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8 Steps to Building Your Business Credit

Strategy Driven

One of the biggest issues facing small and medium businesses is financing. And the ability to secure finance is often directly related to the business’s credit score. However, there are some things any new small business owner can do to boost their credit and get access to more financing options. Get a DUNS Number.

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8 Steps to Building Your Business Credit

Strategy Driven

One of the biggest issues facing small and medium businesses is financing. And the ability to secure finance is often directly related to the business’s credit score. However, there are some things any new small business owner can do to boost their credit and get access to more financing options. Get a DUNS Number.

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The 5 Easiest Ways to Build Business Credit

Women on Business

Not only does it make your personal finances vulnerable, but business credit is a much more powerful tool professionally than personal credit. 2- Get a business bank account – Banks prefer to provide a business line of credit to a company that has a positive financial track record.

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How to Accept Credit Cards at Your Small Business

Strategy Driven

If you only accept cash payments, you’ve got to get that cash to the bank somehow and keep it in your store throughout the day. If someone breaks in or tries to take your cash when you’re on your way to the bank, you could end up losing a small fortune. That means you’re opening yourself up to a lot more risk.

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How to Build Business Credit Speedily in 14 Painless Steps

Miles Anthony Smith

” Each of the 3 major business credit bureaus collects data and produces its own credit reports and will typically provide credit scores along with the reports they provide: Equifax Business Experian Business Dun & Bradstreet (D&B) Each of the credit bureaus uses different algorithms and presentation styles for its own scoring systems.

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Use Data to Fix the Small Business Lending Gap

Harvard Business Review

In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application. And they are allowing new sources of capital such as peer-to-peer lending to replace traditional bank capital.

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Use Data to Fix the Small Business Lending Gap

Harvard Business Review

In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application. And they are allowing new sources of capital such as peer-to-peer lending to replace traditional bank capital.