New Prepaid Business Credit Card
Not all businesses can get approved for a line of credit or unsecured business credit card. Whether it’s due to limited credit or negative credit or little to no business credit, a prepaid business credit card offers an ideal solution.
With a pay-as-you-go option, the prepaid business credit card puts every small business on the right path to obtaining an unsecured business line of credit. Best of all, this particular card helps build your business credit.
In today’s post, we share a new prepaid business credit card that reports to Dun & Bradstreet and SBFE (Small Business Financial Exchange).
If you’re not familiar with SBFE, it is a trade association that collects massive amounts of small business payment data. This data is used by its certified vendors which are DUN and Bradstreet, Equifax Small Business, Experian Commercial and LexisNexis Risk Solutions.
So, although, SBFE is not a business credit reporting agency, the business credit reporting agencies use SBFE’s data to create credit risk products such as business credit reports.
How is a prepaid business credit card different from a secured business credit card?
With a secured card you supply a one-time deposit which is used as collateral and sets the credit limit for the card. For example, you provide a security deposit of $500 and your credit limit is set for $500. Your deposit is held as collateral in the event of default.
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