Business Credit Education
If you want to get the best possible funding for your business, it’s ideal to make sure that you understand how business credit actually works. Use our free library to educate yourself on business credit.
Lender compliance is a series of approval guidelines which lenders have selected as part of their decision making process. Typically these are items that can be easily verified in an automated environment.
Tradelines are an industry term used to describe accounts that appear on your credit reports. Therefore any account that appears on your personal or business credit reports is considered tradeline.
t is a fact that, in today’s economy, your business needs all the help it can get to obtain the financing you need to grow and succeed.
When your business becomes bankable that means you have separated personal credit from business credit and established a business entity that can stand on its’ own for financing.
If you own a small business that has a value of five million dollars or less, then the valuation of your business will most likely be based your Seller’s Discretionary Earnings (SDE) which is also called Owner’s Discretionary Earnings.
The business owner has no clue as to where that information came from. Business owners who have already claimed their listings at sites like Google and Yelp continue to see incorrect information displayed and more likely than not do not know how or even where to start to fix it.
Your online reputation is a very important part of your business that needs to be closely monitored.
If you fail to manage your reputation it is likely that people may post negative reviews that will then impact the decisions of other people whether to become your customer or not.
Social media engagement is all about the likes and comments for your business social media efforts. Facebook alone has over 1.5 billion users per month. That makes it a place that your business should have a success strategy for.