5 Ways You Might Be Wrecking Your Business Credit Without Realizing It

When it comes to your business credit scores, one or two mistakes can make a lasting impact. Happily, learning how your business credit report works will help you lessen the impact of those mistakes and avoid repeating them in the future. Even business owners with strong personal credit should take time to master this information, because business credit works a little differently. Here are five mistakes you should avoid when it comes to keep your business credit in tact. 1. Read More

When Can I Charge My Customers for Accepting Their Credit Card Payment?

Advancements in mobile and card technology have led to widespread consumer acceptance of card payments. In fact, recent surveys show that only 11% of buyers prefer cash, while the rest prefer to use a debit card or a credit card. While card payments give your business an important layer of protection to safeguard your transaction activity and streamline your business operations, they also lead to additional costs in the form of card assessment and interchange fees — also known as Read More

American Express Announces Additional Financing Product for Business Owners

American Express has been around since 1850, and it’s pretty well known by now that they offer killer personal and business credit cards. But did you know that they also offer business loans? American Express recently announced that they will now be offering loans for businesses needing “access to working capital and short-term financing.” American Express has designated these loans to qualified businesses in need of capital for consolidating debt to smooth out cash flow or make necessary purchases to Read More

The Survival Guide to Your First Year in Business

Starting a business can feel like trying to carry an egg through an obstacle course. You’re jumping hurdles, climbing vertical walls, and crawling through muck and mud. As the intensity of the challenge rises with each new encounter, you have to shelter a small, fragile object. Most small business owners have felt this way at one time or another, particularly during the early stages of running a business. Here are a few tips to ease your journey and keep that Read More

How to Find VCs and Angel Investors

When you’ve mapped out the coming months for your business and expect to need a good amount of capital to grow, you may need to find outside funds. If you have a wealthy family member who believes in your venture, you’re in a good position. Otherwise, you can seek funds in the form of debt or equity financing. Debt financing is when you take on someone else’s money in exchange for interest paid throughout the duration of the loan. Equity Read More

Getting Her Credit in Shape Helped This Woman Boost Her Business

In an industry dominated by male business owners, Leticia Giron has been in business for 21 years. She’s the owner of Belleza & Beauty, a wholesaler of beauty equipment that sells to spa owners, doctors, and distributors. She self-financed the business using savings and credit cards until new competition threatened her business. “I was buying all my equipment from a vendor who decided to increase his prices. He started showing up at the trade shows I would attend. I could Read More

Step-By-Step Guide to Reviewing Your Experian Business Credit Report

Strong business credit is one of the major building blocks of successfully growing a business. A clean report with killer scores makes it easier to qualify for good rates on financing, and keeping track of what’s in your report can help you avoid becoming a victim of fraud. But reading a business credit report isn’t easy if you’re not familiar with the industry mumbo jumbo of credit reporting agencies. Here’s your guide to demystifying the information in your report, so Read More

6 Ways to Save Money On Payment Processing Fees

In life and in business, fees are always adding up. Take business loans as an example. To get funds, you’ll pay an interest rate for an agreed upon term. There might be an origination fee for processing your application, a late payment fee if you’re behind on payments, or a monthly maintenance charge. You have to understand what you’re actually going to pay before you sign on the dotted line. Credit card processing fees are the same way. Here are Read More

The Worst Time To Apply for a Business Loan

Imagine this: You’re hard at work on your business, you’re growing and pouring more money into the development of your company. Times are busy, and more customers are inquiring about what you offer. Suddenly, it stops. Your existing contracts are ending, and the rate at which new customers are coming in is dwindling. If you’re not careful with your finances, a slow season can have cascading consequences. Less business means less cash flow and less cash flow can mean you’re Read More

Square Capital Review: Two Square Merchants Share Their Personal Experience

Sellers currently using or considering using Square Capital may not know that Square offers more than just credit card processing. They’ve entered the business lending game, offering loans through an invite-only program for sellers with a healthy business history with Square. “It’s a painless way of getting funds,” says Bernadette L. Harris, owner of By The Book Accounting, who got her first Square Capital loan in March of this year. But is a loan from Square a good option for Read More