Lendio

OCTOBER 26, 2023

Business cash advance A business cash advance refers to a type of financing you can use to borrow against future revenue that your business will earn. With a business cash advance, a lender provides you money up front and takes repayment via an automatic deduction of a percentage of your business’s future sales.

Small Businesses 97

Small Businesses Credit Scoring Credit and Collections Default 97

Lendio

JANUARY 25, 2023

Running a small business comes with many challenges and responsibilities. Yet one of your most important duties as a small business owner is managing your company’s finances. According to the Score Foundation , powered by the U.S. Read on for 11 tips to help you manage your small business finances.

Small Businesses 52

Small Businesses Credit Scoring Deductions Credit Application 52

Lendio

DECEMBER 7, 2023

Running a small business often requires making savvy decisions about acquiring necessary equipment without overspending. One popular strategy among small business owners is equipment leasing, which allows you to use high-quality equipment without the financial burden of buying it outright. What is depreciation?

Small Businesses 52

Small Businesses Credit Scoring Deductions 52

CreditStrong for Business

SEPTEMBER 6, 2024

Tax Deduction If you use a term loan for business purposes, the Internal Revenue Service (IRS) lets you deduct the interest portion of your monthly payments from your company’s taxable income. Because you can’t use business loans for anything else, their interest is almost always deductible.

Deductions 52

Deductions Credit Scoring Medical Billing Credit and Collections 52

CreditStrong for Business

NOVEMBER 15, 2024

As a small business owner, obtaining capital for your business is a top priority. But not all business loans are created equal in terms of what they’re designed to help you do. If you’re looking to purchase equipment to run your business, equipment financing is your best option.

Credit Scoring 40

Credit Scoring Credit Unions Deductions Small Businesses 40

Fundera

OCTOBER 20, 2019

How to Manage Small Business Finances in 5 Comprehensive Steps. Choose a business bank account and separate your personal and business finances. Organize your business finances by using accounting software and hiring a professional. Understand and fulfill your business tax responsibilities.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

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? 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?

Credit and Collections 130

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

CreditStrong for Business

OCTOBER 4, 2024

Purchasing a vehicle for your business can be expensive. But if you’re a small business owner who needs financing to buy a commercial vehicle, it may be wise to take out a loan in your company’s name rather than a personal loan tied to your consumer credit reports. Personal credit scores may require a separate purchase.

Credit Scoring 52

Credit Scoring Credit Unions Credit Card Companies Small Businesses 52

Fundera

AUGUST 16, 2017

When it comes to finances, small business owners have their work cut out for them: Not only do they need to manage their business’s finances, they have to manage their personal finances, too. And with personal and business priorities not always aligning, sometimes the task of managing both can feel like a juggling act.

Small Businesses 101

Small Businesses Credit Scoring Deductions 101

CreditStrong for Business

AUGUST 30, 2024

But if you still have a balance on that card, it’ll still count against you when credit scoring models calculate your credit score. If your credit utilization — the percentage of your total available credit that you’re using at a given time — is too high, it could damage your business credit score.

Credit Scoring 52

Credit Scoring Credit Card Companies Credit and Collections Deductions 52

Lendio

APRIL 23, 2024

Starting a new business can be an exciting journey, but it also comes with its own set of challenges. As a small business owner with poor credit, it can be even more difficult to find the financing you need. Reviewing previous credit history and checking your credit scores helps lenders predict risk.

Credit Scoring 52

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 52

Lendio

DECEMBER 14, 2022

Yet it’s also true that, when the right moment arrives, securing the right funding for your startup can be pivotal in getting your business off the starting block and on the path to success. Even as a small business owner with no revenue and no credit (or bad personal credit), you might be able to find a startup business loan.

Credit Scoring 98

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 98

Fundera

NOVEMBER 17, 2018

Some small business owners are already financial experts: they have MBAs, experience in the private sector, and strong literacy in all things related to managing small business finances. If managing finances for a small business has you feeling completely overwhelmed, take a look at this comprehensive primer.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

Fundera

NOVEMBER 17, 2018

Some small business owners are already financial experts: they have MBAs, experience in the private sector, and strong literacy in all things related to managing small business finances. If managing finances for a small business has you feeling completely overwhelmed, take a look at this comprehensive primer.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

CreditStrong for Business

NOVEMBER 1, 2024

That’s because the Small Business Administration (SBA) insures up to 85% of the loan amount, depending on the program and the value of the loan. Keep in mind, though, that SBA loans can be difficult to qualify for, especially if your business is still relatively new.

Credit Scoring 52

Credit Scoring Small Businesses Deductions 52

Fundera

JANUARY 18, 2019

If debt financing—or financing a business with a loan—is among the options you’re considering, you’ll want to master its ins and outs before making the decision. Let this guidebook help you understand the complete process of shopping and applying for a small business loan. Lines of credit. Credit cards.

Small Businesses 72

Small Businesses AR Aging Credit Scoring Deductions 72

Fundera

OCTOBER 16, 2015

If you’re a small business owner trying to secure a small business loan , the good news is you have more options available to you than ever before. Personal credit scores. Minimal time in business. Once money is drawn from the credit line, it must be repaid within six months.

Small Businesses 102

Small Businesses Credit Scoring Deductions Default 102

CreditStrong for Business

JULY 1, 2024

You’ll usually need good personal and business credit to qualify for an account. They often have clients with no business credit history and only fair or bad personal credit scores, which start at around 600 for FICO. The SBA offers many programs to help startups and small businesses get financing.

Credit Scoring 52

Credit Scoring Credit Unions Credit and Collections Nonprofit Organizations 52

CreditStrong for Business

SEPTEMBER 27, 2024

It’s when a lender requires the business owner to be personally responsible for repaying the loan if the business defaults on payments. So you’re like a cosigner on a small business loan for your company. This means your personal credit and business credit are used to qualify.

Credit and Collections 52

Credit and Collections Deductions Default Credit Scoring 52

CreditStrong for Business

AUGUST 21, 2024

What Is a Business Loan Broker? A business loan broker is a professional that works as a middleman to connect small business borrowers with lenders. What Are the Different Types of Business Loan Brokers? Small business loan brokers often specialize in a specific type of financing.

Brokerages 52

Brokerages Credit Scoring Credit and Collections Small Businesses 52

Fundera

SEPTEMBER 13, 2016

If you’re a small business owner on the hunt for business loans , you probably know the deal with traditional banks: big banks just don’t lend to small businesses. More than 80% of banks reported that they tightened their lending standards for small businesses after the recession. That’s partly true.

Small Businesses 104

Small Businesses Credit Scoring Credit and Collections Credit Card Payments 104

Fundera

NOVEMBER 4, 2015

When you’re new to the world of small business lending, it’s not uncommon to have more questions than answers. Almost without fail, the first question every small business lender or loan broker will ask you is, “How much do you need?” How will my credit impact my small business lending options?

Small Businesses 97

Small Businesses Credit Scoring Credit and Collections Default 97

Fundera

AUGUST 12, 2019

As a small business owner, you don’t have time to sift through tons of websites, Twitter feeds, Facebook groups, and blogs to find out what you need to know. We’ve found the most down-to-earth and noteworthy resources for small businesses that the online world has to offer. Barbara Weltman. Melinda Emerson.

Small Businesses 97

Small Businesses Credit Scoring Deductions 97

Your Virtual Credit Manager

SEPTEMBER 12, 2023

To make matters worse, invoice errors also tend to generate payment deductions (partial payments). Correcting invoices and reconciling payment deductions are essentially rework: work that is not necessary if you got it right the first time. To make matters worse, most payment posting errors will involve deductions.

Credit and Collections 130

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

CreditStrong for Business

OCTOBER 11, 2024

When you’re establishing yourself as a small business owner, there are dozens of administrative tasks begging for your attention. As a result, it’s easy to overlook some significant but less obvious steps, like getting yourself a 411 business listing. If you have a business office or store, that may be the best option.

Credit Scoring 52

Credit Scoring Deductions Small Businesses 52

Your Virtual Credit Manager

OCTOBER 17, 2023

In the end, this will likely involve changing credit limit guidelines as part of your implementation of a new set of credit controls, which is a process requiring a separate discussion. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

Bad Debt 130

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

Skogen Capital Lending

AUGUST 15, 2022

Some entrepreneurs may lack the credit history or rating for these loans, however. . The Small Business Administration- or SBA- also loans money to small businesses and brands. Credit Cards. Pay your balance each month to build and grow your credit score. Equipment Financing. Personal Loans.

Credit Scoring 52

Credit Scoring Deductions Small Businesses 52

Fundera

SEPTEMBER 13, 2016

If you’re a small business owner on the hunt for business loans , you probably know the deal with traditional banks: big banks just don’t lend to small businesses. More than 80% of banks reported that they tightened their lending standards for small businesses after the recession. That’s partly true.

Small Businesses 92

Small Businesses Credit Scoring Credit and Collections Credit Card Payments 92

Lendio

JANUARY 11, 2023

Cash advances are repaid automatically through a percentage of the business’s daily credit card deposits. Historically, merchant cash advances have been used by newer and smaller small businesses that may have a more difficult time qualifying due to a short time in business or low credit score.

Credit Scoring 97

Credit Scoring Transactions Deductions Small Businesses 97

CreditStrong for Business

OCTOBER 18, 2024

You must still be honest and choose one that accurately reflects your business activities. There may be consequences if someone discovers you’ve used an inappropriate code to avoid being labeled a high-risk business. For example, if your tax deductions are too different from other businesses with your NAICS code, the IRS may audit you.

Electronic Funds Transfer 52

Electronic Funds Transfer Credit Scoring Credit and Collections Credit Unions 52

tillful

FEBRUARY 14, 2023

Many small business owners are talented and passionate, but that doesn’t mean they love to crunch numbers. But, at the end of the day, the success of your business does come down to the financials. Here are the basics of how to organize small business finances. Nav also provides credit report tracking.

Credit Scoring 52

Credit Scoring Credit and Collections Deductions Transactions 52

Fundera

JANUARY 29, 2019

The San Antonio-based institution serves both consumers and businesses with a range of banking, insurance, investment, and loan products, all with an emphasis on tech-forward solutions. But for our purposes, we’ll focus on what entrepreneurs seeking business financing are likely the most curious about: Frost Bank small business loans. .

Small Businesses 40

Small Businesses Credit Scoring Credit and Collections Deductions 40

Credibly

JUNE 14, 2023

Automate Payments Set up automatic payments from your business account to reduce the risk of missed payments and late fees. By automating payments, you reduce the risk of error (even just something as simple as the month getting away from you) and consistently maintain a healthy credit score.

Deductions 40

Deductions Credit Scoring Credit and Collections Default 40

Fundera

MARCH 27, 2019

Business owners based in Connecticut, New York, Massachusetts, or Rhode Island might be considering Webster Bank small business loans as they’re searching for business financing. To start your search, we’ll show you just three of your alternative options to this (or any) bank’s small business loans. .

Small Businesses 40

Small Businesses Credit Scoring Deductions 40

Fundera

MAY 15, 2018

Sometimes as a small business owner, you need cash faster than a traditional lender can approve your business loan application. In that case, you’ll want to look into cash flow loans for small business, which can put cash in your hand in just a couple of days. Emergencies. Opportunities.

Small Businesses 65

Small Businesses Credit Scoring Deductions Transactions 65

Fundera

OCTOBER 6, 2015

As a small business owner, you don’t have time to sift through tons of websites, Twitter feeds, Facebook groups, and blogs to find out what you need to know. We didn’t think that was the best way to treat hard-working small business owners, so we came up with an answer: an easier method of finding the answer you need.

Small Businesses 112

Small Businesses Credit Scoring Deductions 112

Fundera

AUGUST 21, 2018

On the contrary, every new business comes with its own set of unique challenges, and small businesses are no exception. For newly minted entrepreneurs, it’s those quintessential “small business problems” that can break their operations—or make them, if navigated properly. Install business accounting software.

Small Businesses 107

Small Businesses Credit Scoring Deductions 107