Sentences with phrase «even small lines of credit»

Not exact matches

The small businesses can't revive their lines of credit or even get a business loan with a bank because they have lost their customer base and their sales can't support their loan requests.

A business line of credit can also put your small business at risk, and even if your business fails, a line of credit has to be repaid because it is a business obligation.

However, it's easier than ever to be approved and the minimum requirements allow even young businesses to be approved, provided you're in good standing (albeit for smaller, shorter - term lines of credit).

«If you pay bills in cash or rely on a line of credit or loan, like a small business owner often does, then you'll have a terrible credit score even if you always pay your bills on time,» explains Michael Brattman, vice-president of personal insurance at Erb Insurance Brokers.

«If you pay bills in cash or rely on a line of credit or loan, like a small business owner often does, then you'll have a terrible credit score even if you always pay your bills on time,» explains

Small - business owners may be able to secure lines of credit even if their businesses are currently losing money, as long as their personal credit scores are high — generally above 700.

Regions Bank offers customers both secured and unsecured loans and lines of credit ranging from values such as $ 500 for small - dollar lines of credit and even $ 100,000 for secured personal lines of credit.

Commercial banks use it as a benchmark to set their own prime rate, which in turn dictates interest rates on most home equity loans and lines of credit, credit cards, auto loans and personal loans — even some small business loans.

Today, businesses will look at your credit score to determine how much of a down payment you need, whether you can get insurance, how much premiums may be, or even for the smallest line of credits for the holiday season.

If you really want to reduce your debt, you need to make extra payments (even small ones), not use the card or line of credit until it's paid off, and also set money aside to pay for the things that just come up.

After proving unable to secure a loan with traditional banks (even with the assistance of the Small Business Administration), Windy City Parrot owner Mitch Rezman turned to Kabbage, which specializes in extending short - term lines of credit to small - and medium - size retaiSmall Business Administration), Windy City Parrot owner Mitch Rezman turned to Kabbage, which specializes in extending short - term lines of credit to small - and medium - size retaismall - and medium - size retailers.

Most of these lines have a UR less than 10 percent, so even if it leads to a change in your credit score, it will be so small, you might not even notice.

Even so, my business card has the smallest credit line of any of my cards.

On the other hand, if your business tends to concentrate its biggest purchases in just one or two areas (and maybe doesn't spend up to the $ 150k mentioned above), Chase's broader Ink line of small - business credit cards could hold an even better offer.

Your lender warned you about doing anything that would open up a new line of credit or even making credit inquiries as those small checks can ding your credit report.