Category: Business Financing

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

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