How to Get the Absolute Best Business Line of Credit
More flexible than a term loan, an LOC can be harder to get from a lender, and with a higher interest rate, but you only pay on whatever you draw. LOCs are also refillable so, as you pay off a draw, you can draw those funds again and again.
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How to Steer Clear of Expensive Surprises Hiding in Credit Card Terms
A guarantor on a credit card account is a person who signs an agreement to pay off a loan for someone else if that someone else defaults. It is similar to co-signing; in that it is a technique often used among family and friends to let a person with good credit vouch for a person with new credit or bad credit to get a loan.
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What Is a Shelf Corporation? Risks, Opportunities & Legality
In our hurry up, get it done yesterday culture, business owners may understandably be looking for a shortcut or an easy fix. The idea behind shelf corporations is that a startup, by definition, has little to no time in business. And, a startup often has few (if any) tradelines or other credit experiences. So, rather than wait and build corporate credit the old fashioned way, a small business owner may be tempted to short-circuit the process by buying what’s called an aged shelf corporation.
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Equity Crowdfunding: Recession Investing is a Legitimate Option
If you are looking for financing to supplement your equity crowdfunding recession investing, be sure to shop around, the same as you would shop around for a crowdfunding site. Do your research so you can choose the best option or combination of options for your needs.
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Empower Your Business with What You Should Know About DBAs
Do you know what you should know about DBAs and the awe-inspiring potential they have for your business?
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Low and High Risk SIC Industry Codes for Business Credit: Which SIC Codes Get You Denied
A Standard Industry Classification code, or SIC is a four digit numerical code which is assigned by the U.S. government to businesses, to make it easier to identify the primary activity of the business. It is an indicator of the kind of business a company is in.
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All You Need to Know About The 3 Credit Bureaus
If your search with D&B doesn’t show you have a D-U-N-S number, you’ll need one. This is a nine-digit number issued by Dun & Bradstreet. It’s assigned to each business location in the D&B database. Each business has a unique, separate, and distinct operation for the purpose. Every business must first have a D-U-N-S number before D&B will assign a PAYDEX business credit score.
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3 Easy Ways to Get a Credit Line for Your Business
So, you’re finally doing it. You took the plunge and you started your own small business. But there is so much you need! Whether it is renovations for your location or payroll or the ramp-up costs for getting manufacturing started, all of those things need money. You need to get a credit line for your business.
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