Tag Archives: credit

Know These Ten Business Credit Terms

credit

An understanding of business credit terms is important for small business owners. Similar to personal credit, business credit determines whether your company can be trusted by the way it manages money. Like personal credit, business credit is a reflection of how well your company manages money. Why is business credit important? The Nav American Dream Gap Survey, 2015 revealed of small business owners surveyed, 45 percent did not know they have…

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Financial Literacy Training – Personal Debt and Credit

In recognition of National Financial Literacy Month, the SBA and local stakeholders host a training on personal finances. Learn the fundamentals of financial literacy, the importance of understanding credit, becoming financially ready for business ventures and managing your budget. This training is at no cost and is for entrepreneurs and existing small businesses. Topics include: How to improve your budget and credit How to reach financial goals Understand credit reports…

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Financial Literacy Training Personal Debt and Credit

financial literacy

Learn the fundamentals of financial literacy, the importance of understanding credit, becoming financially ready for business ventures and managing your budget. This training is at no cost and is for entrepreneurs and existing small businesses. Topics include: How to improve your budget and credit How to reach financial goals Understand Credit Reports Debt and money management Presenters are: Reynaldo D. Vasquez, U.S. SBA Esmeralda Gonzalez, BBVA Compass Sergio Salazar, COMMUNITIES Unlimited…

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Separate Personal and Business Finances

As a business owner, establishing a distinct separation between your personal finances and your business finances is pivotal for protecting your own assets and credit. This above all things should be a top priority for managing money the right way. An incorporated business is treated as a separate legal entity and it must be treated as such. For starters, separation between personal and business finances should be on the top…

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Is a Secured Business Credit Card Right for You?

For business owners, one of the major reasons to have a business credit card is to keep your business and personal expenses separate. This allows you to track your business spending while providing financial flexibility. Since business credit cards offer a revolving line of credit, they can be used at a moment’s notice to cover unforeseen expenses, or to make a specific business purchase, or to cover bills when cash is…

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Free Financial Workshops Grow Small Businesses

Free financial education, which includes both small business and personal finance, starts Oct. 19 in Edinburg with PeopleFund’s “Financial Education Friday.” The series of free classes take also takes place Oct. 26 and Nov. 16. Held under BBVA Compass Center’s Pilot Program, the series is held at PeopleFund offices in Edinburg, Austin, Dallas, Fort Worth and Houston. The Edinburg office is located at 300 S. Closner Blvd. Ste. 1. Session topics and…

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Business Credit is Important for Small Business

Statistics have many applications in business and play an important role in making decisions, discovering new trends and making predictions. If you’re a small business owner you’re among the 28.8 million small business owners in the U.S., as stated by the Small Business Administration. While there is a great deal of statistics available that cover a wide range of areas, in this article we’ve collected 10 statistics that explain why…

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