Blog posts tagged with "Credit Scores"

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. 

The Guide to Personal and Business Credit Score Information

November 21, 2019
People have learned that when they let their credit scores slip, they’ll pay higher financing costs than those who maintain good credit. What some don’t realize is that businesses have a credit rating, too. It’s crucial for businesses to maintain this rating, or they’ll pay higher financing costs.

Improve Personal Credit Score, Impact Business Credit Score

November 11, 2019
Your personal credit score is an important indicator of your financial health.