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6 DO’S AND DON’TS OF SHORT-TERM LOANS Short-term loans, also known as cash advances, can be a quick and simple way to get access to funds on short notice. Millions of Americans find this form of credit helpful, but it is expensive and should be used responsibly. Abusing these types of loans can leave you… Read more »
Why It’s Important to Build Business Credit because your ability to build a positive business credit history reflects your past payment habits and future borrowing potential. Begin building your credit history by taking steps to formally set up your business, opening business accounts and slowly transitioning to making payments with credit and taking loans when necessary. Taking the First Steps Establishing a business credit history requires defining your business, which separates your… Read more »
How Does Credit Card Stacking Work? Credit card stacking lets you use multiple credit cards to finance your business. Lenders don’t call credit card stacking by its name because most people have a negative perception about credit cards. Instead, you might see it referred to as an “unsecured business credit line for startups” or “FICO… Read more »
When you need some money to start, build, or grow your business, you’ll want to know the differences between business loans and business lines of credit. Knowing the differences will help you make the best decision about what is best for you and your company at the moment you need capital. Here are 8 ways… Read more »