knowledge

D&B data is only as good as how complete it is. D&B constantly gathers data. It works to improve its analyses to assure the greatest degree of accuracy possible. To ensure as accurate a report as possible, give D&B your company’s current financial statements.

A virtual business address is when you pay for a separate address for your company. But, for the most part, you don’t do business there.

Your business plan should be professional in both appearance and content.  If you are using your plan to apply for a loan, do not just fill out the business plan questions on a loan application.  Take the time to put together a well written and well-designed business plan.

Lenders are likely to ask for a number of financial statements and documents when underwriting a loan. Understanding these statements and what they say about your business can help you be better prepared help you make better business decisions.

It is imperative that every business have a separate business bank account for a number of reasons, including:
Easier separate of business transactions from personal
Enhanced features designed to help businesses grow and thrive
Many lenders and credit providers will not extend credit or approve a loan without a separate business checking account.

The Internal Revenue Service wants to be able to collect business taxes from your business. This nine digit number makes it possible for the IRS to match an official return to a business. To be able to prepare tax returns, you’ll need an official EIN. And tax returns can be a requirement for getting financing. Fortunately, you can apply for this vital number online.