Resource Category: Credit

If your business is new, you may not be thinking about taking out a loan just yet, but the day may come when you do. Figuring out how to access business financing and credit is a common quest for both new and existing small business owners. From startup costs to new expansion strategies, establishing a strong business credit profile with diverse accounts early on can help make your immediate and future business plans a success.   Eight Steps: How to… Read More

As a business owner, you’re probably used to putting your signature on a lot of documents. This is especially true if you’ve ever signed a commercial lease or taken out a business loan, line of credit, or merchant cash advance for your company. Check if you have a confession of judgment *Get your free business credit reports when you sign up for a free Nav account. Checking won't hurt your credit scores Sign Up By clicking "Sign Up" above, you… Read More

As a small business owner, it’s smart to look for ways to help your company get ahead. However, there’s a difference between trying to get ahead and looking for shortcuts. Shelf corporations often, though not always, fall into the latter category. Shelf companies are formed for the purpose of being sold off, after an excellent business credit rating has been established. There’s just one problem. If you purchase a shelf corporation and use it to access business financing, like credit… Read More

Many small business owners are intimidated at the prospect of trying to build business credit. Some realize it’s important to earn strong business credit scores and reports, but don’t know how to start the process. Thankfully, building good business credit doesn’t have to be difficult. In fact, if you start by opening a few strategic vendor accounts, you might be surprised just how easy it is to send your business credit scores moving in the right direction. Build Business Credit… Read More

Managing cash flow and building a solid business credit profile are two of your most important duties as a small business owner. The Federal Reserve reported in it’s 2015 Small Business Credit Survey that 25% of startups say cash flow is their number one business challenge. Yet, when businesses try to borrow, they often don’t qualify for the money they need. The same Federal Reserve study showed that 28% of business loan applicants didn’t receive all of the money they… Read More

6 Easy Approval Net-30 Accounts Summa Office Supplies Quill Grainger Uline Wise Business Plan Crown Office Supplies If you’re looking to establish business credit with easy net-30 accounts, this comprehensive guide will help you understand how to get started. We recommend you review the entire guide to get the full picture of how to build and maintain strong business credit using trade credit. What are Net 30 accounts? Net-30 accounts are accounts that extend you 30 days to pay the… Read More