tillful

MAY 17, 2023

Here’s a closer look at what collection filings and derogatory marks mean for businesses. Plus, learn how long they stay on your record, how to prevent them, and tips on getting your business credit back on track. What does it mean to have a business debt in collections? Credit inquiries : 9 months.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Reporting Agencies Credit Scoring 52

Credibly

OCTOBER 31, 2023

What you can do before your loan goes into default Does defaulting on a business loan affect my personal credit? Almost defaulting on your business loan is an incredibly difficult experience to go through. What happens if you default on a business loan? These occurrences are collectively known as events of default.

Default 40

Default Credit Scoring Credit and Collections Bankruptcy 40

Fundera

AUGUST 26, 2018

Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. Many business owners need to know how to recover from business credit card debt.

Bankruptcy 65

Bankruptcy Chapter 11 Credit and Collections Credit Card Companies 65

Fundera

JUNE 13, 2018

If you don’t have that protection in place by dividing your business finances, you risk opening up your personal finances to seizure when that judgement goes against you. If you’re a serious entrepreneur—or even a casual one—there’s no reason to put your personal assets, credit score, and precious time at risk.

Credit Scoring 94

Credit Scoring Credit and Collections Business Bankruptcy Bankruptcy 94

Due

MAY 28, 2023

Here we’ll discuss how the bank crisis may affect the future of entrepreneurs and what you can do to protect your business. These risks include credit risk, meaning loans may not be paid turning them into non-performing assets, and liquidity risk, which is when withdrawals from the bank are more than the bank’s available funds.

Bankruptcy 53

Bankruptcy Credit and Collections Business Bankruptcy Small Businesses 53

Fundera

MARCH 10, 2019

This makes lending to small businesses much less risky for the lender since they know that the government will pay them back, even if the borrower can’t. You need to have good credit and strong business financials to apply, and in most cases, you have to sign a personal guarantee. Are SBA Loans Personally Guaranteed?

Credit and Collections 74

Credit and Collections Default Business Bankruptcy Small Businesses 74

Fundera

JANUARY 13, 2018

In most cases, a corporation or limited liability company protects individuals from business failings—including a business’s bad credit score or even a business bankruptcy. They essentially offer you zero financial protection if your business isn’t as successful as planned.

Default 79

Default Business Bankruptcy Small Businesses Bankruptcy 79