How to Safely Extend Credit to Customers During a Pandemic

Share

safely extend credit to customers during pandemicExtending credit to customers is an important yet sometimes tricky issue for businesses. On the one hand, when you extend credit you can boost sales and acquire new customers. On the other hand, it can damage your cash flow if you don’t handle the process carefully. During the COVID-19 pandemic, the credit issue is especially relevant with so many customers asking for credit.

Read more

Top Small Business Credit Terms All Business Owners Should Know

Share

Financial and Credit terms you should know

 

If you have a small business, there’s a good chance you’ll need to apply for a loan or other type of financing at some point. In order to understand the process, you should be familiar with the lingo. Here are some of the most frequently used financial and credit terms you should know. Chances are, you’ll already know some of these while you might need a refresher on others.

Read more

Have Bad Credit? How to Still Get Funding for Your Small Business

Share

Funding For Small BusinessesYour business credit score has a large impact on your ability to get funding for a small business. This is a major obstacle for anyone with bad credit. It’s also a problem if you don’t have much credit history at all. Banks are reluctant to take any risks when it comes to lending money to businesses without strong credit.

Alternatives to Bank Loans for Small Businesses

Because obtaining bank loans can be difficult, it’s worth investigating alternative types of small business funding. Here are a few options to consider if your business credit score is less than perfect.

Read more

5 Secrets to Improve Your Credit Scores in Small Business

Share

5 Secrets to Improve Your Credit Scores in Small BusinessIf you want to grow your business, you’ll probably need funding at some point. The challenge, however, is that it’s difficult for startups and businesses without a solid track record to obtain bank loans. As a consequence, many small business owners rely on their personal credit to secure loans. Getting approved for loans, of course, depends on your credit score. Let’s look at some ways to improve your credit score so you can fund your business.

Read more