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Getting a Loan When Your Business Partner has Bad Credit

25 Aug, 2016 / Comments:Comments Off on Getting a Loan When Your Business Partner has Bad Credit / By William Mahnic

Choosing the right business partner can make or break your business. Not only do you want someone that is dependable and invested in the business, you want someone that has good credit so your company can continue to grow. Unfortunately, this is not always the case; it is kind of like having your cake and eating it too. If you found the best business partner because of his business knowledge and expertise, but his credit is far from perfect, there are ways to still get the loans you need without

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7 Apps Small Business Owners Must Have

18 Aug, 2016 / Comments:Comments Off on 7 Apps Small Business Owners Must Have / By William Mahnic

When it comes to running your business, there are always problems to solve and new tasks to complete. Whether you are paying employees or charging customers, staying organized and efficient is easier when using a helpful mobile or desktop application. Owners are now able to enhance their workflow with apps that enable the charting of new ideas, enhancing communications, and improving customer service. Here are the top seven apps small business owners must have.   1. QuickBooks Finances can be

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How to Get a Business Loan after Bankruptcy

11 Aug, 2016 / Comments:Comments Off on How to Get a Business Loan after Bankruptcy / By William Mahnic

Although bankruptcy can be damaging to your credit, it does not signify the end of the road in receiving a business loan. Causing applicants to be left in a constant state of repayment, bankruptcy is often conceived as a financial death sentence. However, bankruptcy only lasts on someone’s credit report for 7-10 years and will often require a far less waiting period before loan acceptance. Also, business loans can operate differently than personal loans or mortgages in the fact that they rely on

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Tips to Help Increase Your Business Credit Score

04 Aug, 2016 / Comments:Comments Off on Tips to Help Increase Your Business Credit Score / By William Mahnic

Business credit scores are not the same thing as consumer credit scores, which means different factors are taken into consideration in order to create them. What works for your personal score might not work for your business score. Here are some tips on how to get your business score up to where lenders want to see it, making you a good risk for certain business loans.   Ask Vendors to Report Your Payments Not all vendors report to business credit reporting agencies. If you make your payments

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