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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
How do I get a business loan based only on the business credit?
Most, and perhaps all, business lenders to small businesses will require a personal guarantee and consider the credit of the guarantor.
If the business has an unencumbered asset that is significantly more valuable than the loan you request, and you are willing to use it as collateral, an asset-based loan is a possibility.
If you are willing to pay higher interest rates, you may be able to find hard-money lenders (other than banks and credit unions) who are willing to lend without a personal guarantee. Expect to pay much higher rates for alternative types of financing.
In the US a stock broker is actually a salesperson who works for a company that buys and sells financial securities in stock and bond markets. Other financial instruments can be options or commodity futures. The job of a stock broker in the US is to give advice to clients that wish to participate in the financial markets. The salesperson makes money by earning a fee from his company with each trade his or her client makes. The term "broker" is misleading in that the actual buying and selling of stocks for example, are done by traders on the floors of various stock markets.
What does a Dun Bradstreet rating of 5 mean?
There are a few different ratings that appear on a Dun & Bradstreet Credit Report. Depending on the section of the D& B® Credit Report in question, a 5 could indicate a business has a high likelihood of delinquency, high likelihood of financial stress, or, if the company is a supplier, a moderate likelihood of shutdown in a 12-month outlook.
Why not create a profile with Dunn Bradstreet when establishing business credit?
In order to establish business credit, it is important to register for a D&B D-U-N-S® Number and monitor your D&B® credit ratings. Many lenders require a D-U-N-S Number on a loan application, therefore without establishing your D&B credit profile you may decrease your chances of getting a business loan.
How do you get business credit?
Business credit - is usually granted by being swift with payments for goods or services. Once a business sees a pattern of regular, prompt payments - they can consider you a 'safe risk' for a line od credit. Once granted - you should use the credit wisely. Never let the 'grace' period expire - as it will affect your credit score.
