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Reasons Why Business Loan Appl ...

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The most recent Small Business Lending Index from Biz2Credit reports that 82.4% of all small-business loan applications received by big banks are denied. The numbers are considerably higher for small banks, credit unions, and alternative lenders, but they turn away plenty of applicants as well. So why are so many ...

The Vulnerabilities of Busines ...

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For small-business owners, having a dedicated business credit card is a necessity. Business credit cards facilitate the building of business credit ratings, allow for easy record-keeping, and help small-business owners monitor and control their expenses. That being said, credit cards intended for business use are ...

Which Factors Impact Your Busi ...

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Every small-business owner knows that their business credit score affects their ability to take out a business loan, but that’s not the only reason building solid credit should be a priority. Good business credit enhances a business’s reputation, improves its capacity to manage cash flow, and serves as a ...

How to Successfully Decrease a ...

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Reducing the Amount You Can Borrow May Help Make Financial Management Easier A revolving line of credit can be a valuable asset for a small business. But, in some cases, a lender may grant more credit than the borrower is comfortable having. Having access to so much easily-attainable cash may be too tempting for the ...

How Unethical Behavior in the ...

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5 Examples of Unethical Business Behavior When a business or someone within the business displays unethical behavior, it can have a long-standing impact on the company’s reputation, credibility, and ultimately, its business credit. Ethics in business, as in everyday life, is based on the recognition of certain ...

Securing a Loan With Less-Than ...

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Bad Credit? No problem! The small-business lending landscape has been steadily improving for more than a year, but challenges still remain for business owners with less-than-stellar credit. The financial collapse of 2008 created shockwaves that are still disrupting the small-business lending landscape. Financial ...

Better Safe Than Sorry: Why Yo ...

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First things first: It is important to acknowledge that would-be entrepreneurs often go into business without any savings, depending entirely upon cash loans from friends, banks, or the SBA. Somewhat naively, these business owners expect to be able to start paying down their loans immediately with profits. What these ...

Small Businesses Still Reeling ...

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Small-Business Loans Still Few and Far Between While banks are reporting improved earnings and a double-digit uptick in profits from business lending, small-business owners are not feeling the love. For the first time since the financial crisis began, banks and financial institutions are lending more than they did in ...

Think You Don’t Need Cre ...

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Some business owners rely on their personal credit for business financing, but the ones who take their business’s credibility and financial viability really seriously work to build business credit. Having excellent business credit prepares a business for just about anything. Expansion, research and development, ...

Building Business Credit Strat ...

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Strategy is defined as “a plan of action or policy designed to achieve a major or overall aim.” In the case of building business credit, the major aim is to provide the business with financial flexibility and affordable access to capital, while shielding the business owner’s personal assets from ...