Blog posts tagged with "Credit Scores"

How to Get a Business Loan with Bad Credit

September 26, 2018
As you probably already 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 are considering applying for a small business loan from a lender. Unfortunately, if your credit score is low, it could make if challenging to get approved for financing.

4 Reasons to Delay Applying for a Loan If You Have Poor Credit

August 23, 2018
Having enough financing is a crucial part of running a successful business. However, it can be challenging to get approved for outside funding sources, like loans, if your business isn’t financially stable.  For instance, if you have a bad business credit score, you might not get approved for a loan, or receiving one could make your score decrease even more.

Cash Flow or Sink: How to Know If Your Business is Heading for a Cash Flow Crisis

August 10, 2018
Let’s face it, in business, cash is king. Cash flow is like oxygen for your small business. For any small business owner, it’s crucial to have a system in place to ensure you have plenty of cash on hand for your business to thrive. In a 2017 survey of ForwardLine’s customers, cash flow was one of the biggest stressors for small business owners.

How Bad Business Credit Impacts Your Business

August 03, 2018
Opening a new business is a life changing decision; one that has a huge impact on a business owner for the first five years. A considerable amount of work must be accomplished during this period to establish and promote your business and you’ll need to secure enough financing to be operational.  

4 Ways That Your Personal Finances Can Affect Your Small Business

July 30, 2018
Starting a small business is a great opportunity, and for more many, it’s a dream come true. You can pursue your passions and be your own boss. However, running a small business can be challenging and it can be difficult to separate your personal life from your business. It’s crucial, though, because many personal factors, including your finances, will have a dramatic impact on your business.

What You Should Consider Before Pursuing Debt Refinancing

July 13, 2018
Debt is necessary to get businesses off the ground, but it can also become a bottomless pit if you don’t choose the right financing. Business loans have varying terms and conditions, just like personal loans, and you might not get the best offer if your business is still in the startup stage. Due to this, if you’ve taken out a loan that wasn’t the right fit for your business, it’s important to note that you could pursue debt refinancing to remedy your financial issues.

The Best Credit Cards for Entrepreneurs with Mediocre Credit Scores

May 31, 2018
Whether you’re an entrepreneur or an ordinary consumer, your credit score is likely one of the most important numbers in your life. Your credit score determines your ability to access credit, the interest rates you’ll pay, and the loan terms you’ll be able to qualify for.

How to Get Approved for a Business Credit Card with a Low Credit Score

May 16, 2018
It should come as no surprise that small business credit cards account for $430 billion in spending in the United States. After all, for small business owners, these credit cards are crucial, as they fix cash flow issues and allow them to separate personal and business expenses.

How to Maintain a Good Credit Score

April 17, 2018
Even if you’ve built a strong credit score, it doesn’t mean your work is done. Credit bureaus will never stop monitoring your credit activity in an effort to judge your creditworthiness. That means no matter how responsibly you’ve paid your bills in the past, falling off track can have a serious impact on your credit score.

An Entrepreneur's Guide to Reducing Small Business Debt

April 04, 2018
As a business owner, you’re likely accustomed to spending money on a variety of areas. From payroll to equipment repairs to monthly bills, it can be easy to acquire significant debt. In addition, your debt can be increased if you receive business financing, and need to repay it. No one wants to stay in debt, and reducing it can be challenging. In this post, we’ll detail five ways entrepreneurs can reduce their small business debt and remain operational.