Category: Business Credit

When it comes to paying for business purchases, you have choices. Business credit cards, business charge cards, business debit cards. Which one is best? And how do you choose? This guide will help you understand the differences between credit cards, charge cards, and debit cards so you can make an informed decision about which is best for your business. Types of Business Cards First, here are the most basic descriptions of each of these popular payment methods. Business credit cards… Read More

Small business loans, specifically commercial loans, are designed to help businesses borrow money for any number of reasons, from working capital to purchasing equipment or real estate.  Understanding how these loans work can help you make a smarter decision when your business needs a loan.  What is a Commercial Loan? The term "commercial loan" may sound intimidating if you're not familiar with it. If you're wondering, "What is commercial lending?" it simply refers to loans made to a business for… Read More

Rising interest rates may hurt borrowers, but they benefit savers. If your business has extra funds sitting in your bank account, you may want to put that money to work for your business with an interest-bearing savings account. And even if your business isn’t flush, establishing a business savings account can be helpful for your business financial health. Here’s how to find the best business savings account for your business.  Should I Get a Business Savings Account? Probably. Setting aside… Read More

Chase is one of the largest business banking players in the industry, and – while everyone is aware of their credit and loan products – not everyone knows about their three offerings for business checking accounts.  What can you expect? All of the qualified Chase business checking accounts offer the ability to manage your account from anywhere in the world, but the bank also gives you 5,000 physical branches for that face-to-face contact you might need from time to time.… Read More

What is Accounts Receivable Financing? Accounts receivable financing is a type of financing arrangement wherein a business receives financing funds based on part of its accounts receivable (AR) as either a loan or asset sale. It’s used to help businesses get cash instantly without having to wait as you might with other financing options like usual small business loans.  Whether you’re trying to expand your business or simply make ends meet, cash flow constraints are one of the biggest challenges… Read More