Category: Business Credit

How To Create a Financial Plan for the Small Business Saturday Push

How To Create a Financial Plan for the Small Business Saturday Push

Small Business Saturday is an opportunity to celebrate local businesses, and to encourage consumers to shop local.  For entrepreneurs, it can be an opportunity to get new customers and increase sales. But making Small Business Saturday a success isn’t without costs. Creating a financial plan for Small Business Saturday can help you make sure that your business is really ready for the holiday season. What is Small Business Saturday? Small Business Saturday is an annual event held on the Saturday… Read More
How To Build and Keep a Solid Business Credit Rating Before the Holidays

How To Build and Keep a Solid Business Credit Rating Before the Holidays

Every year, the holiday season seems to start earlier and earlier. For small business owners who rely on holiday sales, it’s never completely out of mind.  One factor that can impact a company's success during the holidays is its business credit rating. A solid credit score can open doors to better financing options, more favorable terms with suppliers, and increased flexibility in managing cash flow during this hectic time. The holidays are a key time for Myrlande “Mimi” Desances, the… Read More
Credit Cards That Report to Dun and Bradstreet

Credit Cards That Report to Dun and Bradstreet

Business credit cards can help small business owners establish business credit. On-time payments and low credit utilization on small business credit cards reported to  commercial credit bureaus help build strong business credit scores.  A good business credit profile may, in turn, help businesses qualify for a wider variety of small business loans and business financing options.  Major business credit bureaus include Dun & Bradstreet, Equifax, and Experian.  How Can I Ensure My Business Credit Card Activity Is Reported to Dun… Read More
Simple Ways to Build Business Credit and a Healthy Financial Routine

Simple Ways to Build Business Credit and a Healthy Financial Routine

Key takeaways: Simple habits can make it easier to build and keep great business credit scores.  Develop habits to help build good credit and a healthy financial business.  When your business has an opportunity to grow—or faces a cash crunch—the last thing you want to worry about is whether your credit is good enough to help you get funding. That’s why you want to build business credit before you need it.  In James Clear’s Atomic Habits, he explains how to… Read More
What is the Highest Possible Credit Score for Small Businesses

What is the Highest Possible Credit Score for Small Businesses

Quick question: what’s a good business credit score? When I’ve asked small business owners this question in webinars and workshops, they often guess numbers like 700, 750, or sometimes, 100.  The answer, I respond, is “it depends.”  That’s in part because the number that represents the highest possible credit score for small business depends on the scoring model used. And the other reason it depends is that each lender decides for itself how much risk it's willing to take. To… Read More
Nav vs WalletHub: Which Credit Service is Best for Your Business

Nav vs WalletHub: Which Credit Service is Best for Your Business

Checking your credit on a regular basis is important, whether you’re a consumer looking to make better credit and financial decisions, or a small business owner hoping to do the same.  With dozens of places where you check and monitor your credit reports and scores, you may not be sure what service will work for you. Here we’ll analyze two options: Nav and WalletHub.  Keep in mind that Nav is designed for small business owners, while WalletHub is focused on… Read More