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

Lendio

NOVEMBER 1, 2023

There are many different kinds of small business loans, making it essential to do your research before beginning any application process. The 11 most popular types of small business loans The following information covers the common routes entrepreneurs take to get the capital they need.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Default 98

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

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

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

CreditStrong for Business

JULY 24, 2024

There may come a time when you need to choose between business loans and your credit scores are low. By preparing in advance, you can quickly apply for the loan that best suits your working capital needs and your bad credit profile. A merchant cash advance may be available to even those with a very low credit score.

Credit Scoring 52

Credit Scoring Credit and Collections Small Businesses Deductions 52

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

Fundera

SEPTEMBER 19, 2016

If you’re a small business owner, here’s one fact you might care about: Bank of America works with over 3 million small business owners in the U.S. And they don’t only have business checking accounts to offer. Bank of America Small Business Loans: What You Need to Know. Actually, we take that back.

Small Businesses 102

Small Businesses Default Credit Scoring Deductions 102

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

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

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 26, 2016

If you know just a little bit about the small business lending industry, then you probably know that your local bank isn’t the only player in the game these days. That’s right—there’s a whole variety of alternative lenders that can now give you the funding your business needs to grow. Time in Business.

Small Businesses 86

Small Businesses Credit Scoring Credit and Collections Deductions 86

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

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

Emagia

FEBRUARY 21, 2025

Can small businesses benefit from accounts receivable automation? Yes, small businesses can benefit significantly from AR automation, as it reduces manual workload, minimizes errors, and improves financial efficiency. How much does accounts receivable automation software cost?

Accounts Receivable (AR) 40

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

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

MAY 4, 2017

Sometimes you just need extra capital to grow your business. If you’re not willing to give up equity in your company or don’t qualify for small business grants , then taking on a business loan could be the way to go. However, business loans certainly aren’t free money to use as you please for your business.

Small Businesses 85

Small Businesses Credit and Collections Credit Scoring Invoice Amount 85

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

CreditStrong for Business

FEBRUARY 21, 2025

Your sole proprietorship is a disregarded entity, which means you can largely ignore it for tax purposes and report your business income on your personal tax return. Your net earnings after allowable business deductions are subject to ordinary income tax rates, just like W-2 wages.

Default 52

Default Deductions Credit Scoring Small Businesses 52

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

Fundera

SEPTEMBER 15, 2020

You’ll see that this is one easy way for your business to get ahead. Many people associate EINs with big corporations, but even a freelancer or the owner of a very small business might need an EIN to file business taxes and for other purposes. Personal office deductions have a tendency to bring on IRS audits.

Deductions 130

Deductions Small Businesses Bankruptcy Credit Scoring 130

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

AUGUST 30, 2017

Where to Look for a Same-Day Business Loan. Small business owners can easily work with new, online lenders to access a variety of business financing—from term loans and lines of credit to invoice financing and short-term loans. Bad credit is accepted. Suitable for a wide range of business purposes.

Credit Scoring 81

Credit Scoring Deductions Small Businesses Invoice Amount 81

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

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

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 Small Businesses Deductions 97

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

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

Fundera

SEPTEMBER 7, 2016

Big banks and small business lending—how do they fit together? With increasingly tight lending standards, the biggest banks don’t give out nearly enough business loans to small business owners who need financing. billion to small businesses. billion to small businesses. Definitely not.

Small Businesses 59

Small Businesses Credit Scoring Bankruptcy Credit Reporting Agencies 59

Fundera

MAY 31, 2017

As a consumer in the United States, you know American Express as one of the biggest credit card issuers in the world. But as a small business owner, what do you know about American Express’s small business loans ? Would any of the American Express small business loans be a fit for your business?

Small Businesses 55

Small Businesses Credit and Collections Deductions Transactions 55

Fundera

MARCH 16, 2017

In many ways, a business loan can be a savior for an entrepreneur who needs financing. Small business loans can help you get out of a cash crunch, purchase game-changing (but expensive) equipment for your business, or help you seize an opportunity that will move the needle for your business.

Credit and Collections 81

Credit and Collections Default Credit Scoring Small Businesses 81

Fundera

SEPTEMBER 11, 2018

You’ll see that this is one easy way for your business to get ahead. Many people associate EINs with big corporations, but even a freelancer or the owner of a very small business might need an EIN to file business taxes and for other purposes. Personal office deductions have a tendency to bring on IRS audits.

Deductions 100

Deductions Bankruptcy Credit Scoring Small Businesses 100

Fundera

AUGUST 3, 2016

Amazon seems to have a hand in every business out there—books, electronics, entertainment, food, apparel, furniture… The list goes on and on. And in 2012, Amazon added yet another service to their list: small business loans through the Amazon Lending program. And a lot of those sellers are small businesses.

Credit and Collections 75

Credit and Collections Small Businesses Deductions Credit Scoring 75

Fundera

MARCH 28, 2016

Over 80% of successful small businesses need to borrow capital in order to finance their growth. If you’re the owner of a small business, chances are pretty good that you’re a part of that majority. Most small business lenders, especially banks, will require you to put down collateral in order to take out a loan.

Credit Scoring 76

Credit Scoring Credit and Collections Small Businesses Deductions 76

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

Fundera

AUGUST 15, 2018

Pay all of your business’s bills and loans back on time. You know where your personal credit score stands month-to-month and how personal credit impacts your ability to qualify for financial products. That definitely will help, but you also need to establish a positive business credit history.

Credit Reporting Agencies 76

Credit Reporting Agencies Credit Scoring Credit and Collections Small Businesses 76