Sentences with phrase «bradstreet business credit profile»

After establishing your profile there, add credit references, such as suppliers you've worked with, to improve your business credit profile.

Try to avoid using your personal credit history or personal guarantees and work on building a good business credit profile now, before you really need it.

For example, it can put more weight on your business credit profile or more on your personal.

Doing the right things to build your business credit profile is one of the most important items you can take as small business owner.

At the time, King had no business credit profile or history, which can be as bad as having bad business credit.

So, a new business with only a year or two under their belt with a weak business credit profile or a business owner with a low personal credit score, will likely not qualify.

Trade credit, or payment terms, with your vendors and suppliers can be a good approach to build a strong business credit profile — provided they report your good credit behavior to the appropriate credit bureaus.

By helping the business make regular and timely payments, it can help a business build or improve, their business credit profile.

In addition to your personal credit score and business credit profile, we look at your cash flow, your annual revenues, and other information to evaluate whether or not we'll offer your business a loan.

Your business credit profile will also factor into the decision - making process, so it's important to understand what is reported within your personal and business credit profiles.

Your personal credit score, business credit profile, cash flow, time in business, annual revenue, and several other factors are all considered by lenders to determine the funds and terms you will qualify for.

The lion's share of those who took the quiz (77 percent) didn't really know how their business credit profile is created.

While this may be a significant upfront cost, it can vastly improve your business credit profile giving you the opportunity to get better financing options.

For those with well established business credit profiles, your payment may be higher than you could secure through a traditional installment loan.

Taking the right action today can help you build or improve your business credit profile.

You should be aware that a strong business credit profile is not a guarantee you'll find success with a small business loan — but it likely will make it possible to have more options.

The same is true for your business credit profile.

Yes, we report your payments on a regular basis, which can help build your business credit profile.

Nevertheless, in addition to a good personal credit score, small business owners also need to focus on building a strong business credit profile.

For most small business owners, the need to maintain a strong personal credit score isn't likely to go away, but building a good business credit profile is critical as your business grows.

A key measure of your business» financial health is your business credit profile.

There are also suppliers like Staples, Home Depot, and others that offer credit to small business owners and can be another option to establish credit accounts to help build or strengthen your business credit profile.

For example, by looking at the overall health of your business, your cash flow, and your personal and business credit profile, you might even qualify for more than you would with a traditionally collateralized loan.

You will need to fill out a business profile, a business profitability form, a personal credit profile, a business credit profile and other personal information.

Your business credit profile is more a collection of scores and reports that describe your business» credit use and history.

Although a strong business credit profile isn't a guarantee you'll get the financing you might want, it will provide additional options unavailable to a business with a poor credit profile.

Building your business credit profile during the first few years of your business should be a priority.

It will give you an opportunity to make sure there are no errors that can negatively impact your profile and, as business people, we tend to impact the metrics we pay attention to the most, a regular review is the first step to improving your business credit profile.

If your lender doesn't report to the business credit bureaus, you may be building a good customer relationship with that specific lender, but you're not doing anything to build a strong business credit profile, which is what other lenders will examine when assessing your application.

If you take a loan from an institution that reports to the business credit bureaus, and if you make timely payments, then these payments should help build your business credit profile, which in turn should lead to better offers if you apply for a loan again in the future.

If your goal is to establish a strong business credit profile in the early years of your business, because your personal score is an important part of getting started (and, many lenders start there), it could make sense to begin with your personal credit.

Your personal credit score and your business credit profile both report credit history, but they are reporting two different histories.

A strong business credit profile is the foundation for demonstrating your business» creditworthiness to a potential lender.

Understanding where your business credit profile stands is very important.

Your business credit profile, as Steve describes, is a reflection of how you meet your business credit obligations.

Doing so early in your business allows you to build a good business credit profile by using business credit.

The need to maintain a good personal credit score will likely never go away for a small business owner, but a strong business credit profile is a critical foundation to how a lender measures your business» creditworthiness.

Whenever I have a chance to meet with small business owners, I often ask how many of them know they have a business credit profile as well as their personal credit score?

Personal credit score is really a reflection of how a borrower meets his or her personal credit obligations and may not necessarily be the best way to determine business creditworthiness — your business credit profile may be a better reflection of that.

We regularly talk about the importance of paying attention to your business credit profile and your personal credit score.

There are no quick fixes to strengthening a weak business credit profile, it's really slow and steady that wins this race.

Kiisel: Build a business credit profile.

That being said, borrowing the capital you need to fuel growth or otherwise add value to your business and making each and every payment in a timely manner, is the single most important thing you can do to build a strong business credit profile.

Your business credit profile should not be confused with your personal credit score.

They are surprised to learn that their business has a business credit profile.

Your personal credit score and business credit profile are reflections of how you and your business have handled credit obligations in the past.

Not too long ago we invited a group of small business experts to a Twitter chat to answer questions about how business credit works and what you can do to build a strong business credit profile.

I agree with Nellie, getting your DUNS number is a good idea in addition to investigating your business credit profile with the credit bureaus.

The bank will review your business and personal credit profiles with the appropriate credit bureaus — so it makes sense for you to understand what is reported within your personal and business credit profiles as well (if you don't know already).

Understanding your business credit profile A key measure of your business» financial health is your business credit profile.