If you’re looking to acquire another business in order to grow yours, it may be worth it to consider using an SBA loan. Using an SBA loan to buy a business can give you affordable interest rates and reasonable repayment terms.  Before you get started, it’s important to prepare yourself for the process, take the […] The post How to Use an SBA Loan to Buy a Business appeared first on Credit Strong ..read more

SBA loans, which are partially guaranteed by the Small Business Administration, can be an excellent way to get the funding you need for your business. They often come with low-interest rates and favorable repayment terms. That said, the application and approval process can take several weeks or even months. Knowing how to apply for an […] The post How to Apply for an SBA Loan appeared first on Credit Strong ..read more

Whether you’re looking to cover a short-term supply purchase or you’re financing a long-term expansion, there’s a business loan that can help you through it. You likely already have a specific number in mind, but you’re not exactly sure if you’ll get approved for it.  When setting your company up for success, choosing the right […] The post How Much Of A Business Loan Can I Get?  appeared first on Credit Strong ..read more

Whether you’re just starting out or you’re looking to expand your business, understanding how to get a $100k business loan can help you secure the capital you need to build your business the way you want.  Obtaining that much financing can be challenging, especially if you’re a startup with no business credit history or financial […] The post How to Get a $100K Business Loan appeared first on Credit Strong ..read more

When it comes to enhancing your credit profile, understanding the difference between credit repair and credit building is crucial. Both are essential components of achieving and maintaining good credit health, but they approach the problem from different angles. In this comprehensive guide, we will explore credit building versus credit repair, the key concepts involved, and […] The post Credit Repair vs. Credit Building: Understanding the Differences  appeared first on Credit Strong ..read more

Consumers today who are struggling with poor credit history may consider seeking assistance from a reputable credit repair company that can help with fixing their bad credit. Keep in mind that most of these companies charge initial and ongoing fees for providing these services. The Federal Trade Commission explains that fraud is common in this […] The post Who Can Help Me Fix My Credit? appeared first on Credit Strong ..read more

Late payments can happen to the best of us, whether it’s due to a job loss, financial crisis, or a financial emergency. Unfortunately, regardless of the reason, they will affect your credit score.  They won’t stay on it forever, though—and there are ways to both prevent them and minimize the adverse results that they have. […] The post How Long Do Late Payments Stay on Your Credit Report?—Everything You Need To Know appeared first on Credit Strong ..read more

While the presence of hard inquiries on your credit report can significantly impact your overall creditworthiness, applying for credit or loan-related services will inevitably lead to a hard inquiry being recorded. But how long do hard inquiries stay on your credit report? To help you preserve an excellent credit score and maintain your financial health, […] The post How Long Do Hard Inquiries Stay on Your Credit Report—The Timeline Explained appeared first on Credit Strong ..read more

Public records usually appear on your credit report as the result of a financial disaster. Evictions, foreclosures, bankruptcies, and judgments are terrible news for your credit. Each one of these affects your credit reports and scores differently. We’ll explain each public record in detail below. What Do Public Records Mean on a Credit Report? Public […] The post The Potential Impact of Adverse Public Records on Credit Reports appeared first on Credit Strong ..read more

Business and personal loans both provide you with a lump sum that you repay in monthly installments. However, while there’s some significant overlap in their functionalities, they’re not interchangeable. If you’re looking to borrow, here’s everything you need to know about business loans versus personal loans in order to determine which makes the most sense […] The post Business Loan vs. Personal Loan: Which Should You Choose? appeared first on Credit Strong ..read more