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Financial Literacy: 10 Ways to Improve It

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Having an emergency savings account is one of the most crucial ways to prevent credit card debt from building up. As a result, this prevents harming your credit score or even bankruptcy. Understand credit scores. Your credit score will be pulled instead,” adds John. How to rebuild a damaged score.

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Small Business Lending Report 2020: The Businesses Most Likely to Receive Funding

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The average personal credit score (Experian FICO 8) of small business owners was 657, and the average business credit score (FICO SBSS) of 170. One of the most important factors that a lender considers during a loan application is the business owner’s personal credit score. higher than average. .

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The 37 Best Resources for Small Business News

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Columnist and small business owner, Gene Marks , writes regularly on his blog and for the Washington Post, Forbes, Inc Magazine , and Entrepreneur. The online magazine Noobpreneur showcases multiple authors on subjects like business management, business technology, and marketing. Gene Marks. Never fear: we included some fun ones, too.

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The 35 Best Resources for Small Businesses in 2019

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Columnist and small business owner, Gene Marks , writes regularly on his blog and for the Washington Post, Forbes, Inc Magazine, and Entrepreneur. The online magazine Noobpreneur showcases multiple authors on subjects like business management, business technology, and marketing. Gene Marks. ” Amanda Miller LittleJohn.

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How to Open a Pizza Shop: The Ultimate Guide

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While having fancy equipment, like a wood-burning oven, might have higher costs, as this New York Magazine report finds, the oh-so-satisfying taste it produces might be worth it. Establishing your bank account early on is also an important element for building your business credit score.

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How This Vet Saved His Business $3,000 a Month

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He spotted an ad for a short-term lender in the back of his favorite trade magazine and decided to give it a try. Even though his revenue was strong, he paid his bills on time, and he had a great credit score, they couldn’t ignore that his cash flow was so limited. No drastic change in his credit score.

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Your Ultimate Guide to Starting a Business with Student Loan Debt

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But to qualify for most loan refinancing, your credit score has to be good—in the high 600s at least,” says Inc.com. Short-term debt relief is not without long-term pitfalls,” says Entrepreneur magazine. Often, it’s your credit score. These companies include SoFi , CommonBond, LendKey , and Earnest.