Three Business Credit Myths Debunked
Debunking business credit myths: Business credit isn't the same as personal credit. Learn why mixing them can harm your finances and how to separate them for success.
Read article January 24, 2025
Bank Credit
Bank credit is your business’s borrowing capacity. To build strong credit, maintain a $10,000 balance for three months to qualify for better bank financing.
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3 Big Differences Between Personal Credit Scores and Business Credit Scores
Personal and business credit scores differ in time frames, risk assessments, and scoring ranges. Business scores focus on company obligations, while personal scores reflect individual risk.
Read article The Four C’s of Business Lending
Lenders look for one of the Four Cs to evaluate your business funding options: Cash Flow, Collateral, Business Credit, or Personal Credit. You only need one to qualify for financing.
Read article Funding Sources
Top business funding sources include credit cards, angel investors, asset-based funding, bank loans, equipment leasing, factoring, grants, business lines of credit, and SBA loans.
Read article Business Credit Benefits
Personal and business credit scores differ in risk assessment time frame, what they represent, and their score ranges. Business scores focus on the company's financial behavior, not the owner’s.
Read article The 5 C’s of Business Credit
The 5 Cs of business credit are Character, Capital, Capacity, Collateral, and Conditions. Lenders assess these factors to evaluate your business’s creditworthiness and loan eligibility.
Read article Denied Business Credit?
If your business loan is denied, don't panic. Identify the cause—low profits, poor credit, or insufficient assets. Improve these areas and reapply for a better chance at approval.
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