The hard truth is that business credit cards can affect your personal credit. Let’s take a closer look at how it could occur and what you can do to keep your score in good standing. How Business Credit Cards Affect Your Personal Credit 1. Applications Give a Hard Inquiry In short: soft credit pulls do
Your business is its own entity with its own finances. While many may be focused solely on business income, there’s another area to consider: business credit. What Is Business Credit? Much like you have a personal credit score that determines your ability to get a loan, so too does your business. Business credit provides lenders
Most prospective business owners know you’re not supposed to mix personal and business finances. But for many, understanding which things you should not and cannot do can make all the difference. Is it illegal to use a business credit card for personal use? No, but here’s why you shouldn’t do it. Is It Illegal to
Every business requires capital in order to scale its operations. Every business also has multiple financing choices to secure this capital. Are you currently in the process of weighing your financing options? If so, let’s look at debt vs equity financing, their pros and cons, and which is the best choice for your business. What
Most know that personal credit scores affect your ability to get a loan or rent an apartment. But some may not know that businesses have credit scores as well. Navigating today’s business landscape relies on having excellent, all-around credit. Many businesses rely upon their credit to secure financing as they scale. Whether you need a
Your business credit score helps entities like loan issuers determine your trustworthiness in paying back debt. Much like a personal credit score, a business credit score can have significant implications for your business’s future. But how do you monitor this score over time? Whether you need financing or simply want to stay on top of
Good business credit is crucial to running your own business. But what exactly constitutes a good business credit score? How do you know if you’re on track or what to do if you find that your score is lower than it needs to be? In this guide, we’ll take a closer look at the various
