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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

Can you get credit card for small business after you filed for cap 7?

Yes you can, it may have a higher APR! Business credit and personal credit is measured differently. (2) different profiles. Great way to have work and personal life balance. If you have a business you should keep it separate from your personal credit. It does not affect your debt to income!

What are the 5 steps of improving customer services according to William martins?

Using William Martin's five step process to ustomers satisfaction. Discuss how your organisation can effectively establish mutually beneficial relationships with its customers

What are undistributed corporate profits called?

Undistributed corporate profits are also called IENR i.e. Income earned but nor receieved. These are the profits that shareholders may earn but will not receieve in their salary. Even I just read about it somewhere so I am guessing it is something like the deductions that are made in your salary apart from income tax.. Basically you earn that money on paper but you don't receieve it. A better explanation is welcomed

Where can one get a business credit card?

One can obtain a business credit card in most financial institutes, banks etc. They are commonly used to keep proper record of ones financial statements and in keeping accurate records.

How does one qualify for a business credit card?

Different credit card companies have different requirements for businesses wishing to obtain a credit account. Some credit card companies will require proof of the business's existence, while others will allow you to simply apply using the company's name.

Why is credit important for business and consumers?

Credit is important for both businesses and consumers who are trying to get loans and lines of credit. Without good business or personal credit, you reduce the chances of being granted a business loan at reasonable interest rates.

What is a business credit assessment?

A business credit assessment is a method of calculating the creditworthiness of a business. Most lenders will complete a business credit assessment to determine whether or not to extend a loan.

Where can you get small business credit cards?

There is a large amount of companies that offer small business credit cards, including American Express, Bank of America, Capitol One, Chase, Citi, Discover, First Premier Bank, HSBC Bank, Mastercard and Visa.J&RThe majority of cards offered for small businesses carry no annual fee. The APR differs for each card and ranges anywhere from 4% to 16%.J&RCreditcards.com is a great resource to find the best fit for you. It offers a detailed comparison chart to show the different options and prices available for you to make the best decision based on your financial and small business needs.

Do you have to put down a personal guarantee when you apply for small business credit cards?

Yes you usually have to put down a personal guarantee when you apply for small buiness credit cards. This way they know you will pay back your money and it makes you less of a liability.

Can a business still process credit cards online if the power goes out?

With a lot of work they can, but they may not be up to it. They would need to use the phone system which may not be working either. You would be better off using cash.

Does Chase offer both personal and business credit cards?

As a chase customer I can honestly say yes they do offer both personal & business credit cards and they have a wide variety of personal and business credit cards some have rewards and other special perks.

Do you need to use a business credit card for business expenses?

No, but it makes it much easier to keep track of business expenses for tax filing. Not to mention keeping your personal budget clean.

Is albert panther and associate registerd multinational company?

No. this is not a multinational. It is only fake as it happens in other nations in the world.

A company has its own website, domain (not on gmail, live etc, it has like @uniliver.com) they also have their landline contact number and a fix office!

AND REMEMBER no company in the world will take you without in person face to face interview! And they never demand money before selection, if they are not government owned institutes or organizations OR ISO CERTIFIED private organizations,

May God curse them.

Written by a 25 years old University lecturer in Pakistan

Who is the industry leader in business credit?

In a March 1999 issue, American Banker listed the top 10 finance companies based on commercial receivables and total receivables for 1998. Atop both lists was General Electric Capital Services of Stamford, Connecticut,

How long does it take to obtain business credit after receiving a duns number?

A Dun's number does not get you credit. When you request your duns number all you have actually done is to create a credit file (possibly a blank file) for your business venture in DNB's data base. You will then need to have creditors start reporting your account history to DNB to build the file.

As with your personal credit, you will need to build your business credit as well. Obtain a small loan and or a business credit card and maintain a good payment history. A good rule of thumb also is to NOT be in debt more than 25% of your total available credit lines. This shows a creditor that you know how to handle your credit.

Just use your common sense, apply the same rules as you would for your personal credit and you will soon find your business credit worthiness growing by leaps and bounds.

Answer

A regular, non-expedited D&B D-U-N-S® Number can take up to 30-days to be issued. It is important to understand that business credit does not come automatically with a D&B D-U-N-S Number. Business credit can be improved by demonstrating positive payment history, steady cash flow, trade references, and other gauges of credibility on a business's credit profile.

What is the difference between a holding company a conglomerates company and a multinational company?

A holding company primarily exists to own shares in other companies, allowing it to control them without engaging directly in their operations. A conglomerate is a large corporation that owns a diverse range of businesses across different industries, often to mitigate risk and enhance profitability. A multinational company operates in multiple countries, conducting business and managing production or services across various national borders. While a holding company may be part of a conglomerate, and a multinational can be a conglomerate, each serves distinct functions in the business landscape.