Category: Business Credit

Secured vs Unsecured Credit Card: What’s the Difference?

Highlights: Secured credit cards require a security deposit, while unsecured credit cards do not.  Secured cards are generally easier to qualify for than unsecured cards. These and other types of cards may be helpful for those with limited credit histories or bad credit.   Different credit cards are targeted at different audiences. Some are best for travel, for example, while others are great for groceries.  One distinction between types of credit cards is secured vs. unsecured credit cards. Here’s how each… Read More

Buying a Commercial Real Estate Property For Beginners: Step-by-Step Guide

Commercial real estate has the potential to be an excellent investment, often more so than residential properties. Yet even if you’re an experienced real estate investor, it’s crucial to understand that the process of buying a commercial property isn’t the same as buying a house to live in.  In this article, we’ll look at why you should consider buying commercial real estate, financing options available to you, and how to buy it. What Is Commercial Real Estate Property? Any property… Read More

Balloon Mortgage in 2022

The word “balloon” typically calls to mind parties and celebrations. However, a balloon mortgage can be a stressful affair for some borrowers because, while it works in their favor at the start of financing, it can quickly—wait for it—balloon into an astronomical expense. What is a Balloon Mortgage? A balloon mortgage is a type of real estate loan (more often commercial than residential) that offers a lower fixed monthly payment until the end of the loan when a larger lump… Read More

21+ Vendors That Can Help You Build Business Credit

One of the easiest ways for small business owners to start building business credit is to get net-30 vendor accounts with companies that report to commercial credit agencies. Pay on time and you will build credit references that may help boost your business credit scores and, over time, help you qualify for other small business loans and financing. Not sure what net-30 accounts are or how they work? Not to worry. This is your guide to setting up vendor accounts… Read More

How to Get an Investment Property Line of Credit

If you’re hoping to get more money for your real estate business, look no further than the properties you already own to help you get the financing you need. A line of credit on investment property could be a way to get more funds to continue to expand your business.  What Is An Investment Property Line Of Credit? An investment property line of credit is a type of short-term financing that utilizes the equity in a non-owner-occupied property to provide… Read More

138+ Places You Can Get Your Credit Scores for Free

If you have never tried to check your credit scores, you can’t use the excuse that you don’t want to pay to see them. There are more than 130 websites, banks, and credit unions where you can get your credit score for free. Some offer them to the general public, while others show them only to customers. With that many options, there’s no reason not to know where your credit stands. Before You Check Your Credit Scores… Keep in mind… Read More