Your credit score is an important part of your loan application. But it takes more than on-time payments to build a good credit score. Five factors help explain how credit agencies evaluate the information in your credit reports when calculating your personal credit score. The better your score on each of these factors, the higher your overall credit score. These five main factors include:
Access to Capital
Venturize is a free online resource hub for small business owners who need help accessing tools and resources to grow their businesses. Managed by nonprofit organization Small Business Majority, Venturize offers unbiased education and resources about small business loans, retirement and healthcare options to empower entrepreneurs to make the best financial decisions for their business.
This post originally appeared on the blog of CDC Small Business Finance
Knowledge is power. This is especially true when it comes to learning the facts so you’ll know what to do to give your business the financial boost it needs to thrive.
Did you know there are more than 2.5 million veteran-owned businesses in the U.S? Our nation’s veterans are hard-working, resilient and resourceful, making them specially equipped for entrepreneurship. However, they can often face significant obstacles when it comes to accessing capital and business networks. If this sounds familiar to you, you’ve come to the right place. In honor of National Veterans Small Business Week, we’re sharing some of our favorite stories of successful veteran entrepreneurs and resources that can help you start and grow a veteran-owned business.
While many 13-year-olds dream of becoming firefighters or football players, 13-year-old Johnathon Bush not only dreamed of being an entrepreneur but was already becoming one. While growing up in Toledo, Ohio, he realized the only way he could make money at a young age was through entrepreneurship, so he started baking cookies and selling them to friends and family. But, his bake sales evolved into something bigger than his middle school self could have expected.
El gobierno federal invierte miles de millones de dólares en contratos cada año, lo que lo convierte en el mayor comprador de bienes y servicios del país. Trabajar con el gobierno como proveedor o contratista es una gran oportunidad para las pequeñas empresas, especialmente porque las agencias federales tienen la obligación de contratar al menos el 23 % de los servicios de dueños de pequeñas empresas.
Los propietarios de pequeñas empresas como usted pueden hacer mucho por su cuenta para poner en marcha su negocio, incluso escribir un plan de negocios, solicitar una licencia o permiso y acceder a un número de identificación de empleador. Sin embargo, hay algunas tareas legales que es mejor dejar a los profesionales.
Esta es la última publicación de nuestra serie, "Convierta su brillante idea en un negocio".
As an organization committed to creating access to capital for Latino entrepreneurs, we feel it is critical to share a look at the state of Latino-owned businesses. We encourage everyone to ask themselves if they are stepping up to support Latino small business growth and success.