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. The lower the score, the higher the risk.

Credit Scoring 52

Credit Scoring Credit Risk Credit and Collections Credit Reporting Agencies 52

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

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 Credit Risk Small Businesses 52

CreditStrong for Business

JULY 19, 2024

For some loan options, the Small Business Administration uses the FICO Small Business Scoring Service (SBSS). The FICO SBSS is a business credit scoring system that combines information from your business and personal credit history as well as your business finances.

Credit Scoring 52

Credit Scoring Credit Unions Small Businesses Default 52

CreditStrong for Business

JULY 19, 2024

Business credit cards have perks that consumer credit cards don’t have. This list features top business credit cards for low credit scores that let you apply online and get almost instant approval results. Applying won’t even affect your credit score negatively.

Credit Scoring 52

Credit Scoring Credit Unions Default Credit Card Companies 52

Credit Absolute

NOVEMBER 15, 2023

Will Your Credit Score Affect Your Business Loan Application? You’ve decided to begin applying for a small business loan. Congratulations! This exciting time for your new or existing company could forecast many great things.

Credit Scoring 52

Credit Scoring Small Businesses 52

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 52

Credit Scoring Small Businesses Credit Reporting Agencies Credit Risk 52

The Red Spectrum

APRIL 13, 2023

A business credit score is a numerical representation of a company’s creditworthiness. Credit bureaus calculate it based on the company’s credit history, payment behavior, and other financial data. Having a good business credit score is crucial for several reasons.

Credit Scoring 86

Credit Scoring Credit Reporting Agencies Small Businesses 86

Lendio

AUGUST 23, 2024

Okay, so you have bad credit or little credit history and you’re trying to open a business credit card account for your small business… Plenty of successful business owners have launched their companies with bad credit. What is a “bad” credit score?

Small Businesses 98

Small Businesses Credit Scoring Deductions 98

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

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

Lendio

FEBRUARY 22, 2023

What’s more, on Main Street, most bankers are just as interested in your personal credit rating as your business rating—sometimes even more. Minimum Credit Score By Loan Type Lenders look at both business and personal credit scores when reviewing small business financing applications.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy Small Businesses 52

The Red Spectrum

MAY 8, 2023

Small businesses are the backbone of the economy. However, starting and running a business requires much capital. As a result, most entrepreneurs depend on small business financing to get their ventures off the ground. In recent years, the small business financing landscape has undergone significant changes.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Transactions 98

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

CreditStrong for Business

AUGUST 9, 2024

Running out of funds is one of the most significant dangers to small businesses, and loans can be frustratingly hard to obtain. Only 42% of small businesses managed to qualify for sufficient financing in 2021. As a result, local offerings are a great place for California business owners to start looking for funding.

Small Businesses 52

Small Businesses Credit Scoring Credit Unions Default 52

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

Lendio

JULY 19, 2024

A small business loan can be secured or unsecured. A secured loan is backed by collateral like property, equipment, or other business assets of value. Learn more about secured vs unsecured business loans below to decide which option is right for you. The post Is A Small Business Loan Secured Or Unsecured?

Small Businesses 104

Small Businesses Default Credit Scoring 104

CreditStrong for Business

AUGUST 9, 2024

Starting a business in Texas has been a popular move in recent years since the state boasts the second largest economy in the US. The Lone Star State also gives small business owners impressive tax breaks, which can make a big difference in your bottom line. Their small business microloans range from $5,000 up to $50,000.

Small Businesses 52

Small Businesses Credit Unions Credit Scoring Nonprofit Organizations 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

Fundera

AUGUST 30, 2018

Your personal credit score is much more than a number. It’s what stands between you and the best financial products for business owners. A good personal credit score is key to qualifying for business loans and business credit cards and to receiving favorable rates on those products.

Credit Scoring 74

Credit Scoring Small Businesses Insurance Companies Credit Reporting Agencies 74

Lendio

MAY 28, 2024

More than 30% of American small businesses are not approved for at least some of the funding they apply for. Reasons for this can range from operating in a risky industry to a low credit score. Which documents will you need to apply for business financing? Documentation requirements for SBA loans.

Small Businesses 98

Small Businesses Credit Scoring Transactions 98

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

SEPTEMBER 18, 2018

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

Credit Scoring 93

Credit Scoring Small Businesses Credit and Collections Collector 93

CreditStrong for Business

AUGUST 9, 2024

Small businesses in Florida make up 99.8% of the Sunshine State’s businesses, and they employ 3.6 Small Business Administration (SBA). If you’re looking to start a new business or expand an existing one, there are plenty of opportunities for financing, both locally and nationally.

Small Businesses 52

Small Businesses Credit Unions Credit Scoring Nonprofit Organizations 52

CreditStrong for Business

SEPTEMBER 18, 2024

Small Business Grants for Felons Here are some ways to obtain funds that you can use to build your business that don’t require repayment. FedEx ® Small Business Grant Contest FedEx ® has shelled out more than $1.5 million in cash and prizes to over 100 small businesses since 2012.

Small Businesses 52

Small Businesses Credit Scoring 52

CreditStrong for Business

OCTOBER 4, 2024

Building your business requires capital, and, fortunately, there are plenty of funding options for small businesses from which to choose. But depending on how long you’ve been in business, your annual revenue, business credit history, and other factors, some options may be a better fit than others.

Small Businesses 52

Small Businesses Credit Unions Credit Scoring 52

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending.

Credit Unions 97

Credit Unions Small Businesses Credit and Collections Credit Risk 97

Headway Capital

OCTOBER 26, 2022

A good credit score can make all the difference. The post How to Improve Your Personal and Business Credit Scores appeared first on Headway Capital Blog. Lower interest rates. Better deals. Greater chance of approval.

Credit Scoring 52

Credit Scoring Small Businesses 52

Eagle Business Credit

JULY 28, 2023

It’s important to plan ahead with small business funding. In a perfect world, you would have a flexible funding option that grows in line with your business growth. If you secure a large order and need more cash on hand to fulfill it, you may scramble for extra cash and look for fast ways to fund your business.

Small Businesses 97

Small Businesses Credit Scoring 97

Lendio

DECEMBER 12, 2022

The availability of dependable cash flow can have a big impact on the success of a small business. Yet a 2021 report from the Federal Reserve shows that, when businesses applied for financing, nearly 60% of applicants were either outright denied or able to borrow only a portion of the money they needed. . Time in Business Min.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Credit Reporting Agencies 98

CreditStrong for Business

NOVEMBER 8, 2024

That excitement might be overshadowed by reasonable worries that most small business owners have. Is the business going to be profitable? We’ll go over these questions plus some of the common startup costs for small business owners. How Much Does it Cost To Start a Small Business?

Small Businesses 40

Small Businesses Credit Scoring 40

Lendio

APRIL 30, 2024

Given the potential impact financing can have on your business, you need to find the best place to get a small business loan. Lendio reviewed the largest SBA lenders and national banks to find the ones with the best small business loan options. Let’s look at some of the prime bank options available to you.

Small Businesses 97

Small Businesses Credit Scoring 97

Eagle Business Credit

AUGUST 23, 2023

For small business owners seeking funding options, new entrepreneurs embarking on their journey, and even those grappling with poor business credit, understanding the significance of a business credit score is a fundamental step towards securing financial stability and growth.

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 52

CreditStrong for Business

NOVEMBER 1, 2024

In this article, we’ll make it easier on you by uncovering what to expect from government small business loans and how to prepare for them. This gives startup business owners who don’t qualify for traditional bank loans a better chance at getting approved for financing that’s vital to the growth of their business.

Credit Scoring 98

Credit Scoring Credit and Collections Credit Unions Small Businesses 98

Eagle Business Credit

DECEMBER 8, 2022

Growing businesses require more funding, and when 82% of failed businesses cite cash flow problems as a cause, it is smarter to find a funding source sooner rather than later. Here are some debt-based small business financing options. Conceding control of your business is daunting to any proud entrepreneur.

Small Businesses 98

Small Businesses Credit and Collections Credit Scoring 98

The Red Spectrum

MAY 11, 2023

Late fees and credit score damage for your company can arise from late payments. It’s important to read the small print and abide by the terms that were agreed upon. Late payments can damage your business’s reputation, impact your credit score , and result in hefty fees and penalties.

Small Businesses 97

Small Businesses Credit Scoring 97

Lendio

DECEMBER 8, 2023

Navigating the world of small business financing can seem like a daunting task, especially when you’re just getting started. One of those resources is small business grants, essentially free money that you don’t have to pay back. But don’t fret—there are resources available to help you on your journey.

Small Businesses 98

Small Businesses Credit Scoring 98