Creditworthiness is a measurement that banks and credit card issuers use to deem you worthy of credit based on financial markers. These markers can vary by company but are usually based on your income, credit score, assets, payment history, credit accounts, and credit utilization. Your creditworthiness is key to securing financial assets, so it’s in…
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How to Build Business Credit in 6 Steps
A business credit score is an indicator of your business’s creditworthiness, which lenders and creditors use to determine your risk as a potential borrower. Scores typically range from 0 to 100 and are measured by the major business credit bureaus: Dun & Bradstreet, Equifax, and Experian. A good score can be the ticket to a…
5 Best Professional Loan Options for Your Business
Business professionals like certified public accountants (CPAs) and consultants bill their clients hourly or by project. While waiting for payment, working capital can be scarce. Professional loans offer financing for short-term expenses and long-term projects. The best professional business loans offer quick funding, long repayment terms, and easy to meet qualifications. Top 5 Professional Business…
Home Care Loans: Costs, Terms & Requirements
A home healthcare loan can help small businesses fund a territory expansion, new business acquisition, or finance immediate working capital needs. Because of the speed of growth in the home healthcare industry, the best home healthcare business funding options are quick and inexpensive. These loans can help you get quick access to growth capital. Best…
Retail Business Loans: Costs, Terms & Requirements
Retailers often get financing to grow their business or to purchase inventory and ramp up for busy times of the year. Retail business loans come in various forms, such as a short-term business loan that can be used to cover expenses in preparation for the busy season, or a Small Business Administration (SBA) loan to…
Business Credit Scores Ultimate Guide
Business credit scores are numerical ratings that use past financial performance to predict future company behavior. Created by Dun & Bradstreet (D&B), Experian, Equifax, and FICO Small Business Scoring System (SBSS), these scores highlight your company’s ability to responsibly manage business debt to lenders, creditors, and potential partners. Although business scores vary across credit reporting…
Amazon Lending & Alternative Funding Options for Your Business
Amazon Lending is an invitation-only short-term business loan that helps Amazon sellers fund inventory purchases, but it’s not available to everyone. For those who do not have access to Amazon Lending, there are other options. We reviewed Amazon Lending and the top alternatives to help fund your business inventory and working capital needs. Amazon Lending…
6 Best Commercial Real Estate Loans
A commercial real estate loan is used by businesses to purchase, renovate, or refinance commercial properties. We’ve put together a list to find the best commercial real estate loans for any need, including retail shopping centers, office buildings, and mixed-use buildings. Top Commercial Real Estate Loan Options How We Evaluated the Best Commercial Real Estate…
Business Credit Report Ultimate Guide
A business credit report is a tool used by lenders, creditors, and potential business partners to determine your company’s financial strength. Each credit bureau gathers important business information to provide in a report, including financial history, trade payments, industry codes, and business credit scores. You’ll typically need to visit Dun & Bradstreet (D&B), Experian, or…
Beauty Salon Loans: Costs, Terms & Requirements
Barbers and stylists who own their salon may need financing for short-term working capital to expand the number of chairs and invest in retail products for added revenue. The best beauty salon loans provide quick access to financing for owners who have been in business for at least one year. Best Beauty Salon Loans at…
Contractor Loans: Costs, Terms & Requirements
Contractors needing to invest in materials and supplies for new jobs can get contractor loans. A good business loan for contractors is a line of credit, which you can use repeatedly and funds in just one to three days. Other loans for contractors include longer-term Small Business Administration (SBA) working capital loans for large, capital…
Auto Repair Shop Loans: Costs, Terms & Requirements
Auto repair shop loans can provide mechanics and shop owners with cash to offer new services, buyout another shop, or expand the current facility to increase revenue. The best auto body shop financing options are short-term loans or business lines of credit because of their minimum qualifications, low fees, and quick funding speed. Best Auto…