5 Business Loans That Can Help Your Business Credit

CONNOR WILSON | July 10, 2018

article image
Everyone starts somewhere. The process of building a business credit profile isn’t incredibly different from building personal credit; making payments on time and avoiding carrying high balances are always good practices, but the tools will be different. Many business owners will start out with credit cards specifically designed for startups or those with little to no business credit history, but after time, you’ll likely be looking to graduate to bigger products that can help your business grow and allow you to expand your credit profile. Here, then, are five business loans that can help build your business credit. Most any bank will offer business loans or other basic business financing options, but Chase can boast that they report to all major commercial credit agencies (Dun & Bradstreet, Equifax, Experian, SBFE). That means that as you make your payments on time and keep your balance down with a Chase loan, your diligence and hard work will likely reflect on your business credit report, more likely than with most other major lenders.

Spotlight

Downing Displays

Downing Displays is a full service provider of custom and portable exhibits, including kiosks, environmental graphics and permanent installations Since trade shows are about business growth, Downing focuses on providing targeted trade show exhibit solutions and services designed to support your growth efforts. Downing also removes the logistical stresses so you can focus on strategy, not logistics, using your personnel more effectively.

OTHER ARTICLES

How Small Businesses Can Get the IT Support They Need

Article | March 3, 2020

Of all the challenges facing small businesses, staffing is among the most difficult. Finding someone with the right skill set who fits into a company culture while sharing in an organization’s mission can be a tough needle to thread for any open position, but it is particularly challenging for IT departments. The skills gap isn’t a myth. A survey from CareerBuilder found that 60 percent of U.S. employers have job openings that stay vacant for 12 weeks or longer, a problem HR managers say costs an average of $800,000 annually. The Centre for Economics and Business Research calculated that the skills gap costs American businesses $160 billion every year.

Read More

The ratio that can fix your small business finances

Article | February 26, 2020

You have a lot of responsibility as a small business owner, whether you’re managing numerous people or are a self-employed army of one. You have to worry about expenses, numerous financial statements, tax season and more, all while trying to build your net worth. One of the biggest obligations that looms over the head of nearly every business owner is the thought of debt. Debt can greatly impact the growth capacity of a business, and even worse, it can cause a business to go under completely. Fortunately, there’s a great tool that can help you determine how much debt you can handle and help you understand your company’s general financial health. That tool? The solvency ratio.

Read More

4 Best Practices for Promoting Your B2B Business Online

Article | July 22, 2021

Online marketing is constantly evolving, and it can be hard for B2B marketers to keep up. But this is no time for laggards. With more people working from home, boosting your online presence is critical. Just look at webinars, 39% more people attended online events in 2020 than in prior years. And the B2B business outlook for 2021 and 2022 suggests that marketers will continue to accelerate digital growth with search, virtual events, podcasts, and LinkedIn replacing traditional marketing tactics. With so many digital channels and brands competing for attention, where should you focus your B2B online marketing strategy and efforts? Here are four areas that you may want to consider as part of your digital marketing mix.

Read More

7 Facebook Marketing Trends Every Small Business Should Know in 2020

Article | March 2, 2020

Facebook marketing has both grown and morphed into different forms over the years, but it has remained powerful. Small businesses can take advantage of the same audience that big companies have through Facebook marketing. As of 2020, there are 1.69 billion users on Facebook, and around 1.3 billion users on Facebook Messenger. Being able to tap into that market can turn your small business from an obscure donkey to a powerful unicorn. If you’re looking to up your game this year, here are seven Facebook marketing trends entrepreneurs should be aware of. Customers prefer being able to interact with businesses that can respond immediately round the clock.

Read More

Spotlight

Downing Displays

Downing Displays is a full service provider of custom and portable exhibits, including kiosks, environmental graphics and permanent installations Since trade shows are about business growth, Downing focuses on providing targeted trade show exhibit solutions and services designed to support your growth efforts. Downing also removes the logistical stresses so you can focus on strategy, not logistics, using your personnel more effectively.

Events