It is impossible to function at your full potential if you are working with false information. Falling for these 5 credit myths can hold your business back. We are setting the record straight.

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When your company domain matches your business name, it helps with fundability. Pro tip: try to match what people will be searching for online, so if (for example) the word ‘brothers’ is in your company name, then determine if ‘brothers’ or ‘bros’ will be used by people searching for your company and its goods and services online.

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It is possible to check business credit score for free, but it’s not easy. We lay it out step by step, and tell you what to do with the information once you get it.

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Credit bureaus collect personal information like your name, date of birth, location, occupation, and more. They’ll also prepare a list of information that the creditors provide. Other information, like judgments or bankruptcy, will appear on your credit reports. It becomes part of your personal credit score. When you apply for new credit, your creditor will see all that info in your credit report and check your score.

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Many business owners do not understand the connection between a business loan, credit score, and fundability. Once you know, a whole new world of funding approval opens up.

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Lenders get a lot of information from your business credit score. Find out how to understand your Experian business credit score.

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Know what is happening with your credit. Make sure it is being reported and take care of any errors as soon as possible. Get in the practice of checking credit reports. Dig into the specifics, not just the scores.

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Your commercial credit report likely says much more about your business than you realize. What it says, greatly affects fundability. For this reason, you need to understand not only what yours says, but also where the information comes from.

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