knowledge

Most business owners do not understand how important it is to have a business banking account. It affects not only business credit, but overall fundability as well. There are some good options out there, and we can help you find the best one for your business.

This blog may contain affiliate links that might result in Credit Suite receiving a commission if you use them. This has no impact on the price you are charged for the product or service. How to Get Your Business Credit Card Off Your Personal Credit Profile If you have a business credit card, you probably

Including 3 Surprising Things Other than Tax on Business Credit Card Rewards that May Impact Your Taxes When choosing a credit card, whether personal or business, there are several factors to compare.  Interest rate is probably the one most consumers consider first, followed closely by credit limit, and then rewards.  Throw an annual fee in

What Is Experian Credit for Business? Do you know about Experian credit for business? Dun & Bradstreet is the primary company used to evaluate business credit. In addition, they issue a credit score known as PAYDEX. But there are also other companies that provide similar credit evaluation services to businesses based on their independent databases.

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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.

The term in question, business tradelines, simply refers to accounts that report your payments to the business credit reporting agencies, or CRAs.  That could be vendor accounts, business credit cards, or a select few other things. Most often the term refers to vendor accounts. 

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.

Your Experian financial profile can have a profound affect on the fundability of your business. This means, you need to know what is on it. If you don’t know what lenders are seeing, you are going in blind. We can help you figure out how it affects fundability, where the information comes from, and what to do if what’s on your profile isn’t great.

The Small Business Reorganization Act of 2019 enacted a new subchapter V of Chapter 11. The act went into effect as of February 20, 2020. This subchapter of Chapter 11 seems to favor the side of the applicant for business bankruptcy. But it only applies if the applicant wants it to apply.