Sentences with phrase «reason business credit score»

For this reason business credit score survives any inquiry.

Not exact matches

This tends to be the more attractive type of business credit lines to business owners for obvious reasons, however, they are much more risky for the lender, therefore your credit score must be excellent.

For that reason, your personal credit score can be a major hurdle when looking for business loans with bad credit.

One of the many reasons that there are so many credit scores is that the credit reporting bureaus are businesses and as such they needed to come up with new product offerings.

For this reason, personal credit score of the owner and business credit score of his or her company are interconnected and can impact each other.

For that reason, if you're a young business, it can be helpful to check your business credit score once a year to ensure your credit activity is being reported.

Many businesses have a permissible purpose or legitimate business reason for requesting your personal credit profiles and when they they do, these «authorized soft inquiries» appear and usually remain on your credit reports for 1 to 2 years and DO NOT hurt your credit score.

Interest - free loans and no credit score minimums — these are some of the reasons Kiva is a great place to get a startup business loan.

A business owner's personal credit score factors into all business credit decisions: if the people behind the business can be trusted, then there's more reason to trust the business.

«The biggest reason for cosigning is to help people get approved for a loan they don't qualify for on their own,» says Devin Hughes, director of business development at LendKey, «or to achieve a lower rate if the cosigner has a better credit score or financial history.»

There is a reason traditional banks will only lend to small businesses with high credit scores — small businesses can be pretty risky.

It may not seem fair to some, but the fact is that there are good reasons as to why credit scores are used for a variety of different business transactions.

Bad credit, defined by FICO as a score of 300 to 629, is a common reason that banks reject small - business loan applications.

Personal and business credit scores are the main reason businesses get denied funding.