Blog posts tagged with "Credit Scores"

How to Get a Small Business Loan with Bad Credit

March 18, 2021
As you probably know, maintaining an above average credit score is immensely important while running a small business. This can be especially pivotal when you’re in need of additional working capital and want to receive a small business loan from a traditional lender. Unfortunately, if your credit score is low, it can make it very challenging to get approved for financing.

How to Get a Business Grant with Bad Credit

March 12, 2021
If you have bad credit, getting approved for a term loan—or even a credit card—can be immensely frustrating. That’s partially why small business grants are a popular alternative to debt financing.

Are Business Loan Approvals Based on Personal Credit?

February 25, 2021
If you’re a small business owner, your personal credit will affect your ability to get approved for a business loan.

Personal Guarantees: Everything You Need to Know

February 22, 2021
As you know, the past year has created profound challenges for business owners across the globe. Now more than ever, many of those businesses require small business loans.

How to Dispute A Credit Report Mistake

January 26, 2021
A credit report is a crucial document used by financial institutions to determine how trustworthy potential borrowers are. A good report will help you receive appealing credit card and loan options, while a negative report means you might not be offered anything at all. That’s why it’s important to check your credit report periodically and ensure nothing out of the ordinary pops up.

4 Free Business Credit Reports

January 12, 2021
For small business owners, a strong business credit score is as important as a strong personal credit score. Lenders providing anything from a traditional loan to an equipment lease will take your small business’s credit score into account.

Delinquent Loans: Everything You Should Know

January 06, 2021
Hopefully, you’ll never have to deal with a delinquent loan as a small business owner. That said, delinquency is an important concept to understand if you’re borrowing money, or plan to borrow money to finance your business in the future.

Our Guide to Equifax Business Credit

December 11, 2020
As a small business owner, you have a personal credit score and a business credit score. Your business credit score shows how likely your business is to repay debt. Equifax is one credit bureau that measures your business credit score.

The Benefits of Having a Good Business Credit Score

September 30, 2020
As a small business owner, it’s vital to establish a good credit score. This is especially crucial when starting a business, as you likely won’t have enough cash on-hand to afford all your business expenses. This includes startup costs like equipment, advertising, inventory, and payroll.

Business Credit Score Versus Business Credit Reporting

November 28, 2019
Both your business credit score and business credit report play a critical role in determining your company’s ability to obtain business financing.