Building a strong credit profile is vital to the long term success of your business. If you ever decide to secure financing for your business, the first thing that lenders do is to verify your business profile for fraud. They will also check the credibility of your business through credit reports. So before you decide …
Small business owners face lots of challenges on a daily basis but perhaps the most important one is limited funds. Having that extra cash at the tip of your fingers can be used to buy inventory, hire new employees, initiate a marketing strategy or campaign, or even open up a new physical location. It all sounds …
How to Prepare For Your Small Business Loan Application Read More »
There is no doubt that all parents want to see their children achieve educational success. They want their children to attend one of the top private schools and universities in the country, and either become an entrepreneur, a doctor, an artist, an athlete, or an engineer. There are, however, lots of challenges along the way. …
Did you know that anyone can check your business credit score? That’s why it’s always a good idea to use your credit cards properly and keep a good score. If not, you can actually create financial damage. That is, having a low score on your report can make it difficult to secure a small business …
Common Errors in Business Credit Reports and How to Fix Them Read More »
Cash flow is undoubtedly the lifeblood of your small business. And keeping the incoming and outgoing cash under control is a challenge for all business owners. Sometimes this challenge of maintaining it leads to the failure of businesses. If you’re running a seasonal business (for example, an ice cream shop), you will face lots of …
How to Manage Cash Flow For a Seasonal Small Business Read More »
As a small business owner, the idea of having some extra cash at your fingertips to grow or expand your business has come to mind. It’s an exciting idea, right? And you may have come up with a few ways to get that business loan you need, either through banks or alternative lenders. It may …
8 Questions to Ask Yourself Before Getting a Small Business Loan Read More »
As a small business owner, there is a chance that you will need a business loan to either expand or grow your business. There are many options out there to obtain the loan that works best for you. One of these options is traditional banks. Their application process is usually time-consuming and they have strict …
Rejected By a Bank For a Business Loan? Here’s What to Do Read More »
Have you applied for a small business loan? If so, you most likely have been told that your credit will be checked, and there might even be a “hard” credit inquiry. All lenders will check your credit score before qualifying you for a business loan. But you might now wonder, well, what’s the difference between …
Hard Credit Check vs. Soft Credit Check: What’s the Difference? Read More »
Have you considered getting additional financing to run your business? If so, it’s very important to build your small business credit score and maintain it. Similar to your personal credit, your small business has its own separate credit score. There are many benefits to building and maintaining a healthy business credit score. One of them …
If you are currently a business owner, you have most likely heard the term “Business financial statements”. It’s a big part of the language of all business owners but interestingly enough, many don’t realize its value for their business. There is one general purpose for business financial statements — to provide information about your business’ …
3 Main Purposes of Business Financial Statements Read More »
