knowledge

America’s largest small business lenders generate credit data which in turn makes up the Small Business Finance Exchange, or the SBFE. Equifax reports by using this data to reflect the way owners of small businesses make their various loan payments

Keep up with your Experian business credit profile and keep your credit reports accurate. But first, you have to open an Experian business credit profile.

As a business owner, you have math flying at you all the time. But calculators for business will make that so much easier. These business calculators are all free and none of them use Adobe Flash. This is helpful, as this type of development is going out of style in web development these days.

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.

If property sustains damages and needs repairs, you may not be able to keep your business open. If you can’t stay open during repairs, business interruption insurance can help cover financial losses. It can cover your employee payroll, taxes, operating expenses, debt repayment, and sometimes the cost of a temporary location. Many business owners used business interruption insurance during the height of the Covid-19 pandemic when they had to close their doors.

The Financial Stress Score Norms calculate an average score and percentile for similar firms. The norms benchmark where a business stands. This is in relation to its closest business peers.

It is a comparison to other businesses. The percentile contains a Financial Stress National Percentile. The Financial Stress National Percentile reflects the relative ranking of a company among all scorable companies in D&B’s file. It also contains a Financial Stress Score. The report indicates the chance of failure with a particular score.

Fundability, or the ability of your business to get funding, affects everyday business operations. Since your personal credit affect business fundability, it also affect how you run your business day-to-day. Here’s what you need to know about it, and what to do to make sure fundability, and everyday operations, are at their peak.

Business permits regulate safety, structure and appearance of the business community. They act as proof that your business follows certain laws and ordinances. Requirements vary by jurisdiction, and failure to comply often results in fines or even having your business shut down.

Brex is a great tool for managing business finances, but it isn’t an all in one solution. If you want to build business credit or get additional funding, you are going to need a Brex alternative.

The SBSS score is becoming more and more popular with lenders. This could be a good thing, or it could be a bad thing. It depends. To be safe, you need to understand where the score comes from and how to make sure it is always a good thing for your business.