5 Steps on How to Build Business Credit with Bad Personal Credit
It is challenging but not impossible to build business credit if an entrepreneur has bad personal credit. A good credit score can set a business up for success. Even if a business owner has a poor personal credit score, he or she should still try to build up their company’s credit score.
3 Advantages of Balance Sheet
The benefits of a balance sheet assist business owners in having an overview of their income, assets, and liabilities. A balance sheet is necessary for lenders to determine how much money to loan a company.
What is business factoring? What is invoice factoring? Advantages and Disadvantages
Business factoring or invoice factoring is a method for a business to increase cash flow by selling their account receivables at a discount for immediate money.
How to Select an Entity Type For A Business
There are many factors when selecting an entity type for a business. Entrepreneurs should consider control, investors or shareholders, taxation, growth, and future needs.
How to Sell on Facebook Marketplace as a Business
Facebook Marketplace is a business service that lists and sells services and products. The marketplace is free for individuals. Businesses pay a 5% fee on services or products sold.
What does principal mean on a loan?
A loan principal is the amount of money that is borrowed. For example, when a bank approves and loans a person or business $100,000, that $100,000 is the loan principal.
What Is a Delinquent Loan? What Happens When a Loan Becomes Delinquent?
A delinquent loan is when a borrower is late on payments on returning borrowed money. When a loan repayment is late, the loan becomes delinquent.
What is a micropreneur mean?
Some popular types of micropreneurs include Airbnb hosts, bloggers, life coaches, tutors, and photographers.
What Does Dba Stand For in business & When to file a DBA
The acronym DBA stands for “doing business as.” A DBA is a name a business operate under, but not an entity.
Bank Loan Requirements for Business. Documents Commonly Required for Business Loans
This article will explore what an average bank expects from a small business loan applicant. The information provided will help a small business owner determine whether a bank loan is the correct financing option for his or her business.