

Credit Scoring 40

Credit Scoring Small Businesses Credit Reporting Agencies Credit Risk 40

tillful

JUNE 14, 2023

Looking to learn the ins and outs of Experian business credit scores ? as a consumer credit reporting company, but it also collects information on millions of businesses and provides business credit reporting services. What is an Experian business credit score ?

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy Credit Reporting Agencies 52

tillful

FEBRUARY 2, 2023

Can a checking account help or hurt your credit score? In most cases, the answer is neither — it doesn’t connect to business credit at all. However, there are some exceptions, and credit scoring models may be moving in that direction in the future. Do checking accounts affect your credit score?

Credit Scoring 52

Credit Scoring Credit and Collections Credit Unions Credit Reporting Agencies 52

tillful

JANUARY 24, 2023

You may have heard about a business credit score and wondered if you really need to focus on building it. Can’t you just rely on your personal credit score? A business credit score is based on the financial track record of your business, and is tied to your employer identification number (EIN).

Credit Scoring 52

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 52

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. What is an SBSS score? small business credit applicants.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Bankruptcy 98

Fundera

JUNE 25, 2018

Twelve Federal Reserve Banks surveyed 10,303 small businesses (businesses with fewer than 500 employees), and the results might surprise you. Rural businesses are smaller and grow more slowly, the data from the Small Business Credit Survey (SBCS) shows. Location Matters For Every Small Business.

Small Businesses 81

Small Businesses Credit Scoring Law Firms Credit Risk 81

Your Virtual Credit Manager

MARCH 28, 2023

Using objective criteria, it is relatively easy to determine which companies are worthy of open credit terms and which are not. There is a challenge, however, with the 20 to 30 percent of credit decisions that fall in between. The rule of thumb is the longer in business the lesser the credit risk.

Credit Scoring 130

Credit Scoring Credit Application Bad Debt Credit Risk 130

tillful

MAY 12, 2023

A poor business credit score or thin credit history can get in the way when applying for small business loans. This is especially true in higher interest rate environments, when lenders pull back on credit (like now). Your personal credit score is separate from your business.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Default 98

CreditStrong for Business

JULY 29, 2024

If your credit scores aren’t in good shape, it can be challenging to get access to financing for your small business. Fortunately, there are commercial lenders that offer small business loans with no credit check, and in some cases, it can be what you need to keep your business afloat.

Small Businesses 52

Small Businesses Credit Scoring Credit and Collections Invoice Amount 52

Fundera

MAY 21, 2019

Starting or growing a small business can be daunting, especially in terms of affordable access to capital. Without sufficient capital, small businesses often have to close down prematurely or slow down operations. To date, Fundera has helped thousands of small businesses grow, facilitating over $1 billion in funding.

Small Businesses 58

Small Businesses Credit Scoring Medical Billing Law Firms 58

Fundera

MARCH 6, 2019

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. Business Finance Terms and Definitions to Know.

Credit Scoring 105

Credit Scoring Credit and Collections Bankruptcy Small Businesses 105

CommandCredit

OCTOBER 11, 2021

A good business credit score can help you get financing more easily. It can help if you need to take out a business loan or establish credit with another company. At Command Credit, we make it easy to check your business credit score or those of your customers and suppliers.

Credit Scoring 40

Credit Scoring Credit and Collections Bankruptcy Credit Reporting Agencies 40

CommandCredit

OCTOBER 4, 2021

An excellent credit score demonstrates that you made good financial business decisions, such as keeping your debt low, paying your bills on time, and using credit responsibly. You should check your business credit score so you know what others see when they look at your business credit report.

Credit Scoring 40

Credit Scoring Credit Risk Credit Unions Bankruptcy 40

Fundera

APRIL 7, 2016

If you’re like many new small business owners, you might not realize how important your personal credit is to getting you a small business loan. Learn why good personal credit is so important to future business credit—and how to polish yours.

Credit Reporting Agencies 70

Credit Reporting Agencies Credit Scoring Credit Card Companies Credit Risk 70

Fundera

MARCH 21, 2019

What Is a Small Business Loan Request Letter? A small business loan request letter is a letter to a bank that supports your business loan application. If you’ve applied for a small business loan at a bank, you’re probably familiar with the need for a business loan request letter.

Small Businesses 65

Small Businesses Credit Scoring Credit Risk Default 65

Abrigo

NOVEMBER 17, 2023

Frustrating processes tied to credit requests and slow loan decisions are among borrowers’ biggest complaints about banks and credit unions compared to online or alternative lenders. Review everything from one system. The analyst can focus on analyzing large, complex scenarios rather than data entry and spreadsheets.

Credit Unions 88

Credit Unions CECL Credit Risk Credit and Collections 88

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 days to 31.3

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Abrigo

MAY 18, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." How broad a field does loan review need to plow to unearth potential credit risks and assess overall credit quality? Scope in loan reviewing What is the scope of an adequate loan review?

Credit Risk 78

Credit Risk Credit and Collections Default Credit Scoring 78

Fundera

FEBRUARY 23, 2018

If you’re new to applying for a small business loan, you’re not alone if just about everything seems overwhelming—the types of business loans , your potential, and understanding the loan terms that come with them. Then there’s the small business loan underwriting process, which involves a lot of paperwork and complicated steps.

Small Businesses 55

Small Businesses Credit Scoring Credit and Collections Credit Risk 55

Fundera

MARCH 14, 2019

More than one entrepreneur has found themselves wondering if there are Quicken small business loans. Quicken is one of the biggest names in lending, and s ince they seem to offer fast and dependable service, Quicken Loans sounds like the perfect place to go to request funding for your new or established small business. .

Small Businesses 52

Small Businesses Credit and Collections Credit Scoring Default 52

Emagia

FEBRUARY 21, 2025

Top Accounts Receivable Automation Software Vendor: Emagia Emagia: The Leading AI-Powered Accounts Receivable Automation Software Emagia is a top-tier provider of AI-driven accounts receivable automation solutions, offering businesses a smarter and more efficient way to manage their order-to-cash cycle.

Accounts Receivable (AR) 40

Accounts Receivable (AR) AR Automation Credit and Collections Cash Forecasting 40

Due

OCTOBER 20, 2023

Since the 2008 financial crisis, most small businesses and individuals looking to launch their startups have had limited options in securing funding. What was once considered an economic anchor of the United States, small businesses now account for less than 50 percent of the GDP.

Small Businesses 52

Small Businesses Credit Scoring Credit Risk 52

tillful

JANUARY 9, 2023

Or why SBA loans, the crème de la crème of small business loans, require so much documentation? You’re probably aware that good business credit comes with perks, but it might be less clear as to why. Well, it all comes down to credit risk. What is Credit Risk? Borrower Reputation.

Credit Scoring 52

Credit Scoring Credit and Collections Credit Risk Default 52

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

DECEMBER 27, 2018

If you’re a small business owner, you have two credit scores. There’s your personal credit score, and then there is your business credit score. A business credit score is a reflection of the creditworthiness of your business. Public Record. Public Record.

Credit Scoring 55

Credit Scoring Bankruptcy Credit Risk Credit Unions 55

CreditStrong for Business

OCTOBER 18, 2024

Yet lenders that use PayNet Scores will typically consider a PayNet MasterScore of 700 or higher to indicate a low level of credit risk. In 2019, the company was acquired by a major business credit bureau (Equifax). In 2019, the company was acquired by a major business credit bureau (Equifax).

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Default Credit Risk 52