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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

Distinguish between a holding company a conglomerate and a multinational company?

Typically if a company is one it's the othere two as well but they don't have to be all of them. A holding company is a company that owns part of the stocks in another company, while conglomerates are multiple companies that have become fully fused together. multinational just means the company is based in multiple nations

A job of an auditor is?

Their job is to basically look at all your financial records, transactions, payments making sure theyre all valid and legitimate.

Small business credit no personal paydex 80?

The D&B PAYDEX® uses a 1 to 100 scale to measure a company's payment performance. Generally, scores of 80 and above are considered to be low risk and have the potential to increase a company's credibility to creditors without taking personal credit into account.

Why did banks have to close in the 1920?

Banks in the 1920s faced significant challenges, including over-speculation in the stock market, which led to financial instability. Many banks had invested heavily in stocks, and when the market crashed in 1929, they suffered enormous losses. Additionally, a lack of federal insurance and regulation meant that once depositors lost confidence, they rushed to withdraw their funds, leading to bank runs and ultimately closures. This contributed to the onset of the Great Depression, which saw thousands of banks fail.

How old do you have to have an ATM card?

There are no laws, that I'm aware of, that cover this. It is strictly a business/banking/parental decision. If you are old enough to have your own account and the bank wishes to issue you an ATM card, it is up to them whether to issue one to you or not. If your parents wish you to have an ATM that can draw against their account, then that is up to them.

Where can you run business credit for free?

Running your business credit report is free. You would need to contact DNB and request a Duns Number and an Eupdate password. Then you can go to http://eupdate.dnb.com and login and check your own report. I will warn you though, if you have not checked it before, or proactively tried to get vendors to report, chances are you do not have a strong business credit score because business credit is not automatic like personal credit. Only certain vendors report.

How can you find out your business credit report in Canada?

Dun & Bradstreet Credibility Corp. offers both a comprehensive report and a business information report for companies located in Canada.

What bank offers Secured Business Credit Cards right now?

Most of your banks offer it. I did a quick Google search and http://www.findsecuredcards.com shows a few major banks such as Applied Bank, as well as Public Bank offer a secured credit card.

If you need to, check with your local bank to see if they have one as well.

What is the definition of greenback?

paper currency issued by the federal government during the civil war

How does sn funding trust scam work?

I received a large check by mail. I was instructed to cash it and send 90% of it back to some man by western union. This is a crazy scam that people are actually getting caught up in. How do I report it?

What are the disadvantages or scams dealing with a ICPO in finance?

ICPO's are often requested by legitmate suppliers to commit you to purchase a product and prove you have the funds. However, ICPOs can be used by scammers who do not have a product in their hand. They take your ICPO and if you're lucky will use it in a "fishing trip" trying to find your product from some other supplier. You are tied down with your bank, because you have commited that money to be spent with them. The validity of the ICPO should be as short as you can get away with, so that the scammers can't make use of it as some financial instrument to be negotiated on the money market.

What is the comparison between business plan and feasibility study?

Project feasibility study is required to make a decision whether the project proposal is technically and economically feasible? After finilisation of the project feasibilty report by the experts (technical & economical), the decision for going ahead for preparation of Detailed Project Report (DPR) for the project proposal. The answer is not detaial enough. key salient differences was not highlighted.

What is modified MPBF system in Indian context?

MPBF stands for Maximum Permissible Banking Finance in Indian Banking Sector. MPBF guidelines were suggested in Tandon commettee which were being followed by Indian Banks with lot of stringency. Corporates faced lot of problem in getting Finance from banks on account of stringency of the norms and they had to resort to other sources of finance at a higher cost these norms were dissolved. Consequently SBI, India's largest bank came out with its own guidelines which were on the similar lines but with relaxed norms which are being followed by all banks with slight personalisation and referred to as modified MPBF System in Indian context.

What vendor approves business credit with no personal guarantee?

Most vendors will not approve business credit without assessing the business's credibility or likelihood of repayment. If the business is new, it is hard to demonstrate credibility without a personal guarantee, but by showing positive business payment history and steady cash flow, you will increase your likelihood of having business credit approved without a personal guarantee. One of the best ways to start this process is by registering for a D&B D-U-N-S® Number, a unique, 9-digit identification number that can be used in place of a social security number on business credit applications.

What is mercantile credit?

Mercantile credit differs from the consumer credit. Mercantile credit indicates the financial aspect in which the credit is extended by one business to the other. This has been followed up by most of the businesses to ensure a better and long run of the concern.

Is there a list of Multinational Companies in the UK?

Too long to list here there is a list of multinational companies in almost every country, visit (paid and commercial) businessmonitor.com/companies