6 Steps to Repair Small Business Credit – Business Article

Business credit works differently than personal credit, but is similar in that it reflects business’ financial responsibility. There are three major business credit reporting bureaus, and the potential credit scores for these organizations ranges from one to 100 and one to 300. These bureaus receive reports from your business credit card, business loan vendors or any other type of funding (similar to a personal credit report). However, not all vendors report payment history to credit reporting bureaus, and they may…

Read More

The 5 Cs of Credit – Business Article

Running a small business inevitably has its challenges; from cash flow to market stability, almost nothing is guaranteed. Whether starting a new venture, expanding into new areas or replacing old equipment, funding can be necessary to simply stay afloat. The good thing is that loan applications generally look for the same criteria to determine how likely a business is to repay its loans with interest. This is where the 5 Cs of credit come in. Collectively, they are reliable and…

Read More

QuickBooks vs Other Accounting Software — What You Need to Know – Business Article

Accounting is a major part of running your business. Keeping your books tidy allows you to know how much working capital (and potentially growth capital) you have, if you need  a business line of credit, or if you have any major expenses coming up that you need to prepare for. A well-kept book means you can identify discrepancies quickly and easily spot areas of the budget you can improve on and take action on right away. Keeping track of all…

Read More

Free Small Business Budget Template – Business Article

One of the biggest challenges in starting a small business is collecting the funds you need to get started. What’s an even bigger challenge? Managing it all once you have it! There are many expenses as a small business owner: rent, insurance, operational material, employee earnings, travel, marketing and much more. Large expenditures are easy to identify for your expected budget, but they tend to make other minute expenses appear to be less severe and not worth accounting for. In…

Read More