Saturday, December 10, 2016
Business credit is not based on your social security number and personal credit information. It is associated with your EIN, business name, company address and phone number. Protecting and constantly improving this credit history should be a top priority for you as a business owner. Business credit that is in good standing enables you to obtain loans and lines of credit (http://www.creditsuite.com/blog/6-smart-reasons-to-build-your-bus ..
Thursday, September 08, 2016
D&B has tools also that are especially for prospecting and marketing. Prospecting Solutions is perfect for targeted lead lists.
Hoover’s is a subscription to their global business database. Customer Integration Manager is a software tool that integrates and enriches disparate corporate data into a shared customer directory. Optimizer is a batch service to clean, enrich, and link company’s records with additional da ..
Monday, September 05, 2016
Dun & Bradstreet lists in their reports details on payments the business has made for each individual account, including their full payment record, their upper-credit limit, how much they currently owe on each account, how much is past due, what the terms of the account are, and when the account was reported and last updated. Extra information D&B provides includes detailed financial information such as current assets, liabilit ..
Thursday, September 01, 2016
D&B offers sales and marketing products such as the DUNS Market Identifier Database, Optimizer, and D&B Professional Contacts, all of which provide sales and marketing professionals with business data for both prospecting and CRM activity.
The main credit score used in the business world is known as a Paydex score, provided by Dun & Bradstreet. From D&B… “The D&B PAYDEX® Score is D&B’ ..
Monday, August 29, 2016
Dun & Bradstreet has recently moved out of the business credit building game. Business credit building and monitoring is what many people know them for, but it is no longer one of their primary services. Another new company has come in and bought those services from D&B.
Dun & Bradstreet Credibility was founded in July 2010. D&B Credibility’s headquarters is in Los Angeles, CA and they currently have over 700 ..
Thursday, August 25, 2016
Dun & Bradstreet is by far the biggest business credit reporting agency. They are commonly known as D&B. They provide information on businesses and corporations for use in credit decisions. D&B is a publically traded company on the New York Stock Exchange. D&B’s headquarters is in Short Hills New Jersey.
D&B roots track all the way back to 1841, with the formation of the Mercantile Agency in New York. In ..
Monday, August 22, 2016
A business credit score reflects the business’s likelihood of defaulting on an obligation, not the business owner’s. The business credit score is based on how the business obligations are being paid, not how the business owners pay their personal obligations.
Dun & Bradstreet is the biggest and major business credit reporting agency. They were created in 1841.They are commonly known as D&B and they provide five ..
Thursday, August 18, 2016
There are three main reasons many people fail building business credit. The 1st BIG reason people fail, is that their business isn’t setup credibly in the lender’s eyes. The perception lenders, vendors, and creditors have of your business is critical. Before applying for business credit a business must insure it meets or exceeds all lender credibility standards. There are over 20 credibility points that are necessary for a ..
Monday, August 15, 2016
There are three major companies that collect business information and publish it. These are Dun & Bradstreet, Experian, and Business Equifax. D&B is by far the largest, but the other two are catching up quickly.
The #9 thing you should know about the business credit reporting agencies is to know who uses which bureau. Dun & Bradstreet is the most common, and is used by most vendors to extend lines of credit. Landlords ..
Thursday, August 11, 2016
Crowdfunding is the collection of finance from backers—the "crowd"—to fund an initiative and usually occurs on the Internet platforms, also known as crowd financing and crowd sourced capital. There is a large abundance of Crowdfunding platforms to choose from. Knowing the details of these platforms can help you pick the one that can net you the most money at the best terms.
CrowdCube and Seedrs are both internet platfor ..
Monday, August 08, 2016
Crowdfunding is the collection of finance from backers—the "crowd"—to fund an initiative and usually occurs on the Internet platforms, also known as crowd financing and crowd sourced capital. There are many different types of Crowdfunding available today. Knowing these different types will help you choose the right type of Crowdfunding for your project helping you obtain the maximum amount of funding.
Donation-based C ..
Thursday, August 04, 2016
Crowdfunding is the collection of finance from backers—the "crowd"—to fund an initiative and usually occurs on the Internet platforms, also known as crowd financing and crowd sourced capital. There has been massive success worldwide for obtaining Crowdfunding.
In 1997, fans underwrote an entire U.S. tour for the British rock group Marillion, raising $60,000 in donations by means of a fan-based internet campaign. Artis ..
Monday, August 01, 2016
Crowdfunding is the collection of finance from backers—the "crowd"—to fund an initiative and usually occurs on the Internet platforms, also known as crowd financing and crowd sourced capital. According to WordSpy.com, the earliest recorded use of the word "Crowdfunding" was by Michael Sullivan in fundavlog in August 2006.
Crowdfunding models involve a variety of participants including the people or organizations that p ..
Thursday, July 28, 2016
Equifax provides a dispute process to address any perceived inaccuracies on the report. The dispute process is not intended to provide the business an opportunity to dispute and request the removal of accurate historical information (positive or negative) about the business. Only that information contained in the Public Records and Bureau Data sections of the report may be changed as a result of a dispute.
You have the opportunity ..
Monday, July 25, 2016
Equifax offers a few main business credit scores. The Credit Risk Score predicts the likelihood of a business incurring a 90 days severe delinquency or charge-off over the next 12 months. The Business Failure Score predicts the likelihood of a business failure through either formal or informal bankruptcy over the next 12 months.
The Payment Index provides a dollar weighted index of a business's current and past payment performance ..
Thursday, July 21, 2016
Equifax primarily acquires its information from two primary sources. First, all of its financial information is obtained through an exclusive data sharing agreement with the Small Business Financial Exchange, Inc. (SBFE).
The Small Business Financial Exchange is a nonprofit organization made up of the largest small business lenders in the US and consists of information on a wide variety of credit products including term loans, line ..
Monday, July 18, 2016
Experian business collects, reports, and sells data in the business credit world. Business Credit is credit that is obtained in a Business Name. With business credit the business builds its own credit profile and credit score. With an established credit profile and score, the business will then qualify for credit.
Experian is used by many credit card companies and non-traditional business lenders. Experian’s roots track back ..
Thursday, July 14, 2016
There is no question that SBA loans are tough to qualify for. This is why according to the Small Business Lending Index, over 89% of business applications are denied by the big banks. Most business owners struggle to get approved for financing because they and their business aren’t “perfect” as the lenders and SBA require. As a result, most business owners don’t get the funding they need and fail, go out of busi ..
Monday, July 11, 2016
All of the big banks and most smaller banks use SBA loans as their primary business funding program. These types of conventional bank loans are very hard to qualify for as the borrower must qualify per SBA guidelines and the lender’s guidelines.
SBA loans are also tough to qualify for because the lender and SBA will evaluate ALL aspects of the business and the business owner for approval. To get approved all aspects of the bu ..