Category: Business Credit

10 Ways to Start Building Business Credit in Less Than 30 Days

Every small business owner knows the frustration of waiting for opportunities. Waiting for customers, waiting for payments, and most critically, waiting to access the funding needed to grow. Your business credit score often determines whether those funding doors open quickly or stay firmly shut. Establishing business credit can mean the difference between securing quick cash for emergency equipment repairs or watching operations grind to a halt. It can determine if you'll get favorable payment terms from suppliers or be stuck… Read More

The Pros & Cons of Business Credit Cards with Travel Rewards

For small business owners, travel can be an essential part of running a company. Many companies do business remotely, and have clients and colleagues across the country and around the world. And even if your customers are primarily local, you may benefit from traveling to conferences and other events that help your professional development. If you’re a business traveler, then you’ve probably wondered if it’s worth it to get a small business credit card that offers travel rewards and benefits.… Read More

10 States With the Best Business Credit Scores in 2018

It’s good to be a business owner in the Aloha State. Not only do they live in a notoriously beautiful place, Hawaiian companies have the highest credit scores of any U.S. state, averaging a business credit score of 54.6 on the Experian Intelliscore Plus℠ scale of 0 to 100. Hawaii’s credit score is considered low- to medium-risk. Businesses with scores in this range typically find it easier to qualify for loans with the best terms and lower interest rates. According… Read More

5 Small-Business Financing Myths Busted

As a business owner, you know that to make good decisions you need to know the facts. As human beings, though, our biases and assumptions can sometimes get in the way of facts. Recently, for example, I spoke with a successful business mentor who said she advises her clients to always avoid debt. While her intentions may be good, those clients may be missing out on significant opportunities to grow their businesses. Here are five common small business financing myths… Read More

The Best High Limit Business Credit Cards

When it comes to making purchases for your business, a small business credit card can be one of your most important tools. But too often, business users don’t receive a line of credit large enough to meet their needs. You may need a high-limit business credit card to enable short-term financing for key purchases, or you may need the spending power to realize the rewards or benefits of a credit card instead of using another form of payment. Thankfully, there… Read More

You Can Finance Your Business With Your Home’s Equity, But Should You?

Cash-strapped entrepreneurs often find themselves turning to personal sources of funding for their businesses, whether that’s personal credit cards or a personal loan. Also on that list of financing sources: home equity loans or lines of credit (HELOC). These loans can be easier to get than some small business loans (especially for startups), interest rates are often lower than unsecured loans, and best of all, the interest may be tax deductible. The new tax law takes something of a swipe… Read More