When Should I Use My Personal Credit for My Business?

Great credit scores don’t happen by accident. They take hard work and consistency to earn. If you have brag-worthy personal credit scores, you’ve probably spent years building those scores and protecting them from damage. There’s no question that your personal credit can be an asset when you need to borrow money for your business. However, there’s also a deeper level of risk involved whenever you put your personal credit and finances on the line to vouch for your company. It’s Read More

Is There Such a Thing as Guaranteed Approval for Bad Business Credit?

Loan applications and bad credit are like oil and vinegar – they don’t mix together well. Whether you’re searching for a business loan or financing on the personal side, trying to find a lender who will let you borrow money with bad credit can be a frustrating process. If you have bad credit and you’re searching for financing, statements like “guaranteed approval” and “no credit check loans” can be very appealing. Could a guaranteed business loan be the answer to Read More

What Can My Business Credit Score Get Me?

As a small business owner, you’re constantly on the lookout for opportunities to give your business an edge. Finding ways to earn more money or reduce costs can not only bolster your business profits, it can also help you to stay ahead of the competition. You might not realize it, but good business credit can be a powerful tool to help your company succeed and grow. Here’s a breakdown of five of the best benefits you can enjoy when you Read More

How Reviews (Yelp, Google, Etc.) Can Impact Your Business Credit Score

You probably already know that it’s in your best interest to earn and maintain the best credit scores possible – both personally and for your business. There’s no question that a good business credit score can open doors to opportunities and save you money at the same time. As a small business owner, customer reviews can also play an important role in the health of your company. According to a recent survey, 86% of consumers check online reviews before deciding Read More

3 Common Errors on Business Credit Reports – And How to Fix Them

Imagine the following scenario. You apply for financing for your business, but you’re turned down. When you ask the lender why your application was denied, it’s because of negative information that showed up on your business credit report. There’s just one problem – the negative information on your business’ credit report is a mistake. Common Errors on Business Credit Reports It can be discouraging when problems on your business credit report keep you from qualifying for business financing or services. Read More

What Kind of Collateral Do I Need for a Business Loan?

You have a vision and you want to apply for a small business loan to bring it to pass. Congratulations! This is an exciting moment for any entrepreneur. Yet you may soon find out, if you haven’t already, that finding and qualifying for the right small business loan isn’t always easy. Between gathering the small mountain of documents you’ll need to supply and deciphering each lender’s qualification (and collateral) requirements, applying for a business loan can be quite confusing. One Read More

5 Reasons Why Your Small Business Should Borrow Now

People have a lot of opinions when it comes to debt and borrowing. At one extreme, some believe that all debt should be avoided and there’s no room for argument on the subject. Others perhaps borrow a little too freely, taking out new financing with little thought about whether doing so will be a benefit or a hindrance in the long term. As a business owner, it’s dangerous to take either of these positions. Naturally, borrowing money too aggressively and Read More

Business Credit Card Vs. Business Debit Card: Which Is the Better Choice?

There’s nothing like the convenience of plastic when you need to make a purchase. This is true both in your personal life and for your business as well. Yet not all plastic payment options are the same, and it’s important to understand the differences. While your business debit card and business credit card may look quite similar on the outside, they offer different benefits and rewards. I’m going to spoil the ending for you now. A business credit card is, Read More

Reporting Fraudulent Transactions on Your Business Credit Card

We live in a world where credit card fraud is the new normal. In 2018, the Federal Trade Commission received 167,000 reports from people who either experienced fraud on an existing credit card account or had an unauthorized credit card opened in their name. That’s just the number of people who reported the crime. The actual number of credit card fraud victims is undoubtedly much higher. Although most people think of consumers when it comes to unauthorized credit card charges, Read More

Personal Credit Cards vs. Business Credit Cards

You’re probably already familiar with the way personal credit cards work. As a business owner, you might have opened a credit card account or two for your company as well. Yet while the pieces of plastic you carry in your wallet may look similar, personal credit cards and business credit cards have some key differences. Here are four important facts about personal and business credit cards that you should know. Personal Cards vs. Business Cards 1. Business credit cards might Read More