Fundera

NOVEMBER 20, 2018

Business Credit Cards. population, and they collectively own about 300,000 businesses. They work with borrowers who have lower credit scores or that are considered too “high risk” by mainstream lenders. To qualify for an SBA loan, you should meet the following requirements: Strong personal credit score, ideally over 650.

Credit Scoring 61

Credit Scoring Credit and Collections Nonprofit Organizations Small Businesses 61

Fundera

APRIL 8, 2019

Photo credit: IRS.gov. Prior to April 16, 2018, an unpaid tax lien would appear on your personal credit report for up to 10 years. Fortunately, tax liens no longer appear on personal credit reports. A business tax lien can show up on your business credit report and affect your business credit score.

Deductions 73

Deductions Credit and Collections Credit Scoring Small Businesses 73

Fundera

FEBRUARY 28, 2018

In 2017, companies raised more than $5 billion in ICO funding , while 2018 ICO rounds have already raised nearly $3 billion since January. If you haven’t already explored these, here’s a top-level look at some small business loans and other types of credit that could help your business get the cash it needs, no ICO necessary: 1.

Credit and Collections 45

Credit and Collections Credit Scoring Small Businesses 45

Fundera

OCTOBER 9, 2019

Get a business checking account, credit card. As of 2018, there were more than 15,000 CrossFit gyms all over the world in a total of 162 countries. Once trainers are certified, they’re able to open their own personal CrossFit gym while the company collects an annual $3,000 for licensing purposes. Write a business plan.

Credit and Collections 71

Credit and Collections Credit Scoring Small Businesses 71

Fundera

SEPTEMBER 24, 2018

A record high, in fact: CB Insights reported that in Q2 2018, investors poured $23 billion into startups. billion in funding in the first two months of 2018 alone. As any kind of startup, it’s difficult to go to a lender and apply for traditional small business financing like a term loan or business line of credit.

Credit and Collections 40

Credit and Collections Credit Scoring Small Businesses 40

Fundera

SEPTEMBER 28, 2019

Get a business bank account and credit card. Other than name-dropping, we can give you some statistical evidence of New York’s thriving entrepreneurial ecosystem: According to the SBA 2018 Small Business Profile , small businesses made up 99.8% Get a Business Bank Account and Business Credit Card. Secure startup funding.

Credit and Collections 40

Credit and Collections Small Businesses Credit Card Companies Credit Scoring 40

Fundera

AUGUST 15, 2018

How to Establish Business Credit. Get a business credit card or business line of credit. Borrow from lenders who report to business credit bureaus. You know where your personal credit score stands month-to-month and how personal credit impacts your ability to qualify for financial products.

Credit Reporting Agencies 76

Credit Reporting Agencies Credit Scoring Credit and Collections Small Businesses 76

Fundera

JULY 31, 2018

They’re often structured in similar ways, for one thing—usually, they’re either a renewable line of credit (think credit cards), or a lump sum that you repay with fees and interest. And you can obtain either a business loan or a personal loan from a variety of sources, including banks, online lenders, and credit unions. .

Credit Scoring 78

Credit Scoring Credit Unions Credit and Collections Small Businesses 78

Fundera

FEBRUARY 3, 2018

Fundbox doesn’t directly collect funds from your customers, so you maintain total control of your customer experience. FICO Credit Score: Fundbox doesn’t check your credit score. No credit check, just going on the health of the business from an analysis of my bank account. TrustPilot Score: 9.3/10.

Credit Scoring 49

Credit Scoring Credit and Collections Small Businesses Bankruptcy 49