When it comes to credit reports, business owners check the company info & financial data found in their business credit profile for accuracy. Unlike a personal credit report that requires your permission to view, a business credit report and the comprehensive business data found within are accessible to anyone willing to pay for it. Credit &
To understand your business credit profile and maintain a good business credit score you need to know all the major business credit bureaus. While Dun & Bradstreet, Experian, and Equifax dont offer free business credit reports, Creditsafe does, as does Nav.com in the form of business credit grades. Credit Bureaus To build business credit data &
Alternative business financing, small business loans, and commercial real estate loans are now available for cannabis business owners in several states. A few non-traditional lenders also offer inventory financing customized cannabis business funding solutions for those with a limited credit history. Financing What is cannabis financing? Within the alternative lender system, several companies specialize in &
Compare multiple business checking accounts to find the best bank for small business owners with no monthly fees and small opening deposits. Most low or no-fee checking account offers are from online banks. If you need branch location services for cash deposits, then consider carrying a minimum balance to avoid the maintenance fee. Best Banks &
The main difference between an S corporation and C corporations is that a pass-through entity can remove double taxation on shareholders. By choosing your business structure and corporation status wisely you adjust how you pay taxes to the Internal Revenue Service. Corporations Corporations are commercial entities created through Articles of Incorporation, according to specific state &
Minimize personal liability by applying for No PG business credit cards with a high credit limit, and even earn rewards with poor credit. Many small business owners can get approved for a corporate charge card without a personal guarantee, while nonprofits and large businesses with at least a million in annual sales revenues can choose &
The minimum credit score requirement for Kabbage loans is 640 which puts them in line with many competitors like OnDeck, Fundbox, and Funding Circle. Like their competitors, they have further requirements for time in business, business revenue, and an active business bank account. Eligibility Kabbage loans is a financing system that mainly focuses on small &
Get same-day funding for small business loans and credit lines. OnDeck interest rates are steep, but Better Business Bureau reviews say theyre honest about it. The OnDeck loan agreement requires you to have a 600 FICO,$100k in revenues, and a business bank account. Why OnDeck If your business needs money fast, and no one else &
While originally developed for federal government agencies, business classification system SIC codes are now also used by credit reporting agencies. So, be not shoot yourself in the foot by choosing a high-risk SIC code when registering your business. Usage When extending credit, financial institutions like banks and alternative lenders use SIC codes to quickly determine &