Category: Business Credit

For business owners, 2018 has been a year marked by change. Though much of that change is linked to the 2017 Tax Cuts and Jobs Act, the government, specifically the Federal Reserve, just handed down some more changes, and according to financial experts, they may not be as beneficial. By the close of September, the Federal Reserve hiked interest rates for the third time this year, and economists anticipate that it won’t be the last time this year. The impact… Read More

Using a business credit card can make it easier to run your business and get rewards and perks along the way. But if you miss a payment by as little as one day, your card could become a thorn in your side overnight. So, if your cash flow is intermittent and you’re considering prioritizing other payments first, think again. 4 negative consequences of paying your business credit card late Four things can happen if you make a late payment on… Read More

It seems like a given for consumers to know exactly how much their credit will cost them. When you take out a personal credit card, mortgage, personal loan or any other type of financing, you're given details of exactly how much you'll be paying. This is all thanks to the Truth in Lending Act of 1968, which requires lenders to disclose details such as interest rate, payment schedule, overall cost of credit and other crucial details to the particular lending… Read More

Business credit cards often come with a lot of perks, but the best one has nothing to do with rewards, expense tracking, or even business-related services. No, the best credit card perk for business owners is a card’s grace period. Not only does it give business owners time to float expenses but it can also help them avoid paying interest on their purchases. What is a grace period? Your credit card grace period is the period between your statement date… Read More

It's the most horrible time of the year. Once again, tragedy and devastation in the form of a major hurricane has struck the southeastern United States, and the cleanup efforts will be an absolute bear. Early estimates put the damage caused by Florence around $17 billion to $22 billion. From a macro view, it can bring a sigh of relief, particularly in the shadow of the relatively larger Hurricane Harvey, which caused $125 billion. For the boots on the ground, however,… Read More

Many entrepreneurs, startups, and small business owners find the process of building a company’s credit frustrating. It’s not terribly difficult to build business credit, but it does involve a few steps — the most important of which is to sign up for accounts that report to commercial credit agencies. By paying those bills on time (or early) and keeping your debt in check, you can help build strong business credit. But because many small business bills aren’t reported to commercial… Read More