Bank Credit
Bank credit is the total amount of borrowing capacity a business can get from the banking system. Banks have their own internal way of scoring and rating businesses credit worthiness. They do this through a system called bank ratings. It rates the creditworthiness of a business from the bank’s perspective. Businesses can get more business […]
Building Business Credit: Tips for Future Growth
Whether you need a little extra cash to buy new equipment, develop a new product, hire more people or kick off a marketing campaign, there are a variety of loan and credit opportunities to help you make the necessary investment for the next phase of your business growth. Whatever type of business funding you decide […]
Business Credit Benefits
Imagine having the ability to access a good $50,000 for your business. Your success in business is based on your business credit profile and score. With a good business credit profile, you will have nearly greater borrowing power. Without a good business credit profile, it will be a difficult path to success with no access […]
Denied Business Credit?
Per recent reports, as many as one third of applications for business loans get a denial. If you find yourself part of that group, there are some ways to help the situation. First, try to determine where the problem is. Possible areas of concern may include: have a healthy profit margin? Improving your profits by […]
Funding Sources
There are many sources who offer business funding today. Knowing these can help you find the best funding options for your business. Business Charge and Credit Cards are a fast and easy way to access cash for business. You can use the money for any purpose. Many merchants will approve you for individual credit cards […]
Outsourcing Live Receptionist Service for Flexibility and Growth
2021 is proving to be the year that small businesses prove their strength and resiliency. Companies are consolidating the lessons they’ve learned over the past year and are adapting to the fast-changing business landscape as restrictions continue to ease. A survey of U.S. finance leaders by Sage, ‘2021 Return to Growth Outlook’, found that 73% […]
The 5 Cs of Business Credit
The 5 Cs of business credit are: Character is all about you. It’s about your personal history, your stability, and how reliable you are. This variable is more subjective than the others. It is one of several reasons it is best to do business with a bank where you have built relationships with the people […]
The Dun and Bradstreet PAYDEX Business Credit Score
The main credit score used in the business world is the PAYDEX score from Dun and Bradstreet. This number assesses a business’s lending risk. It is much the same as a consumer credit score reflects a consumer’s individual credit risk. The exact definition from Dun & Bradstreet is: The D&B PAYDEX® Score is D&B’s unique […]
Three Business Credit Myths Debunked
A lot of people don’t understand the consumer credit system. And many more don’t understand the business credit system. Today I’ll cover some common business credit myths and explain what can be learned from them. Myth #1: Business Credit is Just Like Personal Credit This sounds like it ought to be true, but it isn’t. […]