What makes up your business credit score? What gives you the best chances of getting a loan? Here are a few factors that play into your business credit picture, and what you can do to make the most of them: Payment History – Your payment history is an important part of your business credit profile, and is what your D&B Paydex score is based on. Many credit opportunities come with a minimum Paydex requirement. What […]
Research from the Federal Reserve Bank of New York shows that more than half of small business owners who apply for a loan, fail to secure them. One of the primary reasons cited is that the businesses that apply for these loans have poor business and personal credit scores. As a business owner, you should know that keeping your business credit and personal credit and all financial information separate and well organized is essential for […]
In the simplest terms, credit insurance will cover the cost of your loan or credit card payments in the event that you are unable to pay the loan. It is insurance purchased by the borrower to cover their debts in case of any sudden eventualities such as death, or unemployment. In most cases, credit insurance will not be marketed as a stand-alone type of insurance, but as one of the features of a credit card […]
People always get confused between business credit and personal credit. But the two have a common similarity in that when they are strong they could help you fetch better deals in the market, like help you qualify for lower insurance premiums or interest rates. If your business is new, however, you may not need a business loan right away, but at some point, you may do. A common worry for most business people is figuring […]
