Fundera

JUNE 14, 2016

To grow or expand your business, you need to have a source of extra cash… And for many businesses that means filling out a business credit application. The better you can describe your business and your need for a loan, the stronger your business credit application will be. Tell a story.

Credit Application 73

Credit Application Credit Scoring Credit and Collections Small Businesses 73

Your Virtual Credit Manager

MARCH 28, 2023

Volumes have been written about the criteria you should use to make a credit decision. The rigor with which this information is often presented belies the fact most business credit decisions are not that difficult. There is a challenge, however, with the 20 to 30 percent of credit decisions that fall in between.

Credit Scoring 130

Credit Scoring Credit Application Bad Debt Credit Risk 130

tillful

FEBRUARY 28, 2023

Have you heard about the FICO Small Business Scoring Service (SBSS)? Like most business credit scores, the SBSS helps lenders and service providers understand the level of credit risk that businesses present. Here’s a closer look at FICO SBSS scores, why they matter, and how you can improve yours.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Bankruptcy 98

Your Virtual Credit Manager

JANUARY 9, 2024

Using credit scores, how is risk distributed among each segment? Are the assigned credit limits appropriate for each segment? Once you have segmented for revenue, you can then look at secondary factors. For example: Do any of the segments account for a disproportionate amount of AR balances that are over 60 or 90 days past due?

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Emagia

FEBRUARY 2, 2024

To meet the customer expectations and continue to be in business, businesses need to consider technology adoption in OTC processes including credit operations, to automate the following steps to make credit control autonomous. Online credit application makes the application process simple and quicker for the customer.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Due

JANUARY 3, 2023

Often referred to as credit reporting agencies, these companies work independently. Credit Reports vs. Credit Scores. Your credit scores are also influenced by your credit reports. The reason for this is that credit scores are calculated using information from your credit report.

Credit Scoring 119

Credit Scoring Credit and Collections Bankruptcy Credit Reporting Agencies 119

tillful

MARCH 15, 2023

When you apply for a business loan , the lender is going to consider a variety of factors including your credit score, annual revenue, time in business, and industry risk. The less risk that your industry presents, the more likely you’ll be able to repay your loan — hence, the better the odds that you’ll get approved.

Credit and Collections 52

Credit and Collections Credit Scoring Credit Reporting Agencies Credit Card Payments 52