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Archives for September 2014

Business Credit Partners: Answers to Your Most Pressing Questions

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Business Credit Partners

In recent posts we covered quite a bit of ground surrounding unsecured business credit lines. We went over the benefits, did comparisons, and reviewed what it takes to qualify. Unfortunately, many business owners find that their personal credit is not sufficient to qualify for these particular business credit lines. business credit partners

The good news is you can bring on a new business credit partner with good personal credit to qualify for unsecured business lines of credit. In today’s post we will answer your most pressing questions on using a credit partner to get funding.
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Attention Business Owners: Best Practices for Using Credit Cards

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Business Best Practices Credit Cards

One of the challenges facing business owners in America today is the lack of business credit education. An area of particular interest is in the proper use of credit cards. business best practices credit cards

According to Tower Group’s recent report, more than two-thirds of business owners use credit cards for business, but of those only about 40% are putting the charges on business credit cards. That leaves 60% of business owners putting themselves at risk for personal liability and placing their personal credit and personal assets at risk.

I developed this guide as a helpful tool for business owners like you who plan to or are using credit cards for your business, to provide insight into an ever changing industry, and show how these best practices can provide much greater risk management, record keeping, personal credit protection, cost savings, and credit capacity for your business.
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UCC Financing Statement: Is One Filed Against Your Business?

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UCC Financing Statement

In the past several posts we talked about deciphering your Equifax Small Business Report, Experian Business Report and Dun & Bradstreet Report. We broke down the various groups of data that make up your company’s credit report with public filings being one of them. ucc financing statement

Public filings include records such as bankruptcies, liens, lawsuits, judgments and UCC statements. All of these types of public record information are gathered by the business credit reporting agencies from multiple sources across the entire country including federal bankruptcy courts.

In today’s post let’s review one particular public record known as the Uniform Commercial Code (UCC) statement also known as the UCC Financing Statement.

The UCC Financing Statement which, also known as a UCC-1 Form, is a legal document a creditor files with the state where the debtor/borrower is located to secure their interest in collateral from the borrower until payment is received in full. It also provides legal title to the asset listed if a debtor is unable to meet its financial obligation.

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Unsecured Business Credit Lines vs Business Credit Cards

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Unsecured Business Credit Lines

In a previous post we talked about the benefits of using our unsecured business credit lines. Now I have to say this definitely was a very popular post that generated quite a bit of questions and conversations so I thought it would be a good idea to cover this in today’s blog post. unsecured business credit lines

Now for all you credit savvy business owners I’m sure we can all agree that access to unsecured credit lines that protect your personal credit while building business credit is the optimal choice.

In a previous post we compared our unsecured business credit lines with traditional business lines of credit, we covered the benefits, how to qualify and where to apply.

In this post I wanted to compare our unsecured business lines of credit with traditional business credit cards. Although each client that qualifies for our business credit lines gets issued a business credit card that carries either the Visa® or MasterCard® logo, there are big differences that need to be pointed out.
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