What Is a Confession of Judgment?

As a business owner, you’re probably used to putting your signature on a lot of documents. This is especially true if you’ve ever signed a commercial lease or taken out a business loan, line of credit, or merchant cash advance for your company. There’s just one problem. Most financial agreements are filled with legal jargon that you probably won’t fully understand unless you commit a few years of your life (and perhaps around $30,000–$50,000) to attend law school. Of course, Read More

Are Shelf Corporations Legitimate?

As a small business owner, it’s smart to look for ways to help your company get ahead. However, there’s a difference between trying to get ahead and looking for shortcuts. Shelf corporations often, though not always, fall into the latter category. Shelf companies are formed for the purpose of being sold off, after an excellent business credit rating has been established. There’s just one problem. If you purchase a shelf corporation and use it to access business financing, like credit Read More

Net 90 Vendors

Many small business owners are intimidated at the prospect of trying to build business credit. Some realize it’s important to earn strong business credit scores and reports, but don’t know how to start the process. Thankfully, building good business credit doesn’t have to be difficult. In fact, if you start by opening a few strategic vendor accounts, you might be surprised just how easy it is to send your business credit scores moving in the right direction. How Do Small Read More

Net 60 Vendors

Managing cash flow and building a solid business credit profile are two of your most important duties as a small business owner. The Federal Reserve reported in it’s 2015 Small Business Credit Survey that 25% of startups say cash flow is their number one business challenge. Yet, when businesses try to borrow, they often don’t qualify for the money they need. The same Federal Reserve study showed that 28% of business loan applicants didn’t receive all of the money they Read More

Easy Approval Net-30 Accounts: How They Work and How to Get Them

Four Easy Approval Net-30 Accounts If you’re looking to establish business credit with easy net-30 accounts, this comprehensive guide will help you understand how to get started. We recommend you review the entire guide to get the full picture of how to build and maintain strong business credit using trade credit. Each supplier listed here offers a wide variety of products that many businesses can use. By purchasing items you need for your business on payment terms and then paying Read More

What Is Business Credit?

At some point in your journey as an entrepreneur, you’re sure to come across the term “business credit.” However, if you’re like many business owners, you may wonder what does business credit mean? Business credit is a company’s ability to buy something now and pay for it later. By establishing a good business credit rating, you make it easier to borrow money when your company needs it. Keep reading for a breakdown of how business credit works, how to get Read More

How to Open a Business Credit File

Even if you have great personal credit, as a new business owner you might not understand how to open a business credit file for your company. While personal and business credit have a lot of similarities, there are differences as well. Just because you know how personal credit works doesn’t mean you know how to build solid business credit scores that can help your company thrive and grow. If you don’t know where to start when it comes to establishing Read More

How to Build Commercial Credit for Your Business

It takes a lot of hard work to build a successful business. Branding, product or service development, marketing, and good customer service can all be key components to your company’s success. But these aren’t the only things that matter when you’re trying to grow a healthy business. Good commercial credit can also be a powerful tool you can use to help launch your company and expand. What Is Commercial Banking and Credit? As a small business owner, the lines between Read More

How to Build Corporate Credit

It’s not unusual to feel confused about how corporate credit works. If you’re unsure how to build corporate credit for your company, you certainly aren’t alone. In fact, nearly half of small business owners aren’t aware that they have a business credit score in the first place. Even if you understand how to earn a good credit rating with the three personal credit reporting agencies – Equifax, TransUnion, and Experian – business credit reporting is a different animal. It’s perfectly Read More

Who Are the Business Credit Bureaus?

As a small business owner, keeping an eye on the health of your company’s credit is a task which deserves a place near the top of your to-do list. But have you ever wondered where your business credit reports come from? Who’s responsible for creating these reports which hold so much control over your business’ ability to thrive and grow? The answer is the business credit bureaus. Who Are the Business Credit Bureaus? The three major business credit bureaus (also Read More