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Best Small Business Credit Cards for Bad Credit Risks

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Small Business Credit Cards for Bad Credit

Looking for a business credit card but can’t get approved because of bad personal credit?

Are you having a tough time rebuilding or repairing your company’s credit history? best small business credit cards for bad credit

The good news is this post will provide you the answer to these two very important questions. First of all, if you have low FICO® Scores you’ve probably heard me mention using a business credit partner to obtain unsecured business credit lines. However, not everyone can secure a credit partner so what other options are there?

Secondly, if you have several blemishes on your company’s business credit report there are several steps you can take to repair your business credit. But what can you do to rebuild a positive payment history for your business?
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Establish Business Credit Fast in 5 Simple Steps

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Establish Business Credit Fast

Why don’t more small business owners establish credit for their businesses?

The likely answer is because many don’t know how to get started and where to find the right credit sources. We all pretty much know how personal credit works and what it takes to build positive FICO® scores. establish business credit fast

The good news is the process of getting business credit is not all that different from building your personal credit. In today’s post we’re going to cut to the chase and simplify the business credit building process in five easy steps.

Step 1

Set up a formal legal structure for your business – Most small business owners start out as a sole proprietorship but the benefits of converting to a formal structure such as a limited liability company or corporation has many advantages. First, it formally separates you from your business which is one of the staples to building business credit. It’s about separation between you and your business both from a liability and financial standpoint.
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Fast and Easy Credit Lines and Business Loans for Dentists

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Business Loans for Dentists

Are you planning to expand or relocate your dental practice?

Do you need to upgrade equipment, systems or technology? business loans for dentists

Nothing will cripple a thriving dental practice faster than having cash flow problems. If you need a business loan or line of credit for your dental practice to fund cash flow, hire additional staff, or obtain new equipment then this post is for you.

The good news for over 90,000 dentists across the U.S. is there are a variety of funding options available that even cater to specific challenges that many dentists may be facing today.
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Dun & Bradstreet Update: Big News, Big Data, Big Teamup

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Dun & Bradstreet Update

On April 27th, 2015 Dun & Bradstreet announced that it will be acquiring Dun & Bradstreet Credibility Corporation for $320 million in cash plus an earnout of up to $30 million if certain performance milestones are met through 2018. The transaction has been approved by both boards of directors and is expected to close during May of 2015, pending regulatory approval. dun & bradstreet update

This is big news for the business credit industry. “Dun & Bradstreet has the largest commercial database, and with this combination will add a valuable patent portfolio and technology intended to fuel future product development that serves the needs of companies of all sizes,” said Jeff Stibel, Chairman and CEO, Dun & Bradstreet Credibility Corporation. “By combining two highly successful and complementary teams within one global company, we will create significant value for our customers.”

If you’re not familiar with how the purchase all came about in the first place let’s do a quick recap. Back in 2010 Dun & Bradstreet divested its Self-Awareness Solutions business to Dun & Bradstreet Credibility Corporation and entered into a data license partnership.
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Do Business Credit Cards Affect Personal Credit?

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Do Business Credit Cards Affect Personal Credit

Did you know that out of all the business credit cards available in the marketplace a small percentage report only to the business credit reporting agencies?

The good news is not all business credit cards impact your personal credit. If a card issuer only reports your credit limit, spending, revolving debt and payment history to a business credit agency then your personal credit will not be affected. do business credit cards affect personal credit

This is especially useful when making large business purchases using your business credit card. As you know credit utilization is one of the major factors that impact your FICO® scores. In my opinion, to completely separate business reporting from personal reporting, business owners should only use business credit cards that report solely to the business credit agencies.

The fact is credit card issuers have different policies when it comes to credit reporting. Now keep in mind the majority of business credit cards will require a personal guarantor so in the event that the business defaults on its payment obligations the guarantor will be ultimately responsible.
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