Author: Eldridge Ibarra

How to Choose Between PayPal Loans, Square Loans, or Fundbox Loans For Your Business

It can be hard to get a business loan. This is especially true if you are applying for loans from a traditional bank.  Sometimes alternative lenders are a better option.  You may not realize that companies like PayPal and Square offer loan options for their customers. There are also companies, like Fundbox, that require you to be a customer with them first.  These are not banks, so they are referred to as alternative lenders.  How do you decide if PayPal loans, Square loans, or Fundbox loans right for your business? 

Are Loans from PayPal, Square, or Fundbox Easy Business Loans? 

Getting a business loan is not always easy.  It can take a long time to find one that is right for your business. This is partially due to the fact the requirements vary widely between lenders. The number of requirements vary as well.

Sometimes you not only need a good credit score, but also collateral, a minimum time in business, and minimum average revenue. Not all businesses meet all of these requirements at once, making it hard to qualify. 

Other Options

There are alternative lenders, however, that make things a little easier, even if they aren’t exactly easy business loans. They may have less stringent requirements or rely on things other than collateral or credit score. Fundbox, PayPal, and Square are just a few examples.

Find out why so many companies use our proven methods to get business loans.

PayPal Working Capital Loan

If you have a business account with them already, you can get PayPal loans. No personal guarantee is required, and they do not do a credit check. Instead, loan amounts and eligibility depend on your sales via the platform. The maximum loan amount depends on your account history with the company. 

To be eligible, you must have a Premier or Business account with them for 90 days or more.  In addition, if your account is Premium, you must have at least $20,000 in annual sales with them.  If it’s a business account, you must have at least $15,000 in annual sales on the account.  You also have to pay off any existing loan with them before you can get another one. 

Since payments are automatically deducted as a percentage of each sale through the account, the amount you pay each day varies with your sales volume.  As a result, the more you sell, the more you will pay on the loan that day.

You’ll make no payments on days without sales, but there is a minimum repayment requirement every 90 days. Depending on the loan terms you choose, you must pay at least 5% or 10% of your total loan amount (loan + the fixed fee) every 90 days. 

The 5% minimum applies to loans estimated to take 12 months or more to repay, based on your business’ past sales through the company and other factors. The 10% minimum applies to loans estimated to be repaid within 12 months.

 Are PayPal Loans Right for Your Business?

If your sales volume is strong enough to keep up with repayment and not put your business at risk, it could be a great funding opportunity. It’s probably not something you should open a account with them for on it’s own, but if you already have one it is definitely an option to keep in mind. 

Loans from Square

You can also get loans through Square if you have a Square account. Similar to PayPal loans, applying will not affect your personal credit score. Loan eligibility is based on a variety of factors related to your business, including its payment processing volume, account history, and payment frequency.

Loan amounts range from $300—$250,000. You’ll get a customized offer based on your business’s card sales through Square. There is no interest, just an ongoing flat fee. 

The fixed fee is the difference between the total amount you owe and the initial loan amount. It will never change, regardless of how quickly or slowly you repay the loan. It automatically deducts until your loan is fully paid. 

Like PayPal loans, daily payments fluctuate with sales. On days with higher sales, you will pay more than on days with lower sales. You must pay a minimum of 1/18 of the initial balance  every 60 days. 

Square doesn’t require collateral for business loans of $75,000 or less. For loans over $75,000, they take a security interest in your business assets. They will file a UCC statement with the Secretary of State where your business is organized. There is no personal guarantee.

Is a Square Loan Right for You? 

If you work with Square and need less than $75,000, you don’t even need collateral. That can be a great option. However, if you need more than $75,000, the required UCC statement may be a turn off. 

Find out why so many companies use our proven methods to get business loans.

Fundbox 

If you do not already work with either of the other two, Fundbox may be a better option. Cash flow financing is easy with Fundbox. They just want to know about your cash flow when deciding whether to fund your business. They will connect directly to your online accounting software, and that’s all you need to do. 

Fundbox offers a revolving line of credit rather than term loans.  Amounts range up to $100,000. They will auto debit your weekly payment from your bank account.  The minimum personal credit score requirement is lower than that of most traditional lenders as well. 

You pay in equal installments over the course of a 12 or 24 week plan. Available credit replenishes as you pay, and there is no penalty to repay early. 

To qualify, your business must be based in the US and you need to have a 600+ personal FICO score.  Additional requirements include: 

  • $100,000+ in annual revenue
  • A business checking account
  • Ideally 6 months or more in business 

Are Any of These a Good Option for Your Business? 

That’s the real question, right? How do you know which one to choose? If you already have a relationship with PayPal or Square, and you qualify, then a Square or PayPal loan may be a good option. Unless you would prefer a line of credit, then you may want to consider Fundbox. 

Find out why so many companies use our proven methods to get business loans.

Of course, if you do not have a relationship with the other two, Fundbox it is. If you aren’t already using one of the payment processing companies, the lending options alone aren’t really a reason to start. Still, they could play a factor in a decision between the two if you are considering one or the other. 

Why Choose one of These Options Over Traditional Funding?

The main reason is the lower credit score requirements, or lack of credit score requirement at all. Also, the fact that collateral isn’t really an issue unless you are trying to borrow more than $75,000 from Square. These aren’t the only options however. Credit Suite has a number of funding options to fit almost any business. We can help you find the best fit for your specific needs.

The post How to Choose Between PayPal Loans, Square Loans, or Fundbox Loans For Your Business appeared first on Credit Suite.

How to Claim Knowledge Panels in Google For More Organic Visibility

If something is written about your brand online, you want to know about it, right?

That’s even more true if it’s an authoritative source speaking about your brand and giving information to the public about what you sell, where you’re located, your hours, your website, and more.

When Google shares information about your brand in what is called Google Knowledge Panels, you don’t want to just know about it—you want to claim it.

Why do you want to claim knowledge panels? You get to control the narrative. When you tell Google you’re the owner of that brand, you can make sure the information is accurate and up to date.

This is a critical step when you’re using SEO to build your brand.

To claim knowledge panels for your brand is relatively simple and something you want to get on top of to keep customers coming through your doors or to your website with consistency, arming them with the right information.

What Are Google Knowledge Panels?

You don’t have to use too much imagination. Remember the last time you googled anything? The information you were looking for just popped up, towards the top of the screen, with relevant data all in one place.

Enter Google Knowledge Panels. You don’t have to know what they’re called to know what they are. They are the boxes of information you see near the top of a Google search for anything from a person to a brand.

Knowledge panels can include:

  • a brand or entity name
  • descriptions
  • details about the person or brand
  • history
  • contact information
  • featured images

According to Google, it uses different factors to decide what goes in that panel. As you start to look around, you’ll start to notice some information seems gathered from other sources, such as Wikipedia or other online websites.

In addition, Google uses its data involving keyword searches and questions people tend to ask regarding that particular entity or item, and it pulls those questions and answers in.

It’s all based on Google’s Knowledge Graph. Google uses all that data to build the knowledge panels you see when you search for something. These aren’t necessarily generated by the person who has claimed their Google knowledge panel.

Now, let’s look at a couple of examples.

claim knowledge panel watermelon example

This one is about watermelons. It’s not specifically owned by anyone in particular and therefore not claimable.

claim knowledge panel - queen Elizabeth

Here is an example of a knowledge panel associated with a person. She could go in and claim it using the button on the bottom left.

We’ll discuss more about how this works.

Why Should You Claim Knowledge Panels in Google?

Is it worth taking the time to claim knowledge panels in Google? If you’re the owner of a brand with a knowledge panel, you can verify your relationship to that entity and at least influence some of the information provided in the panel.

There are several reasons why you should consider taking the time to claim knowledge panels:

  • increase control over what’s being highlighted about your brand
  • ensure accurate and up-to-date information
  • keep social media profile links up to date
  • choose which featured images are used
  • have a more engaged relationship with what Google is showing about your brand

While you don’t have direct access to the panel to make changes, by claiming your knowledge panel, you have Google’s ear, so to speak. You can send in a suggestion or request an update with your Google account associated with that knowledge panel so when Google receives your request, it knows it’s coming from an authoritative source.

Steps to Claim Knowledge Panels in Google

ow you’re ready to claim knowledge panels that relate to you, your brand, or entities that you represent in Google. Here are some steps to get you started:

1. Sign in to Your Google Account

You need to have a Google account to be able to claim knowledge panels. If you have a Gmail address or other Google product where you’ve set up an account, then you are good to go. If not, go ahead and set one up. To continue, you’ll need to be logged in. 

Now log in to your preferred Google account. If you use a specific account for your brand or your related business needs, sign in to that one. 

2. Search for the Knowledge Panel Topic

Once you’re logged in, use Google to search for yourself, your brand, your entity, or your organization. It may seem self-explanatory, but you need to actually type in the entity for which knowledge panel you’re looking for. 

The goal here is to pull up the knowledge panel like any other searcher on the internet would see it. There is no back-end way to see the knowledge panel, like the development or content end of your website. 

The nice thing about this is you’ll be able to see what users see. Maybe since you’re sitting down to work on this anyway, you may think of related topics you want to check out. You can do that from here by performing a search for that knowledge panel. 

Now that you’ve searched for it, you should see the brand or other name at the top of the knowledge panel. If not, search again. Many brands or organizations have similar or even identical names, so make sure you see yours before continuing. You don’t want to accidentally claim someone else’s—or get stuck not being able to claim your own. 

3. Click the Claim Knowledge Panels Link

Look for the link on the bottom that says, “Claim This Knowledge Panel.”

The button is located at the bottom of the box surrounding the knowledge panel. The size may vary, but all are surrounded by a thin line.

Go ahead and click the link. If you don’t see it, the knowledge panel may already be claimed by another entity. Make sure you’re looking at the right panel. 

Here you will be able to review the available features. As we mentioned above, knowledge panels are not created by those who claim or verify them. Google uses various algorithms and machine knowledge to pull what it deems to be relevant information into these panels. 

4. Look for Profiles You Can Use to Claim Knowledge Panels

Google uses a number of different connections on other web platforms that you can sign into to prove your identity or relation to the knowledge panel you want to claim. You can choose from YouTube, Facebook, Twitter, and more. Once you sign in to one of these, you’ve claimed your knowledge panel and can make updates or changes as available. 

5. Give Others Access 

Once you’ve gone through all the work to claim your knowledge panel, you may want to make sure other people on your team have access to your brand’s knowledge panels as well. 

To do this, you need to be logged in to the same Google account you used to claim the panel. Go to Google’s Manage User page. 

Click to add people and then add the email addresses of those you want to give access to your knowledge panels. Choose which levels of permission you want to give them. Every level has the option to go in and suggest changes to your knowledge panel, which we will discuss in more detail below. However, an owner or manager can add or delete others from access.

7 Steps to Update Your Google Knowledge Panel

Now that you have verified yourself and have claimed your knowledge panel, you can begin the work of actually managing it.

This won’t eat up all your time or require constant maintenance, but you may want to check in every once in a while. If you do see an error in your Google knowledge panel or if one has been reported to you, you can take certain steps to make necessary updates. It’s at Google’s discretion, however, so it may take some time and patience.

  1. Sign In

    Make sure you’re logged in to the Google account you used to claim your knowledge panel, or the one someone used to gain you access to the knowledge panel. Otherwise, Google won’t recognize you as someone related to that account.

    In addition, you need to turn on “Web and App Activities” under Google’s Activity Controls in your Google account. Essentially, this helps track your steps as you are moving around your searches and helps Google ensure you have access to the knowledge panel.

  2. Search for the Knowledge Panel

    Just as when you claimed your knowledge panel, you need to use Google Search to look for the entity whose knowledge panel you want to update. Googling your brand’s name is probably the best and easiest way to get there, but remember to look carefully at the knowledge panel and make sure it’s referencing the entity you intended. If not, keep searching until you find the right one.

  3. Click Suggest Edits

    If you are logged in to the correct Google account and are looking at the associated knowledge panel, you should see a link at the top of the knowledge panel that says “Suggest Edits” or a similar iteration. If you don’t see it, verify you are signed in correctly and are looking at the right knowledge panel.

    When you are, go ahead and click it. This is your portal for suggesting updates.

  4. Choose What You Want to Update

    Click the area you want to update. You will be doing each one separately, so if you have more than one change you would like to see, just start with one, and you can continue with more changes later.

    Areas you want to update might include images, descriptions or titles, social media profile links, and more.

    Here is an example using Boden’s knowledge panel. You can see how each bit of information is broken into different options. You can choose which section you want to suggest an update for.
    claim knowledge panels

  5. Write Out Your Suggested Updates

    Because this is Google’s product and not one you can directly control yourself, you can’t just go in and make updates on the areas you would like.

    You can, however, ask Google to go in and review your suggestions.

    When you click on the area you want to update, a small text box will open where you can enter your suggested update.

    Be as specific as possible and provide as much background as you can. This helps the reviewer on Google’s end have as much context as possible to understand the logic behind the suggested change. You can also provide links to any websites or pages to verify your requested change.

  6. Wait

    This isn’t the easy part, but you will have to wait for your review to be accepted. Google will manually review your suggestion and check for verifiable information online to back up your update for accuracy. That’s why providing the specifics and URLs as mentioned above is important.

    When Google accepts your updates, you will be contacted via email.

  7. Create More Suggestions

    You should send each update as a separate request. In other words, if you want to see the image updated as well as social media profile links, you should do these separately.

    This keeps the review process clean and easy to follow. It also allows you to be specific and detailed without muddling your requests.

    Get in there and make suggestions for updates whenever you deem necessary.

Conclusion

Knowing what people are learning about you and your brand is key to understanding how the public perceives you. If the information at the top of a Google search isn’t accurate or isn’t reflective of what you want to project, you need to claim knowledge panels and request those updates are made.

Claiming knowledge panels can give you at least a little more control over how your brand appears in a Google search, but it’s not the end. In fact, it’s just one step in building an online brand and SEO. There’s so much you can do to improve your SEO and stay in front of your customer base with the knowledge they need to interact with your brand well.

Have you claimed your brand’s Google knowledge panel yet?

How to Sound Like and Become a Business Credit Expert

What can a business credit expert help you do?  What do you need to know to sound like or even become a business credit expert?  It’s not as simple as a Google search, that’s for sure. You need someone who really knows the secrets to nailing small business funding. 

Language is Impressive but Knowledge is the True Test of Being a Business Credit Expert

Use terms like tradelines, business credit reporting agencies, starter credit, credit line hybrid, EIN and more and you will have people thinking you are a business credit expert in no time.  The problem is, unless you actually have the knowledge to back up how you sound, you can’t really help people, or yourself.  Unless you are a business credit expert, you cannot guide people through the process of building business credit and using it properly. What do you need to know?  Everything.

Business Credit Expert: What is Business Credit?

First, a business credit expert has a true understanding of what business credit is.  Just having a credit card that calls itself a business card is not business credit. Business credit is credit under a company’s EIN. It has no association with the owner’s Social Security number. It is totally separate from personal credit, and therefore the business credit score can differ drastically from your personal credit score.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

This is credit in the business’s name and it is based on the business’s ability to pay, not the business owner’s. When done right, it is possible to get some business funding based on a business credit score without a personal credit check. Also, you, the business owner, aren’t personally liable for the credit the business gets.  Business credit is essential to getting the small business funding you need. 

Business Credit Expert: How is Business Credit Different from Personal Credit? Biz Credit Expert

The obvious answer is that a business credit score is based on the business’s ability to pay, not the owner’s.  However, they are different in a number of other ways as well. Various factors affect your business credit score in ways vastly different from how they affect personal credit. Each of these factors affects business credit and personal credit in different ways. 

 

  • Late Payments

 

Most personal accounts do not report late payments to your personal credit report until they are 30 days or more past due.  Business credit accounts report to business CRAs when an account is only one day late.

 

  • Inquiries

 

When someone checks your personal credit report, there is a negative impact on your credit score.  When a lender checks your business credit score, there is no negative impact. 

 

  • Access to Business Credit Reports

 

The only ones who have access to your personal credit report are those to who you give signed authorization.  In contrast, anyone can check your business credit score.  They do not have to have authorization from you. 

 

  • Name of the Reporting Account

 

Your personal credit report has the name of the company holding each account reporting.  Your business credit report only lists the industry of the reporting account, not the company’s name. 

 

  • How long information stays on your report

 

Though it varies, most information stays on your personal credit report for the life of the report.  The average life of information on your business credit report is 3 years. 

The details may vary between CRAs, but this gives a good idea of how long certain information can affect your business credit score. 

 

  • Amounts reported

 

Exact amounts are shown on your personal credit report. Business credit reports show rounded amounts. 

 

  • Who Reports Payments to the CRAs

 

With personal credit, everyone reports your accounts and payment history. Only about 7% of those who check business credit actually report accounts to the business credit CRAs.

 

  • Debt-to-Credit Ratio

 

The amount of debt you have in relation to the amount of credit available to you makes a real impact on your personal credit score.  If your cards are near their limits, you’ll see a decrease in your score.  With business credit, being near your limits does not affect your score. 

 

  • Regulation

 

There is much less regulation when it comes to business credit, and there is virtually no regulation when it comes to correcting mistakes on your business credit. 

 

  • Monitoring

 

You can get a free copy of your personal credit report each year.  In addition, there are a number of free credit monitoring services that let you get a peek at your credit score.  These are typically updated at least once a month.  

There are business credit monitoring services.  However, they are not free.  Still, if you choose the right one, it’s worth it to know what is happening with your business credit.

Business Credit Expert: What are Business Credit Reporting Agencies?

Business credit reporting agencies are agencies that provide business credit reports.  There are several, but the main three are Dun & Bradstreet, Equifax, and Experian.  A business credit expert needs to understand what the business credit reports issued by these agencies say to lenders about businesses. Then, you can begin to understand the impact on small business lending. 

Business Credit Expert: How Do I Get Business Credit?

You can’t until your business is set up properly.  It has to be set up as a separate fundable entity aside from the owner. Until then, any accounts you have are just reporting to your personal credit, even if they are called business accounts. How do you change that?   

Contact Information

Your business has its own phone number, fax number, and address.  That doesn’t mean you have to get a separate phone line, or even a separate location.  You can even still run your business from your home or on your computer if that is what you want.  You don’t even have to have a fax machine.

 Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

EIN

You also have to get an EIN. This is an identifying number for your business that works like how your SSN works for you personally.  You can get one for free from the IRS.

Incorporation Matters

Incorporating your business as an LLC, S-corp, or corporation is vital.  It lends credibility to your business as one that is legitimate. It also offers some protection from liability. The big thing for business credit and fundability however, is that it is the only real way to separate business finances from personal finances.

Which option you choose does not matter as much for fundability as it does for your budget and needs for liability protection.  The best thing to do is talk to your attorney or a tax professional.  What is going to happen is that you are going to lose the time in business that you have.  When you incorporate, you are creating a new entity.  You basically have to start over.  You’ll also lose any positive payment history you may have accumulated. 

This is why you have to incorporate as soon as possible.  Not only is it necessary for fundability and for building business credit, but so is time in business.  The longer you have been in business the more fundable you appear to be.  That starts on the date of incorporation, regardless of when you actually started doing business. 

Business Bank Account

You have to open a separate, dedicated business bank account. First, it will help you keep track of business finances.  It will also help you keep them separate from personal finances for tax purposes. 

Furthermore, there are several types of funding you cannot get without a business bank account.  Many lenders and credit cards want to see one with a minimum average balance.  In addition, you cannot get a merchant account without a business account at a bank. That means, you cannot take credit card payments.  Studies show consumers tend to spend more when they can pay by credit card.

Licenses are a Must

For a business to be legitimate it has to have all of the necessary licenses it needs to run.  If it doesn’t, warnings are going to go up at every turn.  Do the research you need to do to make sure you have all of the licenses necessary to legitimately run your business at the federal, state, and local levels. 

Is That All? 

No, it isn’t.  The next thing you have to do is get accounts reporting.  First, get a D-U-N-S number.  You can apply for a free one on the D&B website.   Dun & Bradstreet is the largest and most widely used business credit reporting agency.  You cannot have a business credit report with them unless your business is in their system.  The D-U-N-S number is how you get in their system. 

Once you have this number, you can start to do business with companies that will report your payments to the business credit reporting agencies. You can do this in a few ways. The best bet is to try all three ways.  The more positive payment history you have, the better. 

Ask Companies You Already Work With 

Vendors you already have a relationship with may be willing to give you credit without a credit check.  Even if not, they may offer net 30 terms on invoices.  They don’t have to.  So, you will have to ask.  If they agree, ask them to report the payments to the business credit agencies. 

Ask Utility Providers 

You pay things like utilities, rent, and the internet each month anyway.  Ask those companies to report payments.

Use Starter Vendors 

This is a little-known secret of business credit experts.   Many business owners are unaware of starter vendors. Certain retailers will extend Net 30 terms in your business name without a credit check.  Then, after you pay, they will report those payments to the business credit reporting agencies.

This is how you can get started building business credit business credit.  They do not check either your business or personal credit score.  Of course, they do have other risk reducing guards in place.  They vary by vendor.   Here are a few to help you start the process. 

Crown Office Supplies

Crown Office Supplies offers paper and other office supplies. They report to all three of the major business credit reporting agencies, which of course include D & B, Experian, and Equifax. It can be hard to find vendors which report to Equifax, so getting credit with Crown is a good move.  They do have a $99 annual membership fee.

Uline

Uline sells shipping, packing, and industrial supplies.  Also, they report to Dun & Bradstreet and Experian.  This means you must have a D-U-N-S number. 

In addition, they ask for 2 references and a bank reference. The first few orders might need to be paid in advance to get approval for Net 30 terms.

Grainger Industrial Supply 

Grainger sells power tools, pumps, hardware and other things. In addition, they can handle maintenance of your auto fleet. You need a business license and EIN to quality, as well as a D-U-N-S number.

You can apply by fax or over the phone. If you need less than $1,000 in credit, you only need a business license for approval. For over $1,000, you will need trade and bank references.  

If you are just starting out and do not have references, the $1,000 is plenty to get you started building your business credit. 

Why You Really Need an Actual Business Credit Expert

Knowledge is definitely what makes you a business credit expert.  The best way to become one, and get that knowledge, is to work with an actual business credit expert.  They know things that are not widely made known to the public.  These are things that a simple Google search will not tell you.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

For example, you need a lot of accounts reporting business credit.  You need several of these starter vendor accounts, but it is not easy to find vendors that will work like this.  Most vendors do not make it known if they report payments to the business credit reporting agencies, or not.  You need expert help to help you find the ones that you qualify with and that will report. 

Vendor accounts change their underwriting and reporting practices regularly.  It is incredibly difficult to keep up with.  It takes alot of time and a lot of effort. An expert has the time and knowledge it takes to stay on top of which vendors are approving accounts, and what they look for.  Also, they can keep tabs on who reports accounts and who they report them to.

In addition, it is usually a shot in the dark as to why you were denied business credit.  A business credit expert has the knowledge and expertise to help you set yourself and your business up to give you the best chance possible. They know what creditors are looking for, and what gets you denied.  It’s likely many of the reasons businesses are denied credit will shock you. 

It is not easy to keep up with the ever changing world of business credit.  With a business credit expert, you won’t have to guess. 

The post How to Sound Like and Become a Business Credit Expert appeared first on Credit Suite.

New comment by Gounemond in "Ask HN: Who is hiring? (September 2020)"

AnotheReality | Milan, Italy | Mid-Senior Game Developer / XR Developer (Unity) & more | On-Site | https://www.anothereality.io/

We’re a VR/AR development studio founded in 2016 based in Milan, coming from the game development industry: we mainly develop B2B applications, but we’re also working on a platform to enable future developers (technical and not) to easily develop and deploy XR applications, with open source code to be used within game engines or through a web interface with an authoring tool.

We’re now looking for a XR Developer (mainly Unity based, but we also welcome people skilled in Unreal Engine) to expand our development team. Min of 3 years of experience, solid coding skills with C#/C++ (and also outside game engines).

See more on the position here: https://www.anothereality.io/company/work-with-us/xr-gamepla…

If you’re interested you can mail directly me (CTO) and ask anything you want at fabio@anothereality.io (add a [HN] in the subject!)

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New comment by aytanbenaderet in "Ask HN: Who is hiring? (June 2020)"

Clear Street | NYC* | FT | Multiple Openings |https://clearstreet.io/careers [Clear Street](http://clearstreet.io/) (based in NYC) was founded in 2018 with a mission to build new market infrastructure. We are delivering a product that helps high volume, multi asset traders connect to financial markets. Our clients will streamline and scale their businesses with the power of …

You Asked, We Answered: What is the Easiest Business Credit Card to Get?

We heard your question – what is the easiest business credit card to get?

What is the Easiest Business Credit Card to Get?

We researched a bunch of company credit cards for you. So, here are our favorites.

Per the SBA, company credit card limits are a whopping 10 – 100 times that of personal credit cards!

This reveals you can get a lot more funds with business credit. And it also means you can have personal credit cards at retail stores. So, you would now have an additional card at the same retail stores for your business.

And you will not need collateral, cash flow, or financials to get business credit.

What is the Easiest Business Credit Card to Get? Benefits

Benefits vary. So, make certain to choose the benefit you prefer from this choice of options.

What is the Easiest Business Credit Card to Get with 0% APR?

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card 

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has no annual fee and comes with a 0% introductory APR on purchases for the first nine months. Thereafter, the card has a 13.24 – 23.24% variable APR

Earn 3 points/dollar spent when you book travel via the Bank of America Travel Center and 1.5 points/dollar on all other purchases. You can get unlimited points and points will never expire.

Details

There is a 25,000-point sign-up bonus when you spend $1,000 in the initial 60 days of opening up the account. Cardholders get travel accident insurance, and lost luggage reimbursement. 

They also get trip cancellation coverage, trip delay reimbursement and other benefits.

There is no introductory rate for balance transfers. Also, bonus categories are limited.

Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/travel-rewards-business-credit-card/ 

JetBlue Plus Card

Consider the JetBlue Plus Card for yet another offer of a 0% introductory APR

Earn six points/dollar on JetBlue purchases, two points/dollar at eating establishments and grocery stores. And get one point/dollar on all other purchases. 

Details

Spend $1,000 in the first 90 days and pay the yearly fee. So, then you can get 40,000 bonus points. New cardholders get a 12-month, 0% initial APR on balance transfers made in 45 days of account opening.

After that, the variable APR on purchases and balance transfers is 17.99%, 21.99% or 26.99%, based upon creditworthiness. Benefits include a free first checked bag and 50% savings on in-flight purchases.

There is a $99 annual fee for this card.

Get it here: https://cards.barclaycardus.com/cards/jetblue-card/   

What is the Easiest Business Credit Card to Get with No Annual Fee? 

Uber Visa Card 

Check out the Uber Visa Card. Uber is the first ride-sharing service to offer a credit card, in a partnership with Visa and Barclays.

The card offers 4% back per dollar spent at restaurants, takeout and bars, including UberEATS. Also, earn 3% back on hotel, airfare and vacation home rentals. And get 2% back on online purchases. 

So, this includes retailers and subscription services like Uber and Netflix. And get 1% back on all other purchases. Each percent/point has a value of 1 cent. Redeem points for cash back, gift cards or Uber credits directly within the app.

By spending a minimum of $500 in the initial 90 days, users can earn a $100 sign-up bonus. Cardholders spending at least $5,000 annually are eligible to receive a $50 credit toward online subscription services. 

Details

If you pay your cellphone bill with this card, you are insured up to $600 for cellphone damage or theft.

Cardholders are eligible for exclusive access to specific events and offers. Uber expects most of these offers to be available in major cities like New York, San Francisco, Los Angeles, Chicago and DC. There is no foreign transaction fee.

But there is no introductory rate. So, the APR is a variable 16.99%, 22.74% or 25.74%, based on your creditworthiness. Cardholders with less than stellar credit will be on the higher end of the range. 

Also, there are restrictions on Uber credits. To redeem points as credits in the Uber app, accrue a minimum of 500 points, or $5. Cardholders can convert a maximum of 50,000 points, or $500, per day.

Get it here: https://www.uber.com/c/uber-credit-card/ 

Costco Anywhere Visa® Business Card by Citi 

Not taking Uber? Then you’ll want to fill your gas tank somehow. Why not do so with the Costco Anywhere Visa® Business Card by Citi?

This card earns cash back with every purchase. Earn 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Earn 3% cash back at restaurants and on eligible travel purchases. Also, get 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.

So, note: the $0 annual fee is only for Costco members. And an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.

Also, there is no sign-up bonus available with this card.

Get it here: https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=Citi-costco-anywhere-visa-business-credit-card

Ink Business Cash℠ Credit Card

Check out the Ink Business Cash ℠ Credit Card. Companies can get cash back with every single purchase. Spend $3,000 in the initial three months from account opening. And you’ll get a $500 bonus cash back.

There is a $0 annual fee with a 0% introductory APR for 12 months on purchases and balance transfers. After that, the APR is a 15.24 – 21.24% variable. 

The credit card includes travel and purchase coverage benefits. So, this includes an auto rental collision damage waiver and extended warranty protection.

Details

Earn bonus cash back on business categories. So, these include office supply stores, telecommunications, gas stations and restaurants.

Note: this credit card has a balance transfer fee. Pay 5% of the amount transferred or $5, whichever is greater. Also, there is a foreign transaction fee of 3%.

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-cash 

United MileagePlus Explorer Business Card

Get a good look at the United MileagePlus Explorer Business Card.

Earn 2 miles/dollar with United and at restaurants, filling stations and office supply stores. All other purchases earn 1 mile/dollar. Earn a 50,000-mile sign-up bonus after spending $3,000 in the initial three months from account opening. 

Benefits include priority boarding, a free first checked bag for you and a companion on the same reservation.

Details

Also, get two United Club passes annually. And get hotel and resort perks including upgrades. In addition, get early check-in and late checkout. And get an auto rental collision damage waiver. 

Plus, get baggage delay insurance, lost luggage reimbursement, trip cancellation and interruption insurance. Finally, get trip delay reimbursement, purchase protection, price protection and concierge service.

After the first year, the card has an annual fee of $95. APR of 17.99% – 24.99%, based on creditworthiness.

Get it here: https://creditcards.chase.com/small-business-credit-cards/united-mileageplus-explorer-business 

Starwood Preferred Guest® Business Credit Card from American Express

Another alternative is the Starwood Preferred Guest Business Credit Card from American Express. 

This credit card is for those who stay at Starwood Preferred Guest and Marriott hotels often. Earn six points per dollar of eligible purchases at participating SPG and Marriott Rewards hotels.

And earn four points per dollar at US restaurants, US filling stations, and on US purchases for shipping. 

Also, earn four points to the dollar on wireless telephone services purchased directly from US service providers. For all other eligible purchases, get two points per dollar.

Details

Earn 75,000 bonus points when you spend $3,000 in the initial three months of account opening. Benefits include free in-room premium internet access, Sheraton Club lounge access, and purchase protection. 

Plus, you get car rental loss and damage insurance. And you get baggage insurance. There is also a global assistance hotline. And there is a roadside assistance hotline. And get travel accident insurance and extended warranty coverage.

The biggest issue is the yearly fee. There is a $0 introductory annual fee for the first year, then it’s $95 after that. Plus, there is no 0% introductory APR. Instead, there is a 17.74 – 26.74% variable APR

Get it here: https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/spg-amex-starwood-credit-card 

What is the Easiest Business Credit Card to Get for Average Credit?

Capital One® Spark® Classic for Business 

For fair credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. The card gets an unlimited 1% cash back on all purchases. There is an annual fee of $0.

With this card, you will get benefits including an auto rental collision damage waiver, and purchase security. And you also get extended warranty coverage. And you get travel and emergency assistance services.

But KEEP IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus. In addition, this card reports monthly to personal credit. It does report to business credit as well, but they generally require a personal credit check and will always report to personal credit.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/ 

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

What is the Easiest Business Credit Card to Get Low APR and Balance Transfers? 

Discover it® Cash Back

Have a look at the Discover it® Cash Back card. There is a 10.99% introductory APR for six months from date of first transfer. So, this is for transfers under this offer which post to your account by January 10, 2019.

After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based upon the Prime Rate.

Details

You can get 5% cash back at different places every quarter. So, these are places like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Also, automatically get unlimited 1% cash back on all other purchases.

You will get an unlimited dollar-for-dollar match of all the cash back you have earned at the end of your first year, automatically.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html 

What is the Easiest Business Credit Card to Get to Build Credit?

Discover it® Student Cash Back

Be sure to check out the Discover it® Student Cash Back card. It has no annual fee. The credit card also offers a six-month introductory period of 0% APR on purchases. And there is an APR of 14.99 – 23.99% variable on all purchases after that period.

One special feature is that it offers an incentive for scholars to maintain good grades with a $20 statement credit. If students earn a GPA of 3.0 or higher each school year, the card will award the $20 statement credit every year for up to five years.

Details

Use this credit card to build personal credit. While this is a personal card versus a company credit card, for new credit users, their FICO scores will matter. And this card provides an excellent way to raise FICO while also getting rewards. Better personal credit can also, often, be the key to unlocking online lending.

You can earn 5% cash back at different places each quarter such as grocery stores, gas stations, restaurants or Amazon.com up to the quarterly maximum. After that, this credit card offers unlimited 1% cash back on all purchases.

In the initial year, all cash back rewards are matched 100%.

Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. And though they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html 

What is the Easiest Business Credit Card to Get for Luxurious Travel Points?

Capital One® Spark® Miles for Business 

Be sure to check out the Capital One® Spark® Miles for Business card. With this card, you can earn 2 miles per dollar on all purchases. When you spend $4,500 within the first 3 months of opening an account, you can earn 50,000 miles. So, that is worth $500 in travel.

Benefits for cardholders include an auto rental collision damage waiver, and purchase security. And they also include extended warranty coverage. And you get travel and emergency assistance services.

Cardholders will pay $0 introductory for the first year. But they will pay $95 after that for the annual fee.

There is no 0% APR for purchases or balance transfers with this card. The APR is 18.74% (variable).

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-miles/  

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

IHG ® Rewards Club Premier Credit Card

Check out the IHG ® Rewards Club Premier Credit Card. it gets hotel rewards worldwide. For each dollar spent at participating IHG hotels, earn 10 points. Earn two points per dollar spent at gas stations, grocery stores and restaurants. 

Plus, all other purchases earn one point. New cardholders can get an 80,000-point sign-up bonus when they spend $2,000 in the first three months of account opening.

Details

This card offers a free one-night hotel stay annually. Plus, there is a variety of benefits like travel and purchase coverage and an upgrade to Platinum Elite status with the IHG Rewards Club. The club offers complimentary room upgrades when available and guaranteed room availability.

The most significant issue is that the card does not offer a zero percent APR introductory rate. And the standard APR is 17.99 – 24.99% variable. Also, the annual fee is $89.

Get it here: https://creditcards.chase.com/a1/ihg/premiernaep 

Marriott Rewards® Premier Plus Credit Card

This credit card earns six points/dollar spent at participating Marriott and SPG hotels. And get two points/dollar on all other purchases. 

Spend $3,000 in the first three months from account opening and get two free night awards (each worth up to 35,000 points). 

Cardholders get access to perks including a free one-night stay every year after account anniversary. Also get travel and purchase protection. So, this includes free standard in-room Wi-Fi and priority late checkout.

Details

Perks include baggage delay reimbursement, and lost luggage reimbursement. There is also trip delay reimbursement. And there is purchase protection. In addition, there are concierge service and automatic Silver Elite status, which includes a 20% bonus on points. 

Spend $35,000 each account year and get an upgrade to Gold Elite status. So, that includes a complimentary room upgrade, free daily breakfast and 4 PM late checkout.

There is an annual fee of $95. The APR is a 17.99– 24.99% variable.

Get it here: https://creditcards.chase.com/marriott/apply 

What is the Easiest Business Credit Card to Get for Cash Back?

SimplyCash Plus Business Credit Card from American Express

Check out the SimplyCash Plus Business Credit Card from American Express. There is a $0 yearly fee. And there is a 0% APR on purchases. So this is for the initial 15 months an account is open. 

But when the introductory period expires, the APR for purchases is 14.24 to 21.24%. So, this is variable and based on creditworthiness.

Details

This card has numerous benefits. These include purchase protection, car rental loss and damage insurance. And they also include a baggage insurance plan, extended warranty coverage and a global assist hotline.

Also, earn 5% cash back at US office supply stores and on wireless telephone services. So, these must be purchased from US providers. But this pertains to the initial $50,000 of annual spending. Then, you get 1% cash back.

You also earn 3% cash back on spending category of your choice. So, this is from eight distinct categories. They include airfare, gas, advertising and computer purchases. But it applies to the first $50,000 of yearly spending. Then, you get 1% cash back.

Cash-back bonuses are automatically credited to the customer’s billing statement.

Note: you cannot use this card for balance transfers. There is a foreign transaction fee of 2.7%. The credit card charges up to $38 in late fees. And the returned check fee is also $38. The penalty APR is 29.99%. 

And, it kicks in if you have two or more late payments within 12 months. It can also apply if you fail to make the minimum payment on time or have a returned payment.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279 

Capital One® Quicksilver® Card 

Check out the Capital One® Quicksilver® Card. It offers flat-rate rewards of 1.5% on all purchases. There are no limits to the amount of cash back rewards that cardholders can earn. Also, the card has a $0 annual fee.

New cardholders have a 0% APR on purchases and balance transfers for the first 15 months after opening the account. Then afterwards they have a 14.74 – 24.74% (variable) APR after that. 

A cash bonus of $150 is on offer for those who make a minimum of $500 in purchases in 3 months of account opening.

Details

Also, cash back rewards do not expire for the life of the account. And there is no limit to how much you can earn.

This card also offers travel accident insurance. And you get an auto rental collision damage waiver. There are no foreign transaction fees. And there is extended warranty coverage.

Downsides are the flat reward rate, not allowing for any more than that. And the higher APR after the first 15 months.

Get it here: https://www.capitalone.com/credit-cards/quicksilver/ 

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

What is the Easiest Business Credit Card to Get Which is Secured?

Wells Fargo Business Secured Credit Card

Have a look at the Wells Fargo Business Secured Credit Card. It charges a $25 annual fee per card (up to 10 employee cards). It also requires a minimum security deposit of $500 (up to $25,000) and it is meant to help cardholders set up or rebuild their credit.

Select this card if you want to get 1.5% per dollar in purchases with no limits or get one point for every dollar in purchases. You also get 1,000 bonus points for every month your company makes $1,000 in purchases on the card.

Details

Also, you get free FICO scores every month. There are no foreign transaction fees. It is possible to upgrade to unsecured credit. Your account is regularly reviewed. And you may become eligible for an upgrade to an unsecured card with responsible use over time. Approval is not guaranteed and depends on factors including how you manage this and your other accounts.

APR is the current prime rate plus 11.90%. There is no introductory APR period and no sign-up bonus. This is not a card for balance transfers.

Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/ 

What is the Easiest Business Credit Card to Get for Jackpot Rewards?

Chase Sapphire Preferred® Card

Have a look at the Chase Sapphire Preferred® Card for travel points.

You can earn two points per dollar spent on travel and dining at restaurants. And you can get one point per dollar on all other purchases. Points can be redeemed for cash back, gift cards, or travel. 

The card’s benefits include trip cancellation insurance, travel and emergency assistance services. They also include an auto rental collision damage waiver, purchase protection and extended warranty protection.

When you spend $4,000 in the initial 3 months from account opening, you will earn 50,000 bonus points. These points are worth $625 if you redeem them for travel through Chase Ultimate Rewards.

Details

You can get an unlimited two points per dollar for travel and dining at restaurants. And after that get one point per dollar for all other purchases. Points will transfer equally to 13 leading frequent travel programs with partners. So, these include British Airways, Southwest Airlines, United, and Marriott.

There is no 0% introductory APR on purchases or balance transfers. The card’s standard APR is 17.74 – 24.74% variable. Also, the card has an annual fee of $0 introductory for the first year. And then it skyrockets to $95.

Get it here: https://creditcards.chase.com/rewards-credit-cards/chase-sapphire-preferred 

Ink Business Preferred ℠ Credit Card

Get a look at the Ink Business Preferred Credit Card from Chase. Cardholders earn 3 points for every dollar spent on travel, shipping, internet, cable, phone and qualifying advertising with the card. So, this is up to $150,000 each year. And all other purchases earn an unlimited one point per dollar spent.

This is a Visa card.

Cardholders get benefits like purchase protection, trip cancellation or interruption insurance. They also get cellphone protection. And they get extended warranty coverage. And they get an auto rental collision damage waiver.

Details

Earn 80,000 bonus points when you spend $5,000 in the first 3 months from account opening. There is an annual fee of $95. You can add employee cards at no additional cost.

This card only offers 3 points per dollar to a limit of $150,000 a year. So, this is for travel, shipping, internet, cable, phone and qualifying advertising. All other purchases earn an unlimited flat rate of one point per dollar. And there is no introductory APR

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-business-preferred 

What is the Easiest Business Credit Card to Get for You?Get a Business Credit Card the Easy Way Credit Suite

Your outright best company credit cards hinge on your credit history and scores.

Only you can select which features you want and need. So, make sure to do your homework. What is outstanding for you could be disastrous for another person.

And, as always, be sure to build credit in the recommended order for the best, quickest benefits.

The post You Asked, We Answered: What is the Easiest Business Credit Card to Get? appeared first on Credit Suite.

To Successfully Obtain Business Capital Every Business Needs A Coach

To Successfully Obtain Business Capital Every Business Needs A Coach

, if you are a company proprietor the job of acquiring organisation funding can be extremely overwhelming.. Since they have actually never ever been instructed exactly how to acquire funding as well as a result they have no idea where to start, the majority of organisations fall short. The Small Business Administration reports that 97% of company financing applications stop working.

The relevance of looking for specialist help when establishing up company credit rating has numerous organisation proprietors transforming to a service money trainer to aid them develop their service debt. One of the greatest errors made by service proprietors is that they try to acquire company funding utilizing their individual credit scores.

Till your company has 3 different company debt ratings, any type of funding that your organisation gets will certainly be based only on your individual debt ratings as well as your individual properties. You require to have company credit report ratings developed to also obtain looked at for an organisation car loan. Having company debt ratings developed are simply a beginning in the money procedure.

” Missing simply among the 20 things will certainly obtain your service rejected,” claims Finance Specialist James Christy. “If you comply with the action in a great service financing train you will certainly make certain that you have every one of the products finished.”

Lenders will certainly refute a company lending application if the service lawful name is not noted correctly with the 411 Directory Assistance. An additional method funding can be rejected is if your service has a financial institution score listed below a reduced 5 or if your organisation does not have credit history documents open with the 3 company debt reporting firms.

The procedure of developing organisation credit scores is a lot a lot more difficult than establishing up individual credit score. There is one organisation credit score company that will certainly attempt to bill you $500 simply to open your debt data.

A service financing instructor advises entrepreneur in a detailed style on precisely what they need to do to obtain their company all set to be authorized for funding as well as exactly how as well as why to develop business credit rating they require to obtain authorized. A trainer will certainly reveal a company exactly how to not just develop organisation debt, yet to construct great service credit scores that the financial institutions and also various other loaning firms will certainly utilize to accept your lending demand. An excellent money trainer will commonly route you to resources for company bank card, supplier credit lines and also for various other imaginative kinds of funding.

To locate an organisation financing trainer to assist your company construct exceptional service credit history you may most likely to your preferred internet search engine Google, Yahoo, or MSN and also do a look for the expression “organisation money trainer”.

The significance of looking for professional support when establishing up service credit rating has lots of service proprietors transforming to a service money trainer to aid them develop their company credit score. Till your organisation has 3 different service debt ratings, any kind of funding that your organisation obtains will certainly be based only on your individual credit report ratings as well as your individual possessions. An additional method funding can be rejected is if your organisation has a financial institution ranking listed below a reduced 5 or if your company does not have credit rating data open with the 3 service debt reporting firms. A company money train advises company proprietors in a detailed style on specifically what they should do to obtain their company all set to be authorized for funding as well as exactly how as well as why to develop the organisation debt ratings they require to obtain authorized. A train will certainly reveal a company just how to not just construct service credit report, yet to construct excellent organisation credit report that the financial institutions and also various other borrowing companies will certainly make use of to authorize your finance demand.

The post To Successfully Obtain Business Capital Every Business Needs A Coach appeared first on ROI Credit Builders.

Pay-roll Taxes

Pay-roll Taxes

In fact, pay-roll tax obligations incorporate Federal as well as state revenue tax obligation withholding, social protection as well as Medicare tax obligations (likewise recognized as FICA), Federal joblessness tax obligation (FUTA), as well as any kind of state as well as neighborhood joblessness tax obligations evaluated. With the introduction of the EFTPS, or Electronic Federal Tax Deposit System, tax obligations are currently paid on a regular monthly basis by all companies. The pay-roll tax obligations might likewise be paid by means of a tax obligation promo code that is taken to your financial institution and also provided with the cash to cover the pay-roll tax obligations due.
Every quarter, a Form 941 (or 943 for Agricultural workers) should be submitted with the IRS. The quantities reported on the 941 must integrate to the quantities kipped down every month through the tax obligation discount coupon or the EFTPS. At the end of the tax obligation year, a Form 940 or info return need to likewise be submitted.
If you are a little service with staff members, or you prepare to start running a service with workers, you require to recognize your tax obligation obligations as a company. W-4’s, W-2’s, I-9’s, all the work tax obligations you will certainly be liable for reporting, all the prices linked with those tax obligations. There is an incredible advantage to be had by spending the time as well as sources required to abide and also comprehend with all the government, state, as well as regional guidelines worried with workers and also pay-roll tax obligations.

In fact, pay-roll tax obligations incorporate Federal and also state revenue tax obligation withholding, social safety and security as well as Medicare tax obligations (additionally understood as FICA), Federal joblessness tax obligation (FUTA), as well as any type of state as well as regional joblessness tax obligations evaluated. With the arrival of the EFTPS, or Electronic Federal Tax Deposit System, tax obligations are currently paid on a month-to-month basis by all companies. The pay-roll tax obligations might likewise be paid using a tax obligation voucher that is taken to your financial institution as well as provided with the cash to cover the pay-roll tax obligations due.
W-4’s, W-2’s, I-9’s, all the work tax obligations you will certainly be accountable for reporting, all the prices linked with those tax obligations.

The post Pay-roll Taxes appeared first on ROI Credit Builders.