A strong business credit report is important to running a successful business. Traditional and even some non-traditional lenders use business credit reporting agencies such as FICO Small Business Scoring Service to determine a firm’s creditworthiness when evaluating an application for a loan. Yet because many woman and minority-owned businesses have limited access to credit, they […]
Business advice
Why You Need a Business Checking Account
If you’re a minority entrepreneur just starting out in business, there are many things you need to do. Choosing a business name and legal structure, creating your business plan, developing a marketing strategy, and setting up accounting and record-keeping systems are just a few priorities that should be on your list. You’ll also need a […]
Is Buying a Business Right For You?
If you’re a would-be entrepreneur, the idea of owning your own business is certainly an attractive one. Perhaps you have dreams of being the next Daymond John, who turned a $40 budget into a multi-billion dollar fashion brand. Or maybe you just want to be your own boss and make a living doing what you […]