Sentences with phrase «understand business credit»

Small business owners who understand their business credit scores were 41 % more likely to get approved for a loan.

According to a 2015 report by Nav, small business owners who understand their business credit score are 41 % more likely to be accepted when they apply for a business funding.

Those who understand their business credit profile are also 31 % more likely to consider expanding their business.

«How to Understand a Business Credit Card» accessed May 18, 2018.

Small business owners who understand their business credit scores were 41 % more likely to get approved for a loan.

Ultimately, those who understand business credit are better positioned to succeed.

Understanding your business credit profile A key measure of your business» financial health is your business credit profile.

However, understanding your business credit score doesn't require a degree in rocket science (or even accounting for that matter).

David Bobbitt, President of SCORE, Rieva Lesonski, Editor at Large at Small Business Daily, Steve Nicastro from NerdWallet, Nellie Akalp, CEO of CorpNet, and I answered some of the questions we weren't able to get to at last month's SCORE webinar on Understanding Business Credit.

Nav's 2015 American Dream Gap Report found that nearly one in four businesses don't know why their loan applications are denied, yet businesses that understood their business credit scores were 41 % more likely to get approved for a small business loan.

Not exact matches

It's important for women entrepreneurs to understand how the use of business credit may benefit their operations.

If you've ever wondered whether you should close that old credit card account or apply for a business loan and a mortgage at the same time, then understanding these factors should help.

Understanding how his process works and what you need to do in order to establish good business credit could open up new doors to fuel the growth of your business.

He said he understood that many business owners were prevented from fully participating in the economy because of the expense associated with setting up merchant accounts to accept credit cards.

The company sells software subscriptions to schools and businesses that help teach financial literacy (understanding mortgages and credit, for example), responsible college behavior (involving hazing and alcohol consumption), corporate compliance (like sexual harassment and diversity training), and other programs.

«When it comes to transparency, we believe the key consideration is whether a small business owner can clearly understand the credit product and assess if it is a proper fit for their business need or use case,» OnDeck said in an emailed statement.

As Dale Shintani, senior vice president of small business lines of credit at Wells Fargo, says: «What's important to understand is that we want to approve as many small businesses as we can.»

To better understand how entrepreneurs feel about pursuing and using business credit, we at Wells Fargo conducted a national study of business owners.

Business owners who better understand the factors used to determine creditworthiness can assure they're working to develop a strong credit profile.

Our website includes free educational resources to help business owners understand and navigate the three phases of building credit: pre-application, the application process and after the financing decision.

Lastly, your credit card processing partner needs to understand the unique nature of your business.

No doubt, understanding how and when business credit scores are used can be confusing.

Whether you want to understand more about how to properly use a business card or how to build business credit, we can help.

What most impressed me reading «Big switch for Ford credit whiz» (Feb. 26) was Joy Falotico's «very deep relationships with the dealers» — a sign she really understands the business.

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

Your business credit profile will also factor into the decision - making process, so it's important to understand what is reported within your personal and business credit profiles.

Nevertheless, even if you do have the right credit score, have sufficient collateral, and meet the other requirements, a loan at the bank might not be the best loan to address your situation, so it makes sense to understand more about a loan at the bank and investigate all the options to make sure you pick the right loan to meet your small business needs.

A great understanding of how credit works likely isn't the reason you became a small business owner, but it will certainly help you build a successful business.

Bolstr is revolutionizing the way that small business credit is understood by utilizing technology and taking a data - driven approach.

We want you to get the most from your OnDeck relationship by helping you understand and manage your business» credit profile.

Understanding where your business credit profile stands is very important.

The great folks as SCORE are also available to help you better understand and use business credit.

The bank will review your business and personal credit profiles with the appropriate credit bureaus — so it makes sense for you to understand what is reported within your personal and business credit profiles as well (if you don't know already).

Under this initiative, senior Company human resources, compliance, credit, and legal personnel compiled and analyzed extensive information about the Company's incentive plans, including plan documents, eligibility criteria, payout formulas and payment history, and held extensive interviews with business line managers to understand how evaluation of business risk affects incentive plan performance measures and compensation decisions.

For example, business credit card companies aren't required to bill the same time every month — making it important to make sure you examine every credit card bill to ensure you understand when that bill is due.

This guide will help you understand what factors drive each of the different business credit scores, and how you can improve your company's standing.

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.

More and more, entrepreneurs understand the importance of building strong business credit.

The credit reporting agency can help you understand historic data and trends, and develop predictive scoring, explains Gail Beltz, director, Trade Acquisition for Experian Business Information Services.

The second thing to understand is that not all companies report to all the major business credit reporting agencies.

Failing to understand them can lead to issues down the road relating to securing approval for higher quality forms of business credit.

Get free personal and business credit scores and reports you can actually understand.

In fact, one of the primary reasons business owners are denied funding is due to a failure to understand their credit.

Since these loved ones understand your work ethic and know you will poor your heart and soul into the business, you don't have to jump through the same financial hoops a bank would require (pulling your credit, running a background check, reviewing your work history, etc.).

Monitoring and tracking your credit score can help you understand your business» standing within the corporate world.

After your business is assessed, we award it a Credit Band, which allows investors to understand the risks and rewards of lending to your business.

However, while most small business owners are familiar with the term «business line of credit» (or LOC for short), they don't fully understand what they are and whether or not a line of credit would be of use to them and their business.

We understand that things happen, both personally and professionally in your business, so as long as you're on the right track to improve your credit, we believe you should have the opportunity to obtain funding.

It's 2017, and in this day in age, most small businesses are understanding the importance of accepting credit cards for the goods and services they provide.

For example, the folks on the FOMC don't seem to understand that low interest rates and artificially tight credit spreads retard private business investment and advances in productivity.