Can I sell my franchise to someone else? Yes, you can sell a franchise to someone else, but the process […]
What Effects a Business Credit Score?
Like personal credit scoring, business credit scores provide a quick view of risk potential based on where the score falls on the scale. The higher the score, the lower the risk. Unlike personal credit scoring, business credit scores use a scale that ranges from 0 to 100.
There are several things that can affect your company's business credit score.
- Any derogatory public records on the business Credit, such as collections, late payments, liens, judgments or bankruptcies
- The status of liens, judgments, or bankruptcies such as the frequency and the dollar amounts.
- The increased of slow payments. (The earlier you pay the better it reflects on the report).
- Number of business credit inquiries by the Business or business owner, this also includes applications that are submitted.
- The number of trade experiences, balances outstanding, payment habits, credit use and trends over time.
- Years in business
Maryann Venable - With over a decade of experience in assisting individuals in managing their debt and rebuilding their credit rating…Maryanne is an expert in the field. Without having a good business credit profile it will be a difficult path to success without having access to working capital and funding. When buying a franchise your credit rating is a crucial part of the qualification process.
Recent Articles
Why a Salad Franchise is a Fruitful Financial Opportunity
Are salad franchises profitable? Salad franchises can be profitable, but success depends on various factors including location, competition, quality of […]
Home-based Franchise: 12 Options You Can Run Remotely
Can you run a franchise from home? Yes, it is possible to run a home-based franchise, depending on the nature […]
Turnkey Business for Sale: What to Know Before You Buy
Are turnkey businesses profitable? The profitability of turnkey businesses can vary depending on various factors such as the industry, market […]
In Business for Yourself.. and Totally by Yourself !
The much used statement, which screams the benefit of buying a franchise: “In Business For Yourself BUT Not By Yourself,” […]
7-Eleven Franchise: What to Know About Owning a Convenience Store
Owning a 7-Eleven franchise involves a unique business model that is somewhat different from other franchising opportunities. Here's an overview […]
Featured Franchisors
Featured Resales
Young Chef's Academy - New City, NY
Established Children's Cooking Franchise in New City, New York
Featured Resales
Carvel franchise - Lindenhurst, NY
Carvel® Ice Cream franchise for sale in a great location!
Custom Window Coverings Business
Opportunity to own an existing custom window coverings franchise
Professor Egghead - San Fernando Valley
Established Professor Egghead franchise business for sale.
7-Eleven - Springfield, New Jersey
7-Eleven franchise for sale in Springfield, New Jersey
