Sentences with phrase «made on a business credit»

The rare case when an officer or owner of a business is not personally responsible for the purchases made on a business credit card.

Not exact matches

The reasons are four-fold: structural changes in the American economy have triggered a long term downward trend in entrepreneurial activity; changes in the banking system have made small business credit more difficult to get; a post-recession shift in attitudes has made Americans less interested in striking out on their own; and a shift in government policies has made entrepreneurship more challenging to undertake.

If you don't care much about extra perks and just want to use your credit card to make business purchases, you could be missing out on a great opportunity to save money for your business.

That can involve making personal visits to those businesses, asking for copies of their financial statements, purchasing credit reports on them from Dun & Bradstreet or some other reliable credit agency, and contacting their other customers for real - world feedback on their performance.

Four years ago, Chilcott was on the U.S. Treasury's Small Business Financing Forum, where he made recommendations to the Obama administration on how to improve the flow of capital to Main Street during the credit crunch.

Business credit has been tight since 2008, making it hard for entrepreneurs to rely on credit to support their operations.

It's too soon to know whether the pilot program introduced by Adams National Bank — loan officers» making «house calls» to prospective business borrowers and processing credit applications on laptops — will prove to be an enlightened solution to that chronic problem.

To make matters even more difficult, you'll probably need to borrow money throughout the course of your business ownership, or at least set up a line of business credit that you can draw on to keep your cash flow positive and moving.

In 2013, Pawngo launched a small - business lending program that can make up to $ 1 million available in 24 hours with no credit check, based on the resale value of the merchandise.

If you or your employees do a lot of traveling for your business, you may be able to make good use of the travel protections that frequently come on business credit cards.

A business line of credit is a flexible, often low - cost way to cover short - term financing needs such as purchasing inventory and making on - time payroll.

If there aren't any errors, you can still improve your business's credit scores by making on - time payments and lowering the company's credit utilization ratio, among other options, but it will take some time.

Small businessmen and private individuals, who never understood that the Chrysler bail - out would squeeze $ 1.2 billion out of the credit market, making it difficult and more costly for them to raise business capital or finance a mortgage on a new house, all of which would have created new jobs

Once you get a business credit card, use it regularly to make business purchases and pay the bill on time — ideally in full — to build a history of using it responsibly.

In the meantime, focus on growing your company, building your business credit score, and making all payments on time.

(New York, NY) March 24, 2010 — On Deck Capital (www.ondeck.com), a leading provider of small business financing solutions, announced today announced today that over $ 50 million of loans have now been made to more than 2,000 Main Street small businesses using its proprietary performance lending system which evaluates businesses based on electronic performance data rather than relying solely on the business owner's personal credit scorOn Deck Capital (www.ondeck.com), a leading provider of small business financing solutions, announced today announced today that over $ 50 million of loans have now been made to more than 2,000 Main Street small businesses using its proprietary performance lending system which evaluates businesses based on electronic performance data rather than relying solely on the business owner's personal credit scoron electronic performance data rather than relying solely on the business owner's personal credit scoron the business owner's personal credit score.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

As a huge bonus, business owners who make on time payments and keep their balances low can build business credit, however it's worth noting that your payment history may be reported to personal credit reporting agencies and affect your personal credit scores.

In short, you are just as responsible for all of the charges to your small - business credit card account as you would be if they were made by you on your personal credit card.

The SimplyCash ® Plus Business Credit Card from American Express offers 5 % cash back on purchases made at U.S. office supply stores and wireless telephone services purchased directly from U.S. service providers.

With Expanded Buying Power you can spend beyond your credit limit * to make bigger purchases for your business plus earn cash back on those purchases too

Because so many lenders weight personal credit score heavily when evaluating a small business» credit worthiness, it makes sense there would be some confusion on the topic.

To make some small - business credit cards worth it, you have to spend a lot on office - related purchases.

Has it made a positive impact on your business» credit profile?

If you haven't recently, the major business credit bureaus, like Experian, Equifax, and Dun & Bradstreet, make it possible for you to review the information they've collected on your business.

Unlike a traditional small business loan, interest is paid only on the amount of credit used, as long as you make the minimum monthly payment.

Manage your business» spending and cash flow, plus earn rewards on every purchase you make with our Visa ® credit card options.

Manage your business» spending and cash flow, plus earn rewards on Qualifying Purchases you make with our Visa ® credit card options.

Whether a personal loan makes sense for your business will depend on a variety of factors, including your business's finances, your personal credit history, and how much you plan to borrow.

If are set on improving your businesses credit score, you should make sure you get these fundamentals down first.

Rates range widely from 20 % - 90 % APR depending on the health of your business, so watch out of that number and make sure you understand what it means before you take on a Kabbage line of credit.

In addition, qualifying for a personal loan is based on your personal finances and credit history, not those of your business, which makes them a popular option for startups and businesses that can't otherwise get funding from conventional sources.

Business owners who make on time payments and keep their balances low can build strong business credit scores, however your payment history on this card may be reported to personal credit reporting agencies and affect your personal creditBusiness owners who make on time payments and keep their balances low can build strong business credit scores, however your payment history on this card may be reported to personal credit reporting agencies and affect your personal creditbusiness credit scores, however your payment history on this card may be reported to personal credit reporting agencies and affect your personal credit scores.

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.

Most of the business credit cards we review tend to shine in a few select categories — most often on purchases made at office supply stores or travel.

Unlike the D&B score, Experian's business credit score doesn't reward prompt payments — it only considers whether payments are made on time or not.

Either way, you'll want to keep tabs on your personal and business credit scores, to make sure they are as strong as possible — and stay that way.

Microloans are also a great way to start establishing stronger business credit by making your payments on time.

Cash back can be received on eligible purchases made on your SimplyCash ® Plus Business Credit Card.

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Using a line of credit allows you to build a positive business credit history as you use the line and make the payments on time.

Making payments on time always has a major influence on your credit standing, both for personal and business scores.

Unlike other balance transfer cards on our list, the Ink Business Cash ℠ Credit Card is also a rewards credit card, which makes it an excellent card to keep around in the longCredit Card is also a rewards credit card, which makes it an excellent card to keep around in the longcredit card, which makes it an excellent card to keep around in the long term.

The Ink Business Cash ℠ Credit Card is a no annual fee cash back card, with lower caps on its special bonus categories, that makes more sense for smaller businesses.

Before you commit to doing business with a new customer, consider running a credit check on them to make sure you're confident in their ability to pay their bills.

Small businesses often decide to run credit checks on new customers to make sure the customers are a good risk to pay their bills.

Similarly to business credit cards, qualifying for a personal loan will only be based on your personal credit history and financial situation, making them another common choice for new businesses.

If you have a habit of covering expenses on the company credit card, or are taking out more and more loans to make ends meet, chances are you should be refocusing your efforts on being debt - free and not purchasing the plush commodities you've always wanted as a business owner.

Many of these programs make the process easier and will base the loan on your personal credit history and not on that of the business.

If a business chooses to impose a surcharge on its customers for making a payment using a credit, debit or prepaid card, the level of the surcharge must not be excessive.