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Salt Lake City Bookkeeping Blog

Need Cash? How to Choose Between a Small Business Loan and a Line of Credit

Posted by Leanne Armstrong on Oct 25, 2017 9:00:00 AM

Business loans and lines of credit (LOCs) are valuable sources of capital for your small business. Both offer access to funds that can help your company get going, or get bigger. Either may do away with the need to approach independent investors.

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Topics: business credit, Grow Your Business, Growth Coach, Cash Flow

Why Should Your Business Apply for a Credit Card

Posted by Matt Roberge on May 23, 2017 9:00:00 AM

Credit sometimes gets a bad rap in the world of business because it’s associated with debt. Even novice business owners know you want to keep your debt low and your revenue high. Limiting overhead and other discretionary expenditures is important for balancing your bottom line, but a credit card for your business may actually be of some help.

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Topics: business credit card, business credit

What Is Your Business Credit Score?

Posted by Matt Roberge on Apr 12, 2017 9:00:00 AM

As an individual, your personal credit score is important when you apply for a job, apartment or financing. In the business world, your business credit score is much the same. It helps determine whether you will get financing and can help you attract investors. A good business credit score can even help you get a lease on new business property.

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Topics: business credit score, business credit card, business credit

What Affects Your Business Credit?

Posted by Matt Roberge on Apr 7, 2017 9:00:00 AM

Your business credit score is as important as your personal credit score, if not more so. A good business credit score can help you lease offices and retail spaces, can help you apply for lines of credit with vendors and can help you apply for small business loans. Working on building a good credit history for your business should be a key priority.

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Topics: business credit, business credit score, business credit card