Today, most entrepreneurs don’t know much about business credit.
Financing a business can be a test, particularly if you have constrained trusts in your record. Most business people search out business credits or bank advances with a specific end goal to fund their organizations. Beside customary business advances, what different choices do you have? Where would you be able to get…
“Equifax primarily acquires its information from two primary sources. First, all of its financial information is obtained through an exclusive data sharing agreement with the Small Business Financial Exchange, Inc. (SBFE).
Dun & Bradstreet is the primary company used to evaluate business credit and issue a credit score known as Paydex.
What happens when you dispute a charge on your credit card or discover a billing error? Here are the basics:
Crowdfunding is the collection of finance from backers—the “crowd”—to fund an initiative and usually occurs on the Internet platforms, also known as crowd financing and crowd sourced capital. There has been massive success worldwide for obtaining Crowdfunding.
D&B has tools also that are especially for prospecting and marketing. Prospecting Solutions is perfect for targeted lead lists.
You probably have personal credit scores established, and you are probably familiar with your scores at Equifax, Experian, and Trans Union.
Business credit is perfect for startups. Most conventional and private lenders won’t lend to companies without financials and who have been open two years or more.
Banks REQUIRE good credit to get approved as you know. Most people only go to their bank when they need money. But the most common business bank loan, SBA loans, only account for 1.1% of all business loans (Department of Revenue 2013). The reality is the big banks are NOT the suppliers of most business loans. And even…
Obtaining credit for your business with no personal credit check and no personal guarantee is very appealing.
Imagine having the ability to access $50,000, $100,000, even $250,000 for your business.
Now imagine doing this with NO personal credit check and NO personal guarantee.
Your success in business will be determined based on your business credit profile and score. With a good business credit profile you will have near…
When done properly, business credit is obtained without the SSN being supplied on the application.
If you are looking for money for your business than you will be happy to know you only need one “C” to qualify.
There are three major companies that collect business information and publish it. These are Dun & Bradstreet, Experian, and Business Equifax. D&B is by far the largest, but the other two are catching up quickly.
Fair Isaac and Vantage Score hold their credit scoring formulas as a close secret much like the formula for Coca-Cola or your grandma’s legendary double chocolate-chip cookies.
A shelf corporation is a paper or shell corporation that is administratively formed and then “put on a shelf” for several years to age. The term “shelf” or “aged” only refers to the fact that the company has already been filed and is sitting “on a shelf” waiting to be purchased.
With consumer credit, someone HAS to have Permissible Purpose to pull your personal credit… basically they must have your consent to review your reports. Only certain institutions such as banks, auto dealers, mortgage brokers, and others licensed to lend money and approved for credit pulling capabilities can pull your…
Those blanket debt consolidation loans offered by debt consolidation companies can sometimes seem like an appealing way to manage both business and personal debt. However, debt consolidation has its drawbacks for both business and personal credit. Let’s talk a little about each.
As a small business owner it can be quite a challenge deciding what the best business credit card is for you and your business.