Sentences with phrase «business credit profile because»

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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.

Because approval is often largely based upon the business owner's personal credit history, a business credit card may be a good option for startup and early - stage businesses that haven't been in business long enough to establish a strong business credit profile, yet occasionally need credit to pay for business expenses.

NOTE: Because a merchant cash advance is not a loan and providers do not report your payment history to the business credit bureaus, it does not help build or strengthen a business credit profile.

I use the term «profile» because business credit is really a compilation of several scores compiled by different bureaus and sometimes reflects information differently.

Because there is no specified collateral associated with this type of credit line, the business will likely need a stronger credit profile along with a positive business track record to qualify.

I say this because using your personal credit for business purposes doesn't help build a strong business credit profile and some business credit use cases can actually harm your personal credit score.

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.

MH: One reason I liked OnDeck was because they report payments to the credit bureaus, and I wanted to improve my personal and business credit profiles.

Because approval is often largely based upon the business owner's personal credit history, a business credit card may be a good option for startup and early - stage businesses that haven't been in business long enough to establish a strong business credit profile, yet occasionally need credit to pay for business expenses.

This is because National Funding places more emphasis on your business's ability to repay its debts than its credit profile, which helps applicants with fair to average credit scores qualify for funding.

I use the term «profile» because business credit is really a compilation of several scores compiled by different bureaus and sometimes reflects information differently.

Because there is no specified collateral associated with this type of credit line, the business will likely need a stronger credit profile along with a positive business track record to qualify.

As a business owner, it's important to understand what lenders see when they look at both your business credit profile and your personal credit score — because they both play a role in how lenders evaluate your credit worthiness.

Indeed, because the vast majority of business credit card issuers will report to the three major business credit bureaus (Dun & Bradstreet, Experian, and TransUnion), your business credit card can boost your business credit and diversify your profile.