All What is Articles

Do Balance Transfers Affect Your Credit Score?

By Benilyn Formoso - Suralta on April 3, 2020 | Credit Cards, Financing, What is | Comments (0)

While balance transfers between existing credit cards typically won’t affect your credit, opening a new account can hurt your credit score. When you open a new account, the average age of your credit history will decrease and your issuer will run a hard credit check, making your credit score fall in the short term. However,…

Is It Illegal to Use a Business Credit Card for Personal Use?

By Benilyn Formoso - Suralta on April 2, 2020 | Business Credit Cards, Credit Cards, What is | Comments (0)

While it’s not illegal to use a business credit card to cover personal expenses, this can cause confusion when it comes to tracking your business-related expenses. Business credit cards are best used to help separate your business and personal finances and earn rewards for your company’s purchases. However, there are some advantages to using business…

Sales Roles: The 4 Most Important Types of Salespeople

By Jessica Pingrey on April 2, 2020 | Sales, What is | Comments (0)

Different types of businesses require different types of sales roles to meet their revenue goals. This is because each type of salesperson handles different aspects of the customer journey and relationships, and requires varying skills, experiences, personalities, and preferences in order to be successful in a sales environment. In addition, each of these roles has…

Commercial Real Estate Loan Rates 2020

By Tricia Tetreault on April 1, 2020 | Business Loans, Financing, What is | Comments (4)

Commercial real estate loan rates remain at near all time lows, making now a great time for small business owners to purchase or refinance commercial property. A variety of different lenders make commercial real estate loans. This article covers how commercial real estate loan rates work and the interest rates that different types of lenders…

What Does Workers’ Compensation Insurance Cover?

By Virginia Hamill on April 1, 2020 | Business Insurance, Insurance, What is | Comments (0)

Most business owners know that workers’ compensation covers employees when they’re injured on the job. However, they may not know that most policies also pay their legal fees if an employee decides to sue for their injuries. Understanding workers’ compensation coverage can come in handy should you ever have to file a claim. Key Highlights:…

What Is a Farm-to-Table Restaurant?

By Mary King on April 1, 2020 | Restaurants, Retail, What is | Comments (0)

Farm-to-table is a food philosophy and social movement that encourages sourcing food directly from local farms and then serving those ingredients in their freshest state. Farm-to-table restaurants purchase supplies from farms within a certain radius around their location, which, depending on the density of nearby farms, may range from 50 to 200 miles. Farm-to-table is…

SBA Loan Rates 2020 – Current Interest Rates and How They Work

By Tricia Tetreault on April 1, 2020 | Business Loans, Financing, What is | Comments (100)

The affordability of Small Business Administration (SBA) loan rates attracts many small businesses that may not otherwise be able to obtain affordable financing. Whether you are considering an SBA 7(a) loan, Express loan, microloan, or Community Development Company (CDC)/504 loan, the SBA loan rates you receive will likely be more affordable than most other financing…

How Many Credit Cards Should I Have?

By Benilyn Formoso - Suralta on April 1, 2020 | Credit Cards, Financing, What is | Comments (0)

While there isn’t a set number of credit cards you should have, you’ll need at least one to build credit. Based on data from the credit bureau Experian, each American with a card owns an average of 3.1 credit cards. How you use each card is typically more important than how many accounts you have…

What Invoice Assignment Is & How it Works

By Dennis Shirshikov on March 31, 2020 | Financing, What is | Comments (0)

Invoice assignment is the process by which a small business transfers responsibility for an invoice to an invoice factoring provider in exchange for access to quick capital. The lender is then responsible for collecting, distributing, and settling the invoice for the small business and its customers. How an Invoice Assignment Agreement Works An invoice factoring…

What Is a CRM & Why It’s Critical for Business

By Lisa McGreevy on March 30, 2020 | Sales, Sales Tools, What is | Comments (40)

Customer relationship management (CRM) software is a database used to track customer activities, leads, and sales opportunities. Since all sales information is logged in your CRM, it provides business insights for your entire sales, marketing, customer service, and finance teams, and allows you to tailor interactions and enhance the relationship with your customers. How a…

What Is a Bad Credit Score?

By Yvette Glover on March 27, 2020 | Credit Scores and Reports, Personal Finance, What is | Comments (0)

People with bad credit have a FICO credit score below 580, or a VantageScore of 600 or lower. Unpaid debt and too many missed or late payments will result in low credit scores and bad credit. Bad credit could prevent you from getting a personal or home loan or from renting a property. What Is…

What Is a Credit Card Billing Cycle?

By Benilyn Formoso - Suralta on March 27, 2020 | Credit Cards, Personal Credit Cards, What is | Comments (0)

A credit card billing cycle, which is often set on a monthly basis, is the time between billing periods. Throughout this cycle, credit card transactions post to your account and change the balance you owe. At the end of your billing cycle, your credit card issuer will charge you for any unpaid transaction made in…