Category: Business Credit

Repairing a Delinquency On Your Business Credit Report

Repairing a Delinquency On Your Business Credit Report

Good business credit can open doors, making it easier for your business to qualify for small business loans and other types of financing. But it can also close doors by making it more difficult to get financing, supplier credit and even certain business opportunities.  If you check your business credit reports and find delinquencies (late payments) or other negative information, what should you do? Learn your options here.  What Is a Good Business Credit Score? There’s no single number that… Read More
UCC Filing Resources for Every US State

UCC Filing Resources for Every US State

The Uniform Commercial Code ("UCC") establishes a standard for recording liens that protect the financial interests of creditors. A UCC filing or UCC lien is a legal notice that creditors file in state courts to publicly protect their interest in property. These UCC filings can also affect your business credit, or your ability to get financing for your business. That's why understanding the UCC filing rules in your state can be helpful. When you pledge security for a loan, the… Read More
What Business Cards Report to Credit Bureaus?

What Business Cards Report to Credit Bureaus?

For business owners who plan to get small business loans, the best business credit cards are ones that report to the major business credit bureaus — this can help build business credit. However, not all small business credit cards report to these bureaus. In this article, we’ll explore why your business credit report matters, how it can affect your personal credit, and the business cards that report to one or more business credit bureaus. Do Business Credit Cards Report to… Read More
Build Credit With Business Charge Cards

Build Credit With Business Charge Cards

Charge cards can be an excellent way to build business credit, and offer a number of other key benefits for your small business. Here’s how to leverage business charge cards to build strong business credit scores.  Why Business Credit Is Important, Even if You Think You Don’t Need It Just like a good personal credit history makes it easier to get credit cards, a mortgage or even something as simple as a new cell phone, business credit opens up opportunities… Read More
The Ultimate Guide to Finally Understanding Business Credit Ratings in 2024

The Ultimate Guide to Finally Understanding Business Credit Ratings in 2024

Ever found yourself scratching your head over business credit ratings? Well, you're not alone. Navigating the world of credit scores can feel like trying to crack a secret code. But don’t worry: This article explains the nitty-gritty of business credit ratings. Get ready for a guide that speaks your language, with tips, hacks, and real-talk to finally make sense of it all. Whether you're a new small business owner or a seasoned entrepreneur, it's about to get a whole lot… Read More
Business Credit, Cash Flow and Lenders: What You Should Know in 2024

Business Credit, Cash Flow and Lenders: What You Should Know in 2024

Key Takeaways  Cash flow and credit are the top two factors many lenders consider when evaluating applications for small business loans and financing.  Cash flow indicates the ability to pay while credit represents the willingness to pay.  Learn how to position your business for financing in 2024 and beyond. It’s Still Possible to Access Capital in 2024  Interest rates have been rising. And some borrowers are finding it more difficult to get financing. Yet business owners in a variety of… Read More