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Our Creditworthy Biz Inc. blog is all about giving you the information you need, answering questions you’ve been wanting to ask, and giving you the right resources to make good decisions for your company. We cover everything from general basics to expert business funding tips, and everything in between. If you have an idea for a blog, shoot us an email. We might just feature it on our site!
The Creditworthy Biz Inc. Blog
If I asked you what a good consumer credit score is, chances are you would say a number between 700-800. Now if I asked you what a good business credit score, what would you say? The reality is 95% of business owners know little to nothing about business credit and
As much as borrowers may hate it, having a good credit score is the only way to get approved for a loan. It doesn’t matter whether it’s a personal loan or a business loan, either. Credit matters. That being said, the type of loan you want to get will most
If you’ve been looking for a business loan, you’ve probably been told that you need a business FICO score or a PAYDEX score in order qualify. Since you already have a personal FICO score, you probably aren’t wondering what a business FICO score is. Most business owners are more curious
Having a business credit score is a must if you want to do any borrowing on behalf of your company, and though most business owners need a good score, they often don’t know the basics on how scores are calculated, or what is considered a good score. This article will
If you’ve been looking to establish business credit, or if you’ve been working on trying to get a loan, you’ve most likely heard mention of the FICO® SBSS℠ Score. This is the most commonly recognized business credit score, and that means that it’s in your best interest to find out
Getting business credit isn’t usually a top priority of company owners until they need a loan, but if you’re wise, you’ll establish business credit way before you need a loan. Having a business credit score associated with your company means that you won’t have to worry about comingling your personal
Merchant cash advances can get a pretty nasty rap in the world of business finance. Known for having high interest rates and tough contracts at times, this form of business funding’s reputation has been wrongfully tarnished by many horror stories. As bad as merchant cash advances are thought to be,
If you’ve been looking at common forms of business funding, you’ve probably heard of at least one person mentioning merchant cash advances. MCA’s, as they’re sometimes called, are the most common loan alternative out there for new business owners, and they are beginning to explode in popularity. Popular as they
Figuring out how to structure your company seems like such an easy decision, but it’s one that will permanently alter the way that you do business. It impacts everything from how much taxes you pay to how much liability you have in the company itself. There are many different structures
Though there are other factors that may come into play when applying for a business loan, one of the most important factors is your business credit score. In order to get any loan, borrowers will need to show creditors an acceptable credit score. For personal loans, lenders will typically require