How to Get a Business Acquisition Loan

There’s nothing wrong with bootstrapping things and trying to grow your business the slow and steady way. However, if you’re comfortable with the risk, applying for financing can potentially help you reach your business goals much sooner. One way you can possibly speed up the journey to business success is by purchasing a business that has already gone through the painful start-up phase. If you’re considering this option, you’ll likely need to secure financing to pay for your new business Read More

3 Alternative Lending Options to Help Build Your Business Credit

As a small business, it’s not always easy to qualify for a bank loan. If your business is young, has little collateral, or doesn’t have an established credit profile, qualifying for traditional bank financing can be even more of a challenge. Because of the challenges involved with securing business financing, many small business owners turn to alternative lending options when they need to borrow money. What Is Alternative Business Financing? Alternative business financing is capital that you can borrow from Read More

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