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Why Should You Run a Business Credit Check?
Credit is defined as the trust that allows one party to provide resources to another party where the second party does not reimburse the first party immediately (which creates debt), but instead makes arrangement to either return those resources or repay (with other materials of equal value) at a later date. The resources may be […]
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Executive Summary Page
Because you are a busy person, we wanted to put everything important in front of you on one page. Thus the introduction of the new Executive Summary Page. Rather than having to wade through all the information in a Comprehensive credit report before making your credit assessment, we have endeavoured to make life a bit […]
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The Importance of Building Business Credit
Starting a new business from scratch usually involves several considerations from saving money, marketing the merchandise, to selling products and hiring employees, with business credit often taking the backseat. This should not be the case. Building business credit should be treated with equal importance to other activities as it’s also crucial to building a successful […]
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Business Credit Reporting – The Fix for Bad Debts
In essence, credit is a trust that allows businesses to trade with each other on debt with the promise of future reimbursement. It plays a very important part in the day-to-day running of businesses and helps them to keep functioning even at times when cash is not immediately available. Credit also helps companies grow by […]
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3 Things to Consider Before Establishing Credit for Your Business
Wikipedia defines an asset as a resource controlled by an entity as a result of past events and from which future economic benefits are expected to flow to the entity. (Source: https://en.wikipedia.org/wiki/Asset). Simply stated, it’s a value of ownership that’s convertible to cash. You don’t hear much about business credit being an asset, but it […]
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5 Tips To Improve Business Cash Flow
Sales might be the muscle of a business, but cash flow is the life blood that keeps it alive and kicking. If you own a business, you’re well aware of the stress and headaches a negative cash flow can cause. A cash flow problem can make it very difficult to pay bills, make purchases (even […]
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