Archives: Resources

Do Business Credit Cards Affect Personal Credit?

November 23, 2015 Gerri Detweiler

Small business credit cards often offer many benefits, including valuable perks as well as access to a line of credit. If you’re shopping for a business credit card, you’ll probably focus on the benefits and rewards you can earn, as well as the annual fee and interest rate you’ll pay. How a small business credit card may affect your personal credit scores may not be top of mind, but it’s worth considering. Here we’ll detail the major issuer’s policies about… Read More

Why And How to Separate Your Business Finances

November 17, 2015 Gerri Detweiler

You’ve been warned about mixing business and pleasure, but what about personal finances and business finances? At times, it may seem tempting to use your personal finances, whether that’s a personal credit card or personal bank account, to help out when your business needs a boost, but that can create problems for your business. Drawing a clear line between personal and business finances helps small business owners treat their business a legit business, while safeguarding their personal finances. Learn why… Read More

What Is a Thin Credit File?

October 12, 2015 Tiffany Verbeck

You pay your bills on time, you don’t have any credit card debt, and overall, you consider yourself fairly responsible when it comes to spending. You’re ready to apply for business credit cards or small business loans to help you get your future business off the ground and, all of a sudden, you hit a roadblock. Your request is denied and, when you look into it, you find that you have a "thin credit file," or too-little credit history to… Read More

Bad Credit: What Is a Bad Credit Score?

October 12, 2015 Babs Nelsen

At a high level, most people understand the importance of a good personal credit score and how it influences their ability to borrow. The same is true for small business owners. Many new business owners are unaware that they have a business credit profile which is basically a selection of credit scores that represent how you business meets its financial obligations. For most U.S. small business owners, your personal credit score and business credit profile will both be part of… Read More

The Truth about Business Credit Repair

October 7, 2015 Babs Nelsen

Today, businesses and consumers around the world fall victim to the limitations of a poor credit score. From cars and houses to new jobs and business opportunities, a poor credit score can stop you dead in your tracks. This harsh reality often makes promises of “guaranteed” credit repair or “clean” credit reports appear as beacons of hope. And as we’ll discuss later, even business credit repair is getting in the act. Because it’s so vital to financial freedom, credit repair,… Read More

What Is Cash Flow?