Category: Business Credit

Can Hard Money Loans Help Build Your Business Credit?

Can Hard Money Loans Help Build Your Business Credit?

Hard money loans are often used by real estate investors and other business owners to purchase real estate quickly.  Can these loans also help your business establish business credit? Find out here.  How Do Hard Money Loans Work? Hard money loans are loans that involve using real estate or other property to secure the loan. The word “hard” in “hard money” refers to physical assets that serve as collateral for the loan.  The most common types of hard money loans… Read More
Common Mistakes That Hurt Your Business Credit and How to Avoid Them

Common Mistakes That Hurt Your Business Credit and How to Avoid Them

Key takeaways: Strong business credit can make it easier for businesses to qualify for certain types of financing.  Business owners who check their business credit reports may find mistakes on their reports.  Some errors can significantly impact creditworthiness and make it harder to get financing or other benefits.  Understanding what to do if you find mistakes on your credit reports is the first step toward fixing them.  You may know that checking your business credit reports is a smart idea.… Read More
Building Business Credit History With Everyday Expenses

Building Business Credit History With Everyday Expenses

“I don’t want to take on debt for my business.”  That’s a frequent comment I’ve heard from small business owners who are trying to understand how to establish business credit. They are under the impression that the only way to build credit is to borrow money with small business loans or other types of financing. Here’s the answer I gave that business owner: "You don’t have to use debt to build good business credit scores." You can build business credit… Read More
From Barter to Billion $ Deals: A History of Business Credit & What You Need to Know in 2024

From Barter to Billion $ Deals: A History of Business Credit & What You Need to Know in 2024

The history of money is a history of credit. While many people believe money was created to make a cumbersome barter system easier to navigate, Felix Martin debunks that theory in his book, Money: The Unauthorized Biography, writing: ”...currency is not itself money. Money is the system of credit accounts and the clearing that currency represents.”  And the history of credit is deeply intertwined with the history of business credit. Several thousands of years ago, for example, farmers borrowed to… Read More
Business Credit Building and Monitoring: Nav vs Credit Sesame – Which is Best for You

Business Credit Building and Monitoring: Nav vs Credit Sesame – Which is Best for You

Business owners looking to take their credit to the next level have lots of options when it comes to apps and websites to monitor, build and manage consumer or business credit. Two of those options are Credit Sesame and Nav.  How do they compare? Well for starters, Nav is tailored for business owners, while Credit Sesame is for personal credit only. Read on for a more in-depth breakdown of Nav vs Credit Sesame* for business owners.  How Nav Helps Build… Read More
Build Business Credit by Keeping Cash Flow High and Overhead Low

Build Business Credit by Keeping Cash Flow High and Overhead Low

It sounds like entrepreneurial nirvana: a business with high cash flow and low overhead. For some business owners, it's reality. There are more small business owners than you may realize who operate small businesses that make good money with very few fixed expenses. In fact, the large majority of small businesses in the U.S. have no employees (they’re called “nonemployer firms”), and another subset has just 1—4 employees, which may include a business owner and a spouse or other family member. … Read More