Category: Business Credit

How Do Student Loans Affect My Business Credit Score? Exploring the Link Between Personal Debt and Business Creditworthiness

How Do Student Loans Affect My Business Credit Score? Exploring the Link Between Personal Debt and Business Creditworthiness

Many borrowers with student loan debt are facing the tough reality that the student loan cancellation they had hoped for is not likely to happen anytime soon. The Supreme Court recently ruled against President Biden’s student loan forgiveness plan which would have forgiven up to $20,000 in student loan debt for borrowers.  In addition to concerns about budgeting for student loan debt student loan payments after the payment pause ends October 1, 2023, those who are small business owners (or… Read More
The Fastest Tradelines for Businesses

The Fastest Tradelines for Businesses

Let’s face it. When it comes to our small businesses, we want to get results, fast. It’s no different if you’re building credit for your business: you want to find the easiest and most efficient way possible. Good business credit can help unlock more business opportunities and financing options, better interest rates, higher credit limits, and more.  Fortunately there is a way to shortcut the business credit building process, and that’s to get tradelines that help you build business credit… Read More
Repairing a Delinquency On Your Business Credit Report

Repairing a Delinquency On Your Business Credit Report

Good business credit can open doors, making it easier for your business to qualify for small business loans and other types of financing. But it can also close doors by making it more difficult to get financing, supplier credit and even certain business opportunities.  If you check your business credit reports and find delinquencies (late payments) or other negative information, what should you do? Learn your options here.  What Is a Good Business Credit Score? There’s no single number that… Read More
UCC Filing Resources for Every US State

UCC Filing Resources for Every US State

The Uniform Commercial Code ("UCC") establishes a standard for recording liens that protect the financial interests of creditors. A UCC filing or UCC lien is a legal notice that creditors file in state courts to publicly protect their interest in property. These UCC filings can also affect your business credit, or your ability to get financing for your business. That's why understanding the UCC filing rules in your state can be helpful. When you pledge security for a loan, the… Read More
What Business Cards Report to Credit Bureaus?

What Business Cards Report to Credit Bureaus?

For business owners who plan to get small business loans, the best business credit cards are ones that report to the major business credit bureaus — this can help build business credit. However, not all small business credit cards report to these bureaus. In this article, we’ll explore why your business credit report matters, how it can affect your personal credit, and the business cards that report to one or more business credit bureaus. Do Business Credit Cards Report to… Read More
Build Credit With Business Charge Cards

Build Credit With Business Charge Cards

Charge cards can be an excellent way to build business credit, and offer a number of other key benefits for your small business. Here’s how to leverage business charge cards to build strong business credit scores.  Why Business Credit Is Important, Even if You Think You Don’t Need It Just like a good personal credit history makes it easier to get credit cards, a mortgage or even something as simple as a new cell phone, business credit opens up opportunities… Read More