Starting and running a business is an exciting process. You get to be your own boss, follow your passions, and add purpose to your career. However, this enthusiasm for your own company can quickly become frustrating as you start trying to fund your business. As a new business owner or a business with bad credit, […]
A good credit score plays a huge role when looking for business financing. If you are currently struggling with getting business financing, check your credit score. A poor credit score can limit you from gaining access to reasonable loan interest rates and limit the number of loans you qualify for. If you want to increase […]
Your business might turn in a profit on paper, but if cash flow is limited, covering operational expenses can be a challenge. For businesses with bad credit or a limited credit history, using credit to cover expenses isn’t always the best solution. Invoice factoring is a better alternative while you build your business credit or […]
Financing a business isn’t always straightforward. There are periods you have to take loans to sustain your business. The business ecosystem is very volatile, meaning your company can sometimes default on loans. And that’s when your business finances can get mingled up with personal credit. But do business loans affect personal credit? The answer to […]
Successful business owners know how important their business credit score is. Building and maintaining a solid credit score is crucial for businesses as it can impact their ability to access capital as well as their credibility with vendors and customers. However, as less established businesses work to build their credit score, their access to traditional […]
