article thumbnail

Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

tillful

Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk. If you have derogatory marks on any of your business credit reports, you can begin working to improve your credit history right away. Attorney at Law at Smith Law Firm.

article thumbnail

Rural Small Businesses Earn Better Profits and More Financing vs. City Ones

Fundera

In the SBCS survey, nearly a quarter of urban businesses were in professional services—this includes businesses like law firms, doctor’s offices, and accountant’s offices. Rural businesses had better credit profiles on average than urban businesses. Industry also impacts a business’s operating expenses and overhead.

article thumbnail

State of Small Business Lending: Industry Spotlight (Q1 2019)

Fundera

Business owners’ personal credit scores for the quarter averaged 663. The average Equifax business credit score was 429. For each industry, we looked at average funding amount, annual revenue, profit, credit scores, and number of employees. Credit scores matter—both personal and business.