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Business Credit

Business credit is based on a business’ capacity to pay back debt. A business proves this capacity through its payment history. Business credit can be used to obtain everything from office furniture to employees’ uniforms.

355 Questions

What is PAD in terms of Letter of credit and how do you cancel it?

PAD stands for Pre-Authorized Debit. To cancel PAD, follow the procedure outlined in your payer's PAD agreement or write to the biller to notify him of the cancellation and keep a record of the cancellation notification.

Example of a civil lawsuit respond letter?

If you have been served with a civil lawsuit, you will need to file a pleading called an Answer, where you answer each individual allegation, plead any affirmative defenses, and assert any counterclaims. A letter is not sufficient, and will not avoid a default judgment.

Does surviving spouse have to pay line of credit from husband's business?

If a surviving spouse inherited the husbands's business, then the debits come with it. That's a general answer, but it has a solid basis in law. A strong suggestion in situations like this is to trade places with the other party. In this case, it's the institution extending the line of credit. Let's switch out and see what happens. You extend a line of credit to someone. They pass on and their spouse takes over the business. It's unfortunate for those parties, but you do not give up your expectation that you will be repaid for extending the line of credit. Why would you? You still have an outstanding collectable account. You are fairly owed the money. Nothing from your point has changed. Neither has it from the institution extending the line of credit to your late spouse's business. State laws vary as regards the transfer of assets, but the general answer remains the same. With the assets come the debits. Take all of the balance sheet (both the black and red ink) or take none. If time will help with working things out, write and ask for it explaining the circumstances. How much better a reason than the one cited for needing an extension to balance the books? Get help if you need it. Ask around among friends or other family for a referral. Some accounting firms do pro bono work, and not just attorneys. The more time that slips by without any action, the more difficult a less-than-ideal situation becomes. Most sincere condolences. And very best of luck sorting things out.

What risks are associated with a catecholamine test?

Risks for the blood test are minimal, but may include slight bleeding from the venipuncture site, fainting or feeling lightheaded after blood is drawn, or blood accumulating under the puncture site (hematoma).

Can you get business credit under LC?

Business Credit is for your business only. Most small business owners make the big mistake to utilize their personal credit to fund their business expenses. You need business credit to properly and profitably run your business. Learn more here. http://goo.gl/N7XmKo

Did anyone used the company Corporate Credit Concepts to build business credit without using your personal social security number?

Yes, I used this company. This company is another online scam company. I filed a complaint to the Southern Nevada BBB where there are 5 other complaints for "Deceptive Advertising" on the Money-Back Issue. I also filed a complaint with the Washington State Attorney Generals Office.

What are the limitations of the weighted average cost of capital?

One limitation of the weighted average cost of capital is that a firm may possibly end up having a negative Net Present value. This occurs if the weighted average cost of capital gives a discount rate that is too low.

What are the attributes of good money?

attributes/characteristics/features of money:

-Must be durable

-acceptable

-portable

-divisible

-homogeneous

-identifiable

-retaining value, so has to be scarce

Dun and bradstreet competitors?

According to Hoovers, the top 3 competitors for D&B are Experian, Equifax and InfoGroup. D&B however, is the one of the world's leading suppliers of business information and research. Its global database contains commercial data on over 220 million companies and holds the largest volume of business-credit information in the world.

Does having an automated teller machine affects the business credit card processing?

Having an automated teller machines really affects the business credit card processing,because through ATM people will just withdraw an amount to pay directly what they got and they have a control everytime they want to buy something because they know that they will pay it with cash and not to be charge in credit cards.Finally, improper use of credit cards can be a big risk.

Can you really establish a good business credit without personal guarantee?

Yes you can, but if your a new business, it's going to be very difficult without a personal guarantee. Most creditors are going to require that you personally guarantee a loan or credit line. After you've been in business for a while and have a good business credit history on file, then you will be able to obtain some credit financing without a personal guarantee. In general though even well established businesses, especially small businesses are always going to require that personal guarantee regardless of how good your business credit history may be.

Answer

Yes, and you should establish good business credit separate from personal credit to reduce personal risk. A D&B D-U-N-S® Number and an EIN (tax identification number), both issued for free, are two business identification numbers that can be used to establish good business credit separate from personal credit.

What is the highest interest rate allowable for a private personal loan in Texas?

In TEXAS, interest does not begin to be calculated until 30 days after an account was due. The judgment rate of interest is 18% or the rate in the specific contract, whichever is less. There are other specific ceilings for different types of loans, you should contact an attorney in Texas for more information.

What questions can you legally ask a bank or business when checking credit references?

In order for the bank to legally answer your questions you would have to have a document signed by the person in question stating that the bank can realease that information to you. The information that is usually asked for includes; average account balances, how long accounts have been open, overdrafts, times late on loans, high credit limit and things like this.

What does a stock broker do?

a broker buys and sells stocks for their clients. They get paid commissions for doing this. It s kinda like being realestate agent, the broker is the middle man between 2 investors those that want to buy and those that want to sell.

broker dealers also have their own "book", apart from buying/selling on clients behalf they can buy/sell for their own position.

What insurance license is needed to sell business credit insurance in Georgia?

You will need a property and casualty license. Now, after saying that ... you should check with the Georgia Insurance Commissioner. I nave been licensed to sell business credit insurance in 5 different states - they all required property and casualty licenses. In most cases very few people knew what business credit insurance is.

Be very careful to specify that you are wanting a license to sell Business credit insurance (as apposed to consumer credit insurance e.i credit life insurance).

Why work for merrill lynch?

Merrill Lynch is a large corporation that has been around a long time. They have a good track record and there is much room for advancement. There are a variety of positions and it is easy to transfer from state to state.

What is factoring in business?

In business factoring refers to a transaction in which invoices or accounts receivable are sold for immediate payment generally to improve cash flow. Today the term "factoring" is used almost synonymously with invoice discounting, accounts receivable finance and all of their nuances.