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What Is a Good Credit Score, and Why Should You Care?

Fundera

Even before you began your search for small business loans , you’ve more than likely heard of a credit score. You’ve also more than likely heard of a good credit score, too. Here’s the gist of it: Your credit score is a numerical indication of how responsibly you’ve handled your financial obligations.

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What Is a Good Credit Score? (And How to Get One ASAP)

Fundera

Credit scores have become a huge part of our lives. There’s no question a good credit score is crucial for so many varying parts of our lives, but the questions stands—what is a good credit score? What is the score you need to get the best credit card, mortgage, business loan , auto loan, etc.,

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When Does Short-term Debt Make Sense?

Fundera

The short-term business loan model has seen extraordinary growth in recent years—non-bank short-term lenders doubled the amount of money they loaned between 2012 and 2013, from $1.5 Also, you should keep in mind these top 5 predictive indicators of business loan defaults : Your cash-to-assets ratio is low. billion to $3 billion.

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Spotlight on Amazon Lending: Is It Right For You?

Fundera

And in 2012, Amazon added yet another service to their list: small business loans through the Amazon Lending program. And while alternative lenders have largely opened up credit access for small business owners, applying for a business loan can take a lot of time and effort. But not just any Amazon seller.

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Digital Transformation in Home Financing: Leveraging Online Tools for Mortgage Success

Due

It’s important to note that 2012 registered even lower mortgage rates during one November week, averaging 3.31%. However, the rest of 2012 was higher, leading to an annual average of 3.65% for thirty-year mortgages. The benchmark requirement for most lenders is a credit score 620 to qualify for a conventional type of mortgage.

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Alternative Lending 101

Fundera

Alternative lending is a fast-growing industry: approximately $3 billion in 2013 was lent through alternative channels, which was double that of 2012. If you default on your “loan” with a pawnbroker, your credit score won’t report it—but technically, this is a form of alternative lending. More Frequent Repayments.