If you want to grow your business, you should start accepting credit cards from your customers. For this, you should obtain a merchant account. If you’ve decided to turn to a merchant processor, the latter will require a fee for accepting credit card transactions and will connect transactions with your business checking account. Criteria for
If you’re looking for business financing, you might be interested whether your personal credit affects your business credit. The good news is that bad credit doesn’t mean the end of the world: you can still qualify for a business loan with poor credit. The Importance of Credit Scores If you’ve decided to turn to a
Do you have bad credit? Don’t let bad credit wreck your dreams of having a successful business. Companies with bad credit often get denied for loans from banks and traditional lenders. EMB is a proven online lender and payment processor that deals with high risk companies and bad credit merchants. Still there are ways for
Most people are familiar with credit scores, and why they’re important. One aspect that’s often overlooked, however, is how critical they are for the small business in need of a loan. Very few startups are lucky enough to be able to thrive and grow off a little investment from a venture firm or equity investor.
Do you own a small business, but can’t find reliable payment processing because of bad credit? Don’t let bad credit stop you from starting your business. A new study shows that only 25 percent of merchants are turning to banks for financing. Instead they use more efficient and less restrictive methods to get the critical
It is still possible to get a merchant account with bad credit, bankruptcy, and tax liens. Though traditional banks and most lenders will shy away from your business if it has a bad credit history, you can turn to payment processors that can open a merchant account for your company with ease. Get the Best
If you are going to start a business, it won’t be easy to find the necessary funds if you have a poor personal credit history. It won’t be easy, but it is doable. There are a number of ways you can use to take your business off the ground even if you have bad credit.
Bankruptcy can be the best option to choose for keeping troubled businesses afloat or closing them efficiently. To benefit, you should consider the specifics of your business and the bankruptcy type you’re going to file. Certain Chapters of Bankruptcy Due to Chapter 13 bankruptcy and Chapter 11 bankruptcy, you can keep your small business open
Bankruptcies, defaults, and poor credit can cripple business owners. Poor credit and other issues have made securing small loans difficult for small businesses. In fact, only 27 percent of the 63 percent of small businesses that apply for loans actually get them. Will the black marks on your credit keep your business in neutral? Here’s
If you own a small business and have bad credit, you will have a hard time finding reliable payment processing or a loan? Bad credit, defaults, and bankruptcies can hurt the personal credit of business owners and their ability to start new business ventures. Almost 63 percent of small businesses seek out small business loans