Category: Business Credit

Chase Platinum Business Checking 2023 Review

Chase Platinum Business Checking 2023 Review

Chase is one of the largest business banking players in the industry, and – while everyone is aware of their credit and loan products – not everyone knows about their three offerings for business checking accounts.  What can you expect? All of the qualified Chase business checking accounts offer the ability to manage your account from anywhere in the world, but the bank also gives you 5,000 physical branches for that face-to-face contact you might need from time to time.… Read More
Accounts Receivable Financing

Accounts Receivable Financing

What is Accounts Receivable Financing? Accounts receivable financing is a type of financing arrangement wherein a business receives financing funds based on part of its accounts receivable (AR) as either a loan or asset sale. It’s used to help businesses get cash instantly without having to wait as you might with other financing options like usual small business loans.  Whether you’re trying to expand your business or simply make ends meet, cash flow constraints are one of the biggest challenges… Read More
The Best Working Capital Loans: What You Need to Know

The Best Working Capital Loans: What You Need to Know

Working capital is the money a business uses to cover its daily expenses like utilities, supplies, payroll, and rent. A working capital loan offers your business a way to temporarily pay for these expenses when your bank account is running low.  You might think that if your business is successful and you manage its finances correctly, you'll never need a working capital loan. But that’s not necessarily true. Maintaining a balance of cash on hand can be a challenge. While… Read More
I Was a Victim Of Business ID Theft: It Can Happen to You, Too

I Was a Victim Of Business ID Theft: It Can Happen to You, Too

There have been 1.2 million complaints of EIDL loan identity theft as of August 2021, according to a report from the Office of the Inspector General titled Top Management and Performance Challenges Facing the Small Business Administration in Fiscal Year 2022. That means over a million business owners believe their business identity has been used to apply for COVID relief loans administered by the Small Business Administration.  I’m one of those victims. Here’s what happened to me, along with steps… Read More
The 5 C’s of Credit

The 5 C’s of Credit

Small business owners looking for a loan need to understand the way their creditworthiness is evaluated to put their best foot forward—understanding the 5 C’s of Credit can help. As a general rule, there are three questions for which lenders need the answers: Can you repay a loan?Will you repay a loan?What will you do if something unexpected happens? Lenders might not ask them this way, but today I’d like to share with you the 5 metrics many lenders use… Read More