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business credit score

9 posts
business credit card
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7 Reasons Every Startup Needs a Business Credit Card

A business credit card is one of the most important financial tools in any startup's toolbox. It’s way more than just a personal credit card that you use for business dealings—it’s a unique, flexible form of financing that also delivers rewards and perks specific to what’s important to you and your business. If you’re starting...
business credit
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4 Things You Need to Know About Establishing Business Credit

Establishing a strong business credit profile is an important factor in how a business’ creditworthiness is evaluated when applying for a small business loan. Granted, different lenders have different thresholds for creditworthiness, but the business owner with a good credit profile will have more options available than a business owner with a weak profile. StartupNation...
business credit
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4 Ways to Work on Strengthening Your Business Credit in 2020

You have big goals for your startup in 2020. Growth, higher profits and a better online presence might be at the top of your list. However, if building your business credit isn’t part of your plan, you may be overlooking an important milestone. Your business’ credit can play a significant role in the long-term success...
credit scores
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Which Business Credit Scores Matter the Most?

Not all credit scores are created equally. You likely already know that you have a personal credit score; it’s what you need to buy a car, get a mortgage, credit card, or even pass a background check. You probably also already know that there are three bureaus (Experian, Equifax, TransUnion) that report your credit scores....
financing offer
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4 Crucial Steps to Take When Evaluating a Financing Offer

Does financing your business seem overwhelming? Understandable, since there is a plethora of products to choose from. And business lending practices are not as transparent as what you may be accustomed to with your personal finances. But positive change is happening in small business lending. The Responsible Business Lending Coalition (RBLC) is a network of...
bad credit
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Can You Get a Business Loan with Bad Credit?

Let’s say you’ve identified an opportunity for your business. It might be a bulk deal on inventory, a necessary equipment upgrade, or a great space for a second location. There’s just one problem: You don’t have the cash available to take advantage, and you have bad credit. But is all hope lost? The short answer...
franchise
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6 Ways to Finance Your Franchise

If you’ve decided to join the millions of business owners who own a franchise, you’re going to need money--and sometimes a lot of it. Franchise startup costs can run from thousands to more than a million dollars for some of the most popular restaurant franchises. While many of the top franchises require a franchisee to...
business credit card
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5 Reasons to Use a Business Credit Card

It’s a common mistake for business owners. When it comes to paying for business expenses, you still pull out your personal credit card. Don't sell your business short. A business credit card is a different animal designed specifically to meet startup's needs. It’s worth noting, you don’t need to run a multi-million dollar business to...
loan
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How to Get a Loan for Your Small Business in 9 Steps

Applying for a small business loan can seem overwhelming. It’s hard to know where to begin, and the finish line can seem so far away. By following these nine simple steps, your dream of obtaining a small business loan is attainable. Plan, plan, plan! The first step in any new business is to work out a thorough...