tillful

MAY 31, 2023

Amidst fintech lenders closing up their small business operations plus recession rumors, there’s been a bit of concern about credit crunches, and if we’re in one. A real-life example of a credit crunch What do credit crunches mean for small businesses? What does a credit crunch mean for small businesses?

Small Businesses 52

Small Businesses Credit Scoring Default Credit Unions 52

tillful

MARCH 8, 2023

According to Experian’s The State of Alternative Credit Data whitepaper, traditional credit data includes everything found on business and consumer credit reports as well as the information that’s commonly requested on lending applications, including: Tradeline information Credit inquiries Public records (e.g.

Credit Scoring 59

Credit Scoring Credit Reporting Agencies Bankruptcy Credit Risk 59

Fundera

SEPTEMBER 7, 2016

Big banks and small business lending—how do they fit together? With increasingly tight lending standards, the biggest banks don’t give out nearly enough business loans to small business owners who need financing. billion to small businesses. billion to small businesses. Definitely not.

Small Businesses 59

Small Businesses Credit Scoring Bankruptcy Credit Reporting Agencies 59

Fundera

AUGUST 18, 2016

It’s grown from its start as one of the first Facebook applications in 2006 to become the largest marketplace lending platform in the world, helping borrowers with over $20 billion in loans. Small business owners who are looking for alternative forms of financing should probably start here.

Small Businesses 75

Small Businesses Bankruptcy 75

Due

MARCH 28, 2023

These are only two unforeseen events that sparked a surge of bankruptcies. In turn, millions of businesses had to shut down, either temporarily or permanently. million small businesses closing that year. In the aftermath of the Great Recession, 25 percent of bankruptcy filings came from Americans aged 55 and above.

Bankruptcy 75

Bankruptcy Brokerages Deductions Transactions 75

Due

MARCH 4, 2023

These are only two unforeseen events that sparked a surge of bankruptcies. In turn, millions of businesses had to shut down, either temporarily or permanently. million small businesses closing that year. In the aftermath of the Great Recession, 25 percent of bankruptcy filings came from Americans aged 55 and above.

Bankruptcy 72

Bankruptcy Brokerages Deductions Transactions 72

Fundera

SEPTEMBER 1, 2017

And it’s an especially important figure for small business owners on the prowl for business financing. We’ll get more into why exactly that matters, but first let’s take a peek at a few different kinds of credit scores that matter to small business owners. Payment history (including bankruptcies and judgments).

Credit Scoring 92

Credit Scoring Bankruptcy Credit and Collections Default 92