Author: mccbloom@gmail.com
The Fastest Ways to Give your Business Credit Score a Boost
As we’ve previously discussed, few factors are as important when it comes to accessing small business financing as your business credit score. In fact, both your personal and your business credit scores are some of the first things that lenders look at when you apply for a loan on behalf of your business. So what…
The Summer’s Best Business Credit Cards
All entrepreneurs have a number of different options they can turn to for small business financing, such as banks, lines of credit and direct lenders like OnDeck. Another common option, business credit cards, provides access to a line of credit in order to make purchases and withdrawals, and are ideal for tracking expenses by division.…
When Should You Open a New Business Credit Card?
(Looking instead for information on Credit Card Advances? Check out our explanation page here.) Business credit cards are commonly used as a source of small business financing. According to the U.S. Small Business Administration, 65% of small businesses use credit cards to fund their budgets, at least partially. There are many questions that all small…
What Are Business Credit Cards?
Business credit cards are yet another tool that small businesses have at their disposal to help manage their financing needs. But what are they? What are business credit cards? A business credit card provides access to a line of credit with a set credit limit in order to make purchases and withdrawals. Like a…
What does your business credit score actually mean?
We’ve already discussed what a business credit score is and how to find it, but what do business credit score numbers actually mean in regard to your business? A business credit score can impact your ability to obtain small business financing or a small business loan. Credit scores are only one part of the loan…
What is a business line of credit?
(For information on OnDeck’s business line of credit product, visit this page.) Our Humpday Help section is designed to provide business owners useful and helpful information about the different types of financing available. Last week, we explored merchant cash advances. This week, we will examine business lines of credit. What is a business line of…
Personal Credit & Business Loans
One of the many things that sets On Deck apart from other small business lenders is the fact that our underwriting process focuses far more on the cash flow and health of a business than on the personal credit score. On Deck has lent over $80 million to small businesses, and we know that the…
On Deck Capital Launches Free Business Credit Tools
On Deck Capital is excited to announce the launch of the first ever tools to help small business owners evaluate their credit options and gain insights into how lenders look at their business. Using the new service, business owners can now enroll for free at www.ondeckcapital.com, and in 5 minutes will: Receive a recommendation on…