Remember, building a business takes a lot of time and dedication — and so
does building business credit.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our
business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial,
business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the
build rates of certain aircraft; 6) the effect on aircraft demand and
build rates of changing customer preferences for
business aircraft, including the effect of global economic conditions on the
business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our
credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our
credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving
credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco
business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to
business relationships and other
business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of
doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
That includes
doing market research, developing a
business plan,
building a team and seeking outside funding — all of which students will
do for course
credit.
When you first start your
business, many third parties and creditors won't be willing to
do business with your LLC or Corp, as the entity is brand new and probably
does not have a lot of assets or hasn't
built its own
credit history yet.
One of the most important things a new company can
do is
build their
business credit.
Are you looking for a card to start
building a
credit history for your
business, or
do you want to earn rewards from your
business spending?
Doing the right things to
build your
business credit profile is one of the most important items you can take as small
business owner.
It's difficult to
build «
business credit» when the
business credit card you use doesn't report your purchase and payment patterns to
business reporting agencies.
If you don't yet have a bank account set up for your
business, and if you are not yet
building business credit, it will be wise to start if you suspect a future need for a line of
credit.
Building good
business credit can seem like a mysterious process if you've never
done it before.
How
do you know if you are actually
building good
business credit once you make these efforts?
This can be challenging for many
businesses, particularly for earlier stage
businesses that haven't established a strong profile yet, but it not only doesn't
build your
business profile, it could even hurt your personal
credit score.
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.
Doing so early in your
business allows you to
build a good
business credit profile by using
business credit.
As a small
business owner, you don't need to be a
credit or finance expert, but in today's world, it's critically important that you have a strong foundation of
credit knowledge and are vigilant in your efforts to
build and maintain a strong 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.
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.
Using your personal
credit doesn't
do anything to help you
build a strong
business credit profile; and the higher balances (increasing the ratio of available
credit to the
credit used) may even hurt your personal score.
This is the single biggest thing you can
do to
build a strong
business credit profile.
It doesn't matter if you've recently started your
business or have been around for years,
building a solid
business credit profile is an important step to make sure you have access to all the financing options you need to
build a thriving
business.
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.
A merchant cash advance
does not help
build business credit because it's not a loan and advance providers
do not typically report repayment history to the
business credit bureaus.
Kiva
does not check
credit scores as a requirement to qualify, however if you take on a loan through Kiva, making your loan payments on time will allow you to
build your
business credit.
This reduces
credit to the economy, which in the short - run discourages growth, as
businesses don't borrow to
build supply, and consumers borrow less, which temporarily reduces demand.
Additionally, if your
business is looking to
build credit, PayPal is not recommended because the company doesn't report to personal or
business credit bureaus.
This is a place where we can solve all those silly nagging questions that you have about
credit cards, debt,
building wealth, saving money, starting a
business,
do I buy life Insurance, where should I be putting my money, etc..
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.
Someone who doesn't anticipate applying for a small
business loan anytime soon and isn't interested in
building business credit.
Do you need better
credit to start or
build a
business?
Charge cards are a good option for consumers and
businesses that are looking to have a card they can use in lieu of cash but
do not ever plan on
building a long term
credit card balance.
North Shore Advisory offers an advanced
business credit building program where our in - house
business credit experts will work to
build credit and offer one - on - one guidance with companies as to what they need to
do to deliver a strong
business credit profile.
Due to demand, we developed a website catered to
business owners who are looking for a DIY (
do - it - yourself) approach to
business credit building and have the time to work on it themselves.
Be patient and
do things right — these are the main postulate of an effective
credit building for your
business.
Doing so early in your
business allows you to
build a good
business credit profile by using
business credit.
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.
This is the single biggest thing you can
do to
build a strong
business credit profile.
This can be challenging for many
businesses, particularly for earlier stage
businesses that haven't established a strong profile yet, but it not only doesn't
build your
business profile, it could even hurt your personal
credit score.
If you don't want to put up collateral to get a loan, small
business credit cards are a good source of startup funding, as you'll be able to
build your personal
credit and get rewards for purchases.
«Teaching others how to
build healthy personal and
business credit profiles is one of my favorite things to
do.
Many people are either somewhat or very familiar with
building their personal
credit and
credit score but many small
business owners
do not know how or have not bothered to start
building business credit which is an integral part of running a successful
business.
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.
Using your personal
credit doesn't
do anything to help you
build a strong
business credit profile; and the higher balances (increasing the ratio of available
credit to the
credit used) may even hurt your personal score.
Additionally, if your
business is looking to
build credit, PayPal is not recommended because the company doesn't report to personal or
business credit bureaus.
Chase INK
business cards
DO report, so you will
build business credit using them.
Kiva
does not check
credit scores as a requirement to qualify, however if you take on a loan through Kiva, making your loan payments on time will allow you to
build your
business credit.
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 they don't report, your good
credit behavior with them doesn't
do anything to help you
build an even stronger
business credit profile.
Nevertheless, most lenders look at your past
credit behavior to make judgments and decisions about what you will likely
do in the future — so maintaining a good personal
credit score and
building a strong
business credit profile should be a
business priority for those seeking a small
business loan.
North Shore has taken the time - consuming burden of establishing, repairing,
building, and monitoring
credit off the hands of many
businesses who rely on successful partnerships and by
doing so they have been able to establish and maintain profitable opportunities.
This reduces
credit to the economy, which in the short - run discourages growth, as
businesses don't borrow to
build supply, and consumers borrow less, which temporarily reduces demand.