SBA blog

When it comes to business credit, there’s no standard scoring model for assessing risk.

A business credit report is an essential tool for banks, lenders, suppliers and credit grantors in assessing the creditworthiness of small businesses. The information contained in a report provides crucial details needed to make informed credit decisions.

Applying for business credit may be as simple as entering your information into an online form or filling out a hard application; but how can you improve your chances of approval?

As individuals we spend years establishing, managing and protecting our good personal credit ratings. With strong personal credit, access to favorable interest rates and terms when applying for credit and financing may be available at the stroke of a pen.

As a startup with little to no business history, what are some quick ways to get funding?

When a business has assets, and needs working capital to operate and grow, it may want to consider an asset-based loan or line of credit. This type of business financing is known as asset-based lending.

Twenty-five years ago the U.S. Small Business Administration (SBA) embarked on a journey to support microlending in America by providing loan capital and grants to nonprofit financial institutions throughout the country.

A business credit profile is the face that a company presents to lenders, suppliers, insurance companies, lessors and other businesses when they decide whether to extend credit or do business with that company.

October is National Women’s Small Business Month. Seems hard to believe today, but thirty years ago, some state laws prevented women from getting a business loan without having a male relative co-sign for it.

Should you finance or lease business equipment? Although both options help break down the overall cost of business equipment into smaller amounts, they are very different in how they’re set up.