Fundera

DECEMBER 16, 2017

These advocates point to better rewards opportunities, higher credit limits, and tempting 0% APR introductory offers as reasons to make the most of being a business owner by choosing a business rather than consumer credit card for personal use. Overlapping personal and business expenses impacts your credit.

Credit Card Companies 78

Credit Card Companies Credit Reporting Agencies Transactions Deductions 78

Fundera

JULY 5, 2018

Both secured credit and debit cards typically have spending limits, either equal to the line of credit or account balance respectively, effectively preventing users from spending money they don’t have. But a secured credit card is paid off monthly, not deducted from your account balance or deposit every time you spend.

Credit Scoring 55

Credit Scoring Credit Card Companies Credit Card Payments Default 55

Fundera

OCTOBER 8, 2018

Once approved, your payment processor will deduct their fees and then deposit the remaining funds into your merchant account. The four major credit card companies—Visa, Mastercard, Discover, and American Express—charge a fee for using their products. Interchange Rate. This fee is known as the interchange rate.

Credit Card Payments 57

Credit Card Payments Transactions Credit Card Companies Small Businesses 57

Fundera

SEPTEMBER 25, 2018

Commerce Bank currently offers two credit card products for small businesses—the Business Rewards Card and Business Platinum Card. Both Commerce Bank business credit cards are issued by Visa, so you have the benefit of ease-of-use and fraud protection of one of the largest credit card companies.

Credit Scoring 40

Credit Scoring Credit Card Companies Deductions Small Businesses 40

Fundera

DECEMBER 12, 2018

If you’ve practiced solid borrowing behaviors with your first credit card and your credit score is looking good because of it, you might be able to ask your card issuer for a credit limit increase. (If You’ve got a good track record with your credit card company.

Credit Scoring 75

Credit Scoring Credit Card Companies Deductions Small Businesses 75

Fundera

DECEMBER 12, 2018

In the traditional lending sphere, banks and credit card companies are required to disclose the APR for any loan or line of credit—but alternative lenders aren’t required to play by those rules. Rather, the lender’s fee is deducted from the amount issued to the borrower.

Credit and Collections 59

Credit and Collections Credit Card Companies Deductions 59

Fundera

NOVEMBER 4, 2015

Before you dive any further into the small business lending process, check your credit score. Some credit card companies will show you your credit score right on your monthly statement, or when you sign onto your online account. Yes, right now! Otherwise, you can find it on sites like this.

Small Businesses 97

Small Businesses Credit Scoring Credit and Collections Default 97

Lendio

DECEMBER 8, 2023

This includes determining taxable income, identifying tax deductions, and ensuring timely tax payments to avoid penalties. The process involves comparing your internal financial records against the monthly statements issued by your banks and credit card companies to check for discrepancies.

Brokerages 52

Brokerages Deductions Transactions Credit and Collections 52

Fundera

FEBRUARY 28, 2017

If you’ve practiced solid borrowing behaviors with your first credit card and your credit score is looking good because of it, you might be able to ask your card issuer for a credit limit increase. (If You’ve got a good track record with your credit card company.

Credit Scoring 75

Credit Scoring Credit Card Payments Credit Card Companies Deductions 75

Fundera

AUGUST 8, 2018

It’s a common mistake that leads to hours poring over receipts and huge missed opportunities for business tax deductions. Even if you plan to pay off your card balance every month, obtaining a separate business credit card for expenses related to your business will simplify your finances and help you avoid this frustrating scenario.

Credit Card Companies 52

Credit Card Companies Credit Scoring Deductions Small Businesses 52

Lendio

MARCH 15, 2023

Transaction Fees Credit card transaction fees: 1.7%–3.5% For every credit card transaction that you process, you will be charged a credit card transaction fee by the credit card company and a payment processing fee by your payment processor.

Cybersecurity 52

Cybersecurity Transactions Credit Card Companies Deductions 52

Due

MAY 5, 2023

By going paperless with your bills , you can reduce clutter around the house — and even save some trees All the companies that you do business with make it easy for you to opt for electronic billing. This includes banks, credit card companies, cable TV providers, cellphone companies, and insurance companies.

Insurance Companies 119

Insurance Companies Credit Scoring Medical Billing Brokerages 119

Fundera

JANUARY 27, 2019

Click the button at the top left of the home dashboard which says “Add Your First Card.” A box will pop up prompting you to input your credit card number, expiration date, and billing address. You can add as many credit cards as you want, or just add one. More credit card rewards aren’t the only benefit.

Small Businesses 40

Small Businesses Credit Card Payments Dashboards Credit Card Companies 40

CreditStrong for Business

MARCH 10, 2023

If a credit card account has been delinquent for 180 days, a credit card company will formally close or “charge off” the account. A charge off is typically reported by the creditor like late payments are — resulting in an additional credit report entry that remains for seven years.

Credit Scoring 52

Credit Scoring Credit Card Payments Bankruptcy Chapter 7 52

Fundera

OCTOBER 20, 2019

Also called total revenue, your gross revenue is the sum of all funds you’ve received from customers in exchange for your product or service, before taking any deductions or expenses (such as rent, cost of goods sold , taxes, etc.). Gross Revenue. Net Profit. Cash Flow.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

Due

JUNE 7, 2023

What’s more, companies that issue credit cards track your history and share it with other lenders and credit card companies. When you are trying to secure a loan at a favorable rate to buy a house or car, you will need a good credit rating. Download an investing app.

Credit Card Companies 59

Credit Card Companies Deductions 59

Fundera

NOVEMBER 17, 2018

Also called total revenue, your gross revenue is the sum of all monies you’ve received from customers in exchange for your product or service, before taking any deductions or expenses (such as rent, cost of goods sold , taxes, etc.). Gross Revenue. Net Profit. Cash Flow.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

Fundera

NOVEMBER 17, 2018

Also called total revenue, your gross revenue is the sum of all monies you’ve received from customers in exchange for your product or service, before taking any deductions or expenses (such as rent, cost of goods sold , taxes, etc.). Gross Revenue. Net Profit. Cash Flow.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

Fundera

JULY 7, 2018

And for a few more sales, you’re still waiting for payments to process through the credit card company—so that money hasn’t actually hit your business bank account. Yes, even the tax-deductible ones!) But a few of your bigger clients are other businesses for whom you had to send invoices for some of that $50,000.

Credit and Collections 89

Credit and Collections Collector Credit Card Companies Transactions 89

Fundera

JANUARY 7, 2019

And for a few more sales, you’re still waiting for payments to process through the credit card company—so that money hasn’t actually hit your business bank account. Yes, even the tax-deductible ones!) But a few of your bigger clients are other businesses for whom you had to send invoices for some of that $50,000.

Credit and Collections 75

Credit and Collections Collector Credit Card Companies Transactions 75

Fundera

APRIL 21, 2016

For yet a few more sales, you’re still waiting for payments to process through the credit card company—so that money hasn’t actually hit your bank account. Yes, even the tax deductible ones!) A few of your bigger clients are other businesses, for whom you had to send invoices for some of that $50,000.

Credit and Collections 75

Credit and Collections Collector Credit Card Companies Transactions 75