Category Archives: Business Credit

Business Credit: Why You Need A Small Business Credit Card

If you’re wondering if your small business needs a credit card, the answer is an unequivocal “YES.” If you are serious about running a business, you need a business credit card for several reasons, not the least of which is to keep your business and personal expenditures separate. This can be a tricky situation for small business owners, particular one-person shops, so having a business card to separate expenses helps… Read More »

Business Credit: Tips for Getting A Business Credit Card

If you are looking for a business credit card, and particularly if you have had difficulty getting your first business credit card, the following tips can help you get a great business credit card that you can use to grow your business and take care of your business expenses when cash flow is tight. Business credit cards, as you may know, are just like personal credit cards, but issued to… Read More »

Business Credit: Pros and Cons of Merchant Cash Advances

Merchant cash advances have gotten a lot of coverage in the business press lately, with many experts on credit disparaging the practice and many merchants talking about how MCAs helped them get through difficult times—while many other merchants talk about getting taken to the cleaners. It can be a confusing topic, and understanding what merchant cash advances are and how they work can help you decide if you should use… Read More »

How To Establish Business Credit

One of the most important things your small business can have is credit. You need access to funds for operating expenses and equipment, and business credit, including trade credit and business credit cards, will help you build a good credit profile. The best way to start your business credit profile is to get a business credit card. If you have not business credit at all, you may need to start… Read More »

How To Build Your Business Credit

If your business is growing quickly, you will inevitably need access to funds, and that often means securing business credit. Whether you need a line of credit from a merchant, a business credit card or a commercial loan, you will need a good business credit profile to get the credit you need for your business. Fortunately, establishing business credit is very straightforward. First, you must set up your business as… Read More »

Business Credit: Get A Business Loan Without Personal Guarantees

If you’ve applied for business credit, you may be having trouble getting the capital you need without a personal guarantee. Of course, you do not want your business credit on your personal credit profile, because this will wreck your debt-to-income ratio, and your personal credit score will take a very rapid nosedive. What’s the solution? Get business credit without a personal guarantee. This is not as hard as it may… Read More »

Business Credit: Get A Business Loan In A Tight Credit Market

All the experts are arguing about whether the economy is growing or slumping, whether we’re in a recession or whether everything is fine. Meanwhile, small businesses are struggling to get credit in what is clearly, for them, a tight credit market. While many factors contribute to this problem, the housing collapse is tightening credit. Banks are being more cautious about who they award credit to, and dropping many credit programs… Read More »

Business Credit: Get A Business Loan With Bad Credit

If you’ve had some credit problems in the past, especially while trying to run a business, you may feel that you cannot get a loan for your business. If you need a small amount of money for operating expenses, getting a business credit card may be a better choice than trying to get a commercial loan. But if you need a commercial loan and have bad credit, it is possible.… Read More »

Business Credit: Business Credit Cards FAQs

If you’re looking for a business credit card, or if you’ve had a business credit card for a while but have questions, this list of frequently asked questions, and their answers, may help you understand the basics. Q. Will business credit cards be on my personal credit? A. If you have established a business as a separate entity, such as a DBA, partnership, LLC or corporation, you can set up… Read More »

Business Credit: Five Advantages of Business Credit Cards

If you’re thinking about getting a business credit card, you may not be sure whether you should get a card, and whether it will benefit your business. While people who have trouble managing their money and controlling their spending should probably not have control of a business credit account, there are several advantages to having a business credit card. 1. Build Your Business Credit Profile If you intend to lease… Read More »