Do Judgments Impact My Business Credit Score?

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

How to Keep Your Business Credit Score from Derailing Your Side Hustle

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

Common Pitfalls in Business Credit Cards and How to Avoid Them

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

Should I Get a Business Loan or Credit Line?

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

How This Hollywood Makeup Artist is Giving Every Little Girl the Chance to be a Mermaid

Mark Viniello is the CEO of Overactive Imaginations, Inc., the company that makes Enchantails, a collection of sleeping bags that look like mermaid tails. Enchantails are sold with a storybook that tells the tale of each tail. A Hollywood makeup effects artist, Viniello has infused each product he sells with a little bit of movie magic. Starting Out Why did you start your business? I’ve been a professional makeup effects artist for 25 years. I make creatures, monsters, and that Read More

Plumfund Review: Free Crowdfunding Alternative to Business Loans

Running a business is a tough gig, but what can be even more tough is the process of accessing capital to get up and running. While many turn to friends and family for help with financing, others are wary of jeopardizing cherished relationships with a business transaction. Many are hesitant to seek out business loans or lines of credit, not wanting to take on an additional financial liability in the form of a monthly payment. Fortunately, there are other options. Read More

Business Loans You Can Get Without a Personal Guarantee

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

4 Small Business Loans You Can Get in 24 Hours

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

Common Pitfalls in Business Loans and How to Avoid Them

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

This Entrepreneur Made a Business of Grandma’s Recipes

Theo Lee is the CEO and founder of KPOP Foods, a business he started with friend and classmate Mike Kim. KPOP is a Korean food brand inviting people to discover and enjoy Korean food and flavors through its products. Lee and Kim sell a variety of products online, including a Korean chili sauce and roasted seaweed snacks. They hope to offer their products in retail stores in the coming year. Starting Out Why did you start the company? I graduated Read More