A tradeline is any credit account that appears on a credit report. In personal finance, this could be a credit card account, an auto loan, or a student loan. In the business world, business tradelines encompass vendor accounts, business credit cards, installment loans, and revolving accounts associated with your company.
So, how long does it take for tradelines to appear
Chime is a financial technology company that offers personal banking services through a user-friendly mobile platform. While it offers banking features similar to traditional banks, it is not a bank. Instead, it partners with FDIC-insured institutions: The Bancorp Bank and Stride Bank. This partnership ensures account holders receive the same level of deposit insurance as they would with a traditional
A business bank account is a financial account used to manage a company’s funds. Unlike a personal checking account, a business account separates personal and professional finances, essential for accurate recordkeeping, tax reporting, and liability protection.
ChexSystems is a consumer reporting agency governed by the Fair Credit Reporting Act. It collects data on closed bank accounts, unpaid overdraft fees,
Cash-back business credit cards are tailored explicitly for business owners. They offer a smart and straightforward rewards-earning solution for all your business basics. These cards give cash back on eligible business purchases, helping business owners save money and reinvest in their businesses. Cash-back rewards are different from traditional rewards cards. Most importantly, they keep it simple, delivering businesses a clear-cut
LegalZoom, Incfile, and ZenBusiness are three top providers of business formation and management services designed to assist entrepreneurs with their ventures. Each platform simplifies tasks such as LLC formation, business compliance management, and more to help you build and manage your business. Though they’re all similar at their core, their features, pricing, and additional offerings vary greatly.
Owner’s equity refers to the percentage of the company’s value allocated to the owner or owners of the business. It represents how much of the company the owner retains after all liabilities are subtracted from its assets.
Equity = Total assets – total liabilities.
As a small business owner, it represents the value you own in your company. However, it
Payment delays cause cash flow interruptions and sometimes force the business to slow down or stop production. Suppliers sometimes ask for early payment at a discount from the buyer to help the company meet its financial needs.
The buyers can’t afford disruptions in supply chains, and it’s in their best interest to help suppliers sustain their business. However, buyers prefer
With over 28 million enterprises qualifying as small businesses, there are various programs and incentives to support this valuable sector. Both the revenue and employment from small businesses are essential to keep the economy moving.
However, what exactly constitutes a small business? You can call your company a small business, but does it meet the requirements of government agencies and
A company must collect payments to ensure proper cash flow and revenue when selling goods or services on credit. Unfortunately, some businesses run into late payments or non-payment from clients.
Clients who don’t pay their invoices put a strain on the financial health of your business. Small business owners must ensure their accounts receivable collections are efficient, accurate, and reliable.
While SBA loans are generally used for business purposes, many applicants and borrowers wonder about the specific uses for loan funds. “Business purposes” is a broad category. Some business owners are also confused about whether or not they can use the funds for personal reasons.
This guide will cover the SBA loan program, how it works, and the specifics of
Fraud Disclosure:
Please be aware that individuals have been fraudulently misrepresenting to business owners (and others) that United Capital Source, Inc. (“UCS”) can assist small businesses in receiving government grants and other forgivable business loans, when in fact those grants or loans do not exist or are not available. These individuals have ulterior motives and are engaging in the unauthorized use of the names, trademarks, domain names, and logos of UCS in an attempt to commit fraud upon unsuspecting small business owners.
UCS will never communicate with a prospective client on Facebook, Facebook Messenger, or any other type of social media. Further, any email communications will always come from an official UCS email address and not a Gmail, Yahoo, or other email domain. If you believe you have been contacted by someone posing as an employee of UCS, please email [email protected].
