Being a credit ghost can put your business in almost the same category as bad credit can; making it difficult to access affordable financing for equipment, inventory, expansion, or managing cash flow.
When it comes to your bakery’s financial tools, the workhorse for your business can also be a deceptively simple tool: a business credit card. But misconceptions often get in the way of using business credit cards to their full potential in your business.
When it comes to building credit for your business and securing financing, the secret ingredient to success could be the Small Business Financial Exchange.
Understanding who’s looking at your business credit, and why, can help you make smarter financial decisions and set your bakery business up for success.
As you adapt to the coronavirus pandemic, here are key criteria lenders and financing sources often consider when evaluating applications for financing, how those are changing and what you need to do to prepare to get lender ready.
Many businesses find themselves on shaky financial footing amid the coronavirus pandemic. It's important to know the financing options available during this crisis.