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Understanding data has always been an important part of running a business. Most business owners can tell you every important data point concerning their business from what it costs them to acquire a customer to the amount of times that customer comes back to reorder. Banks and lenders are no different than businesses, they also […]

Getting a small business loan can be challenging enough. But, if you’re not prepared, you could find yourself scrambling to collect documents you are not familiar with. This might be fine if you have time to spend but as we know most business owners don’t have tons of free time. When they need things,  they […]

I’m sure most who are reading this article have heard of the “4 Cs” of something at one time or another. I wanted to write this blog entry to directly address the Cs that matter when it comes to getting a business loan. 1. The Role of Credit  The first “C” I will address is […]

What happens if your business isn’t eligible for a credit line from a bank? You might be lucky and obtain a short term loan to finance your interim working capital needs. While they are easier to acquire than their traditional equivalents, you should be aware of the negatives. What is a Short Term Business Loan? […]

A majority of people, whether they are business owners or not, are familiar with Experian as being part of their personal credit report. What many might not know is that Experian is also a major player when it comes to business credit reporting. The personal and business side of Experiean are two different animals, so […]

Ever wonder how business loans and corporate credit work? How do some business owners get better terms, interest rates, and credit card offers than others? Well, there’s a number that you need to know… It’s called your PAYDEX score. Just like a consumer’s creditworthiness hinges on a FICO score, a business’s creditworthiness is determined by […]

Ever wonder what lenders look at when determining whether or not to lend to you? If you’re asking yourself that question, it means you’re smart. Because your Business’s FICO SBSS Score matters…. The FICO LiquidCredit Small Business Scoring Service or FICO SBSS Score is one of the 3 main business credit scores that lenders will […]

WHY WON’T OUR BANKS FUND SMALL BUSINESSES? In August 2010, President Obama traveled to Seattle and met with three local small business owners – who operate a bakery, a hotel and a pizzeria – in a roundtable discussion about strengthening the economy and creating jobs. Acknowledging that small businesses create two out of every three […]

How Does Personal Credit Affect Business Credit And Financing? Can You Still Qualify For Business Financing With Bad Credit? As we speak with hundreds of business owners a week this is one thing that we always get asked on a routine basis… “Can I still qualify for a business loan even though I have some credit […]