When it comes to business credit, there’s no standard scoring model for assessing risk. Lenders, suppliers, banks, leasing companies, businesses, and finance companies all use different reports and scoring models depending on which business credit reporting agency they subscribe to.
Housing Starts rebounded in March, rising 1.9 percent from February to an annual rate of 1.319 million units, the Commerce Department reported. Housing Starts were boosted by a 16.1 percent monthly increase from the multi-dwelling sector. However, starts on single-family homes fell 3.7 percent from February. From March 2017 to March 2018, Housing Starts were up 10.9 percent.
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.
Moving on after financial mistakes is tough when you’re stuck in “I should have” mode. I should have started saving for retirement sooner. I should have cut up my credit cards years ago. I should have said no to my brother-in-law’s dumb investment idea.
March 29 is National Mom and Pop Business Owners Day—a day to celebrate the value that family-owned small businesses bring to their communities. These days, Mom and Pop businesses face many challenges as they compete against larger retailers and service providers with expansive budgets.