Category: Business Credit

Will A Business Debit Card Help Build Business Credit?

Will A Business Debit Card Help Build Business Credit?

In the process of trying to grow their businesses, savvy entrepreneurs have learned it helps to build a strong business credit profile. Good business credit scores can make it easier to qualify for certain types of financing and can help open the doors to opportunities like government contracting or working with large retailers. But figuring out how to build business credit can be confusing. Some types of accounts show up on business credit reports and some don’t, making the process… Read More
Why Business Owners Are Suing Equifax After Data Breach

Why Business Owners Are Suing Equifax After Data Breach

Small business owners often rely on good credit to help sustain their businesses, and the recent Equifax data breach may put them at risk. The first class action has been filed nationwide against Equifax on behalf of small business owners “for its failure to safeguard consumers’ and small business owners’ personally identifiable information." According to the complaint, many of the 143 million individuals whose personally identifiable information was stolen in the recent Equifax data breach are also small business owners.… Read More
Maxed-Out Credit Cards? Here’s How Maxing Out Your Business Credit Card Affects Your Credit Scores

Maxed-Out Credit Cards? Here’s How Maxing Out Your Business Credit Card Affects Your Credit Scores

Small business owners can run into short-term cash flow problems even when business is good — and this means you may end up needing to max out your business credit card. Maxing out a credit card means you use the entire amount of your available credit, called your credit limit. Business owners may also need to max out a card if sales are lagging and you need to cover business expenses. Regardless of why you need to fully use your… Read More
Should You Freeze Your Credit After the Equifax Data Breach?

Should You Freeze Your Credit After the Equifax Data Breach?

News of a massive data breach of one of the three major consumer credit reporting agencies, Equifax, has many individuals wondering if they should “freeze” their credit reports to protect themselves from identity theft. If you are wondering the same thing, here’s a guide to credit freezes that can help you make that decision. What Is a Credit Freeze? A credit report freeze (or “security alert”) is designed to protect your credit data so it is less likely to be… Read More
How to Report Your Clients’ Payments to the Business Credit Bureaus

How to Report Your Clients’ Payments to the Business Credit Bureaus

More and more, entrepreneurs understand the importance of building strong business credit. Good business credit is a valuable asset that can help open up new financing and business opportunities, and save business owners money when they borrow. Would you like to help your customers or clients enjoy those advantages? You can, if you start reporting payment history to commercial credit reporting agencies. Many small business owners extend payment terms to their clients, or provide goods or services before getting paid.… Read More
The Best Credit Cards For Doctors

The Best Credit Cards For Doctors

If there’s one career that constantly pulls you in different directions, it’s being a doctor. Not only do physicians have to understand the unbelievably complex human body, but some have to manage their own healthcare practices as well. And while patient health is the primary goal of practicing medicine, a doctor’s office is also a small business that needs the right tools to get the job done. The right business credit card can offer these business owners valuable perks and… Read More