Category: Business Financing

Most business loan and credit card applications ask questions about your assets. The fact is that secured business loans – those where you offer up your business property as collateral – are the most common loans talked about in conversations regarding business credit. There is another option, however. The unsecured loan does exist. It’s aimed at those who don’t have (or don’t want to risk) their personal or business property, should they fall behind on payments and default on the… Read More

Can online reviews on sites like Yelp or Google affect your business credit scores, or the ability of your business to get financing? The answer may surprise you.  Here we’ll unpack how online reviews can affect your business credit— and your business overall— and strategies you can use to bolster positive reviews.  The Importance of Trust You probably already know that it’s in your best interest to earn and maintain the best credit scores possible – both personally and for… Read More

Business credit cards can be a great way to manage your company’s expenses, and take advantage of benefits and rewards along the way. Most also provide easy access to a line of credit, which small business owners may find incredibly valuable for short-term financing needs and working capital.  However, credit card interest rates can be upward of 20% or more. That’s where a balance transfer comes in by providing access to lower-cost financing. Learn how a credit card balance transfer… Read More

Summer is well within view, and for millions of Americans, that means securing vacation time will become a top priority if it hasn’t already. While time off can be a welcome break from workplace stressors, that’s not always the case for business owners that need to manage operational needs. Things become even more challenging when employees are vying for the same dates. It may not always be easy, but there are some things you can do to manage employee vacation… Read More

A business credit card can be an incredible asset for your business. Many offer rewards and business-specific perks. Some offer introductory 0% APR promotions, which can help you save on interest. And most will also help you build business credit. But you might be wondering when it’s the right time to get one, especially if you’re just starting out. Here are some signs that can answer the question, “When should I apply for a business credit card?” 1. You Have… Read More

Imagine the following scenario. You apply for financing for your business, but you’re turned down. When you ask the lender why your application was denied, it’s because of negative information that showed up on your business credit report. There’s just one problem – the negative information on your business’ credit report is a mistake. Common Errors on Business Credit Reports It can be discouraging when problems on your business credit report keep you from qualifying for business financing or services.… Read More