Category: Business Credit

There are many reasons a smart business owner might need access to additional credit. Your cash burn rate could be too high, it might be time to reinvest in updated infrastructure, or you could want to bring on additional workers for the busy holiday season. Whatever the cause, an increase on an existing small business credit card is often the easiest path. Unlike opening a new account, crowdfunding, or vying for angel investors, getting a higher limit doesn’t usually require… Read More

The Pew Research Center reports that the Millennial generation is on track to become the most educated Generation in history based on degree acquisition. While this phenomenon is a result of a variety of circumstances, it’s a well-known fact that student loans have played a major part in this degree acquisition spike, allowing many to access a higher education that otherwise would have been too expensive to obtain. However, the other side of the coin is a reality that student loan… Read More

If you’re a small business owner, a business bank account is a must. Most small business owners will benefit from opening a business checking account to separate their business and personal expenses.  But you may not have thought much about a business savings account. How do you know when it’s time to open one, and where should you open a business savings account?  Do I Need A Savings Account For My Business? For some small business owners, a business checking… Read More

If your business is struggling to make it to the next level or has some cash flow issues, injecting some of your own cash can help solve your problems. You don’t have to go through a complicated loan process or wonder if your credit is good enough. But lending money to your business isn’t as simple as writing a check. It’s essential that you do it the right way and consider what might happen if your business can’t pay you… Read More

For a fledgling operation with little to no established business credit history, it can be discouraging to grow that business credit score. That’s why the recent announcement from Experian, regarding their new social media insight capabilities is so exciting. With the news of this innovative program for identifying credit risk, businesses have another avenue at getting access to credit that may have been closed to them before the program. What is the Social Media Insight Program? According to John Krickus,… Read More

Building a solid business credit history is essential if you plan on staying in business for a long time. Not only is it helpful when applying for a business loan, but it can also make it easier to find and work with suppliers and vendors. Building business credit can take time, though, so it’s important to start the process as quickly as possible. Here’s what you need to know. How long does it take to build business credit? There’s no… Read More