Get Higher Credit Limit Cards through Strategic App Placement

October 18, 2016 By Marco Carbajo

Get Higher Credit Limit Cards

When it comes to credit cards, applying for either business or personal cards involves preparation, especially if you want to maximize the size of the credit limits you get approved for. Did you know a few mistakes – some of them you may not be aware of – can hurt your chances for getting approved?

Let’s first talk about inquiries.

You may already know that there are two kinds of inquiries that can occur on your credit report: hard inquiries and soft inquiries. A credit card issuer will check your credit report when you submit an application which triggers a hard inquiry on your report.
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Why Build My Business Credit?

September 21, 2016 By Marco Carbajo

Why Build My Business Credit

Although the lending market is always changing and evolving the one thing that is constant is business credit.

In a recent interview with Franchise Gator I answered a few questions about the importance of building business credit. Here are some of the highlights from that interview.

What are the most important lessons you’ve learned in your career about funding a business venture?

“An important lesson I’ve learned is the power of business credit and the leverage it provides. The stronger the credit you have both personally and for business, the more options you have and the better the terms and rates you’ll receive.”

To add to that, remember there are funding programs that look at factors other than personal credit alone such as revenues, outstanding invoices, purchase orders, business assets, etc.
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Business Credit Reporting 101: How Business Credit Reports Get Created

August 30, 2016 By Marco Carbajo

Business Credit Reporting

Why doesn’t my company have a business credit report?

This is one of the most common questions I get asked on a regular basis so what better way to address it then on today’s blog post.

Now whether you’re a startup or existing business, I’m sure you’ll agree that having a company credit file is the key to maximizing your funding potential. The fact is, with no established business credit reports; banks and other lenders will base a large part of their lending decision on your personal credit.

So let’s go over how business credit reporting works and how the business credit agencies (Dun & Bradstreet, Experian Business, Equifax Small Business, Paynet, etc.) collect and report information on businesses and why there may be nothing reporting on yours. It’s important to remember, these agencies are in the business of collecting data on individual businesses and selling that data in a compiled format known as a business credit report.
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The Growth of Online Small Business Funding

August 9, 2016 By Marco Carbajo

Online Small Business Funding

Just two years ago, in 2014, online lenders earned 7 times more than they did a mere four years earlier. Further, these technologically-based lenders offered their clients over $12 billion in credit. However, this industry is doing more than just growing – it is rapidly changing in ways that seek to make lending easier, faster, more diverse and more affordable for small business owners.

More Data Integration

Data is the cornerstone of online lending, and, arguably, it’s the reason these lenders can offer business loans with greater frequency than traditional banks. However, the amount of data that online lenders can leverage is growing by the day. Using an automated process that is backed by complicated algorithms, lenders look at a range of information related to applicants. This information includes anything and everything, from PayPal deposits to average daily bank balances to reviews on social media sites or comments on Etsy.
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Do You Know the Brexit Impact on Business? D&B’s Effort to Help You

July 12, 2016 By Marco Carbajo

Brexit Impact on Business

With the recent news of Britain’s decision to exit the European Union, many businesses are asking how the Brexit outcome could impact their own business. Dun & Bradstreet, one of the major business credit reporting agencies, understands that business owners like you may have concerns about the financial, regulatory, and tax changes that may occur as a result of this decision, and how it could impact your own business.

In an effort to help identify the Brexit impact on a business that doesn’t currently use one of Dun & Bradstreet’s risk solutions, D&B is providing free access to their business credit reports for a limited time.

From now until July 31, 2016, a business can access D&B® business credit reports, D&B scores and ratings, on companies in the United States, UK and Canada at no charge. By the way, there is no credit card or other financial obligation required to take advantage of this offer.
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