Archive for small business credit
How to Protect Your Business from Customer Bankruptcies
Posted by: | CommentsIn today’s tough economy, more and more businesses are filing for bankruptcy. Bankruptcy can happen to any company—from the smallest to the largest. If your company caters to business clients, this means your business is at risk. How can you protect yourself from a customer’s bankruptcy?
The best strategy is to start on the right foot
Starting a Business? Get Your Personal Credit in Order First
Posted by: | CommentsAre you getting ready to start a business? One of the first steps you must take is to get your personal credit in order. Improving your personal credit score puts you on the road to establishing good business credit habits.
If you are a new business owner without a business credit history, some companies will consider
Using a Personal Guarantee
Posted by: | CommentsWhen first obtaining credit for the corporation, owners will almost always be asked to provide their personal credit and co-sign the application as a personal guarantor. Those with poor credit will typically be turned down, while those with good credit and a reasonable loan request will be accepted.
When providing the