Fundera

FEBRUARY 6, 2018

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. Accounting Terms to Know. Accounts Receivable.

Small Businesses 105

Small Businesses Credit Scoring Credit and Collections Bankruptcy 105

Fundera

JULY 6, 2016

That’s right: your personal ( not business) credit score matters more than anything else. In this credit score guide, we’ll take a look at why your credit score matters, how it affects your business financing, and what improving your credit can do. What’s a Credit Score?

Credit Scoring 74

Credit Scoring Credit and Collections Bankruptcy Small Businesses 74

Fundera

JANUARY 20, 2019

The 10 Best Banks for Small Business in 2019. Wells Fargo: Best for small business lending. Chase: Best for small business credit cards. Capital One: Best for high number of deposits and monthly transactions. The 10 Best Banks for Small Business in 2019. Wells Fargo.

Small Businesses 92

Small Businesses Credit Unions Transactions Credit Scoring 92

Fundera

MAY 10, 2018

If you’re serious about running and growing your small business, you’ll want to set up a business bank account ASAP so you can start managing your finances (and, eventually, apply for a small business loan ). Before You Find a Small Business Bank, Find the Best Small Business Credit Card.

Small Businesses 92

Small Businesses Credit Scoring Transactions 92

Fundera

FEBRUARY 2, 2016

In small business lending, it means access to industry-wide information on eligibility requirements and rate trends. Our business model works by creating a buyer’s market, putting the borrowing power back in the hands of small business owners. It’s for small business owners, by small business owners.

Small Businesses 76

Small Businesses Credit Scoring Transactions 76

Fundera

JUNE 20, 2017

So, what is a Paydex score? A Paydex score is a credit score for businesses. In fact, it operates much like the FICO individual credit scores you get through shopping with credit cards, taking out personal loans, etc., You can then access your score by purchasing a business credit report.

Credit Scoring 63

Credit Scoring Transactions Small Businesses Insurance Companies 63

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

Fundera

APRIL 11, 2016

Every quarter, Fundera releases The State of Online Small Business Lending: a report that makes use of our data to educate business owners, borrowers, lenders, bankers, and anyone else interested in the trends of online small business lending. Q1 2016: Millennials & Small Business Lending.

Small Businesses 76

Small Businesses Credit Scoring Credit Card Companies Transactions 76

The Red Spectrum

MAY 2, 2023

Running a small business requires significant investment, whether it is financial or non-financial. However, financial investment is the most essential aspect of any small business venture. A small business credit card is one of the key financial tools that small business owners can utilize to manage expenses.

Small Businesses 71

Small Businesses Credit Scoring Transactions 71

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. The card comes with zero liability protection, no annual fee, and no foreign transaction fees.

Credit Scoring 52

Credit Scoring Credit Unions Default Credit Card Companies 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

NOVEMBER 7, 2020

Here’s what you need to know about business bridge loans, and where you can start your search for bridge lenders. What Is a Bridge Loan for Small Business? A bridge loan is a short-term loan that does exactly what the name suggests—it bridges the gap in time for a transaction to close. 600+ personal credit score.

Small Businesses 75

Small Businesses Credit Scoring Transactions Default 75

Fundera

FEBRUARY 16, 2016

Invested in technology, data analysis, and special algorithms, startups began to capture the small business market previously ignored or denied by banks. And since the financial crisis, when credit tightened more than ever, these small business owners have been heading to the newest online lenders instead of their local banks. .

Small Businesses 76

Small Businesses Credit Scoring Credit and Collections Investment Firms 76

The Red Spectrum

MAY 2, 2023

Running a small business requires significant investment, whether it is financial or non-financial. However, financial investment is the most essential aspect of any small business venture. A small business credit card is one of the key financial tools that small business owners can utilize to manage expenses.

Small Businesses 66

Small Businesses Credit Scoring Transactions 66

Fundera

DECEMBER 20, 2018

What Is a Paydex Score? A Paydex score is a proprietary business credit score generated by Dun & Bradstreet. The score determines your business’s creditworthiness, or how promptly you repay your vendors and suppliers. Scores range from 1 to 100. Paydex Score Defined.

Credit Scoring 57

Credit Scoring Insurance Companies Transactions Small Businesses 57

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

Fundera

APRIL 17, 2018

It may also save you money because fees for prepaid cards have fallen over the years, making it more affordable than traditional cash or even check transactions. We’ll break down all the details on your top options for prepaid business debit cards so that you can find the perfect one for your unique needs.

Small Businesses 84

Small Businesses Transactions Dashboards Credit Scoring 84

The Red Spectrum

APRIL 20, 2023

Building business credit is essential for small businesses looking to grow and expand. Without a strong credit score, securing financing or partnerships that can help your business thrive can be difficult. Why separate a business from the owners?

Small Businesses 60

Small Businesses Credit Scoring Credit Reporting Agencies Transactions 60

Fundera

OCTOBER 9, 2015

Without it, invoices languish, inventory goes undelivered, employees go unpaid, and business stagnates. For small businesses, though, just one supersized order can upset the delicate working capital balance, and often business owners are forced to leave money on the table. First, what is business credit?

Credit Scoring 102

Credit Scoring Small Businesses Dashboards Transactions 102

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

CreditStrong for Business

SEPTEMBER 6, 2024

You can build credit, grow your revenues, and shop around before settling down on your best offer. Step 2: Check Your Credit Scores and Reports Your current creditworthiness is another factor to consider when narrowing down your potential startup financing options.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Credit Unions 98

Fundera

SEPTEMBER 27, 2016

Using a business credit card comes with a lot of perks for small business owners. You can use one for backup business financing , to build business credit , to cushion your cash flow, to earn rewards on your purchases… The list of benefits goes on and on. Step 2: Look up your credit score.

Credit Scoring 101

Credit Scoring Credit Card Companies Small Businesses Transactions 101

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

DECEMBER 8, 2017

As you’re searching through your options for small business credit cards with no credit—you’ll quickly realize that a lack of credit history can seriously get in your way. We know—this can be a frustrating reality for many small business owners. Getting Small Business Credit Cards with No Credit.

Small Businesses 63

Small Businesses Credit Scoring Transactions 63

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 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

Lendio

OCTOBER 17, 2023

By being prepared and following these simple steps, you’ll be one step closer to achieving your business goals. Let’s learn how to get a business loan. Understand your small business’s needs. The first step in getting a small business loan is planning the funds you will receive. Ready to find out more?

Credit Scoring 98

Credit Scoring Credit Unions Small Businesses Transactions 98

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

Fundera

OCTOBER 5, 2019

Step 4: Register your business. Step 6: Obtain funding for your small business. Step 8: Open a business bank account. Step 10: Start running and promoting your business. Starting a small business is a big, scary step into the unknown, but just by considering the option, you’ve taken the first crucial step.

Small Businesses 96

Small Businesses Credit Scoring Transactions 96

Lendio

JANUARY 6, 2023

Small business loans are one of the most popular ways for entrepreneurs to get the money they need to start a business and keep it running. Yet, despite the importance of accessing capital, some small business owners struggle to qualify for funding. Credit score and credit history (business and personal).

Credit Scoring 93

Credit Scoring Small Businesses Transactions 93

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

The Red Spectrum

JUNE 12, 2023

They will look at your employment status, salary, business revenue, and other sources of income. They will look at your credit score, payment history, utilization ratio, balance transfers, cash advances, and other transactions. The minimum amount due is the lowest amount you can pay to avoid late fees and penalties.

Credit Scoring 96

Credit Scoring Transactions Default Small Businesses 96

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

Eagle Business Credit

APRIL 8, 2025

In today’s ever-changing economy, small business owners have several alternative business financing options , each with distinct features and implications. Two of the most popular business funding sources are Merchant Cash Advances (MCAs) and Invoice Factoring.

Deductions 45

Deductions Credit Scoring Credit and Collections Default 45

Fundera

OCTOBER 6, 2016

There was a time when a small business owner had to apply for a loan at a traditional institution like a bank and wait weeks to hear whether or not they’d been approved. Kabbage , which started extending loans in 2011, now extends over $1 billion in small business financing a year. What Are The Requirements?

Credit Scoring 84

Credit Scoring Transactions Small Businesses 84

Fundera

JANUARY 27, 2016

One of the best parts of owning a small business? Especially when it comes to your business’s financials, you want to be a perfectionist. Meanwhile, the best finance apps for small business owners are designed to let you focus on what’s most important—and leave the computing to the computers. Capital One Mobile.

Small Businesses 76

Small Businesses Credit Card Payments Credit Scoring Transactions 76