Business and personal credit scores have a lot in common. That’s because both commercial and consumer lenders want to know the same thing: how likely you are to repay your debts. While civil judgments are no longer included in your personal credit report, court judgments against your business can still have an effect on your business credit score. What is a judgment? If your business has been sued by a creditor or supplier, it’s always a good idea to respond. Read More

For thirty-seven percent of working Americans, a single full-time job doesn’t cut it. Some has numerous side-hustles, while other may just maintain a single full-time job with a little gig on the side. Though the nature of these jobs can vary, many of them are performed under the guise of freelance or contract work. While this type of work can certainly can help pay the bills or earn you some extra cash on the side, they may not always be Read More

Almost every modern company runs on some form of credit these days. Even the most profitable businesses benefit from having a line of credit available for emergencies, well-planned purchases for perks, or improving their credit score. According to the Small Business Administration, 65 percent of small businesses rely on credit cards, but just 50 percent use business cards in the name of their company. This strategy can potentially harm a business owner’s personal credit, and it limits the opportunities to Read More

As the new year approaches, you probably have some big goals or plans for your small business. Chances are that those goals require money, money that you may not have on hand. This may mean it’s time to look into financing. To many business owners, debt is certainly a four-letter word and something to avoid, but a well-chosen path of financing can make all the difference. If you’ve been denied in the past because of a low business credit score, Read More

Most small business loans require a personal guarantee, especially if they’re unsecured loans without collateral. But if you’re not sure you want your personal assets on the line if your business fails, there aren’t a lot of options. Fortunately, there are a few business loans and lines of credit that you can get without a personal guarantee. And while they tend to charge higher interest rates than loans secured by collateral or your personal assets, it can be worth it Read More

Life doesn’t always allow us time to plan, and the same is certainly true when it comes to running a business. Equipment can break, revenue can unexpectedly slow, and other circumstances may arise that leave you in need of extra cash, and quick. For business owners that can afford to wait a few days for a loan or line of credit to come through, the options are plentiful. But what about when you can’t wait and need cash now? Fortunately, Read More

If you’re hoping to launch a new product, expand your workforce, or upgrade equipment, a small business loan can offer leverage and wiggle room for even the most cramped budget. For those who qualify, it can add liquidity in as little as 24 hours, as most business loans have online applications. Unfortunately, the application isn’t always the most difficult part of the process. See what struggles other business owners have experienced when getting funding and what you can do to Read More