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Credit is your ability to borrow money (or get something now and pay later). You�re probably familiar with the concept when it comes to your personal credit scores, but credit for your business is separate from your personal credit � at least it should be..A strong business credit profile doesn�t just help you secure a loan; it�s also important for attracting new business. Unlike with personal credit reports, anyone � including potential customers, partners and suppliers � can look at your business credit report. Those parties look at your report as an employer would an individual�s resume. How to build business credit . Keep your information current with all three credit bureaus. There are several credit bureaus that collect data and create business credit scores. Establish trade lines with your suppliers.If you buy supplies, ingredients or other materials from third-party vendors, those purchases could help build your business credit. Many suppliers extend trade credit, which means they allow you to pay several days or weeks after you receive the inventory. Make payments to creditors on time or early. Although each credit bureau uses slightly different methods of crunching business credit scores, all of them consider your history of paying creditors. To ensure a good score, make sure your payments are on time or, even better, early. Borrow from lenders that report to credit bureaus. Keep your public records clean. Mind your personal credit rating. Apply for credit before you need it. Grow your credit and use it. Forge relationships with more than one lender. Remember that traditional banks are not your only shot at credit, Wright says. There are a growing number of other options, such as securing investors, like Deutschmann did. Other resources include asset-based lenders, which focus more on collateral rather than credit worthiness, factoring -- which lets you borrow against your accounts receivables.Keep things separate, Better terms, Better financing, Increased sales. How do you build credit for a business?How do you check your business credit score for free?How can a business get credit?How do I build up my business credit without using my personal credit?How do I start a business credit file?How do you build credit fast?What is the best business credit card to have?How can you tell if a company is legit?Can you get a business credit card for a new business?How do I get a DUNS number for my business? A business plan for a service business is different than a plan for other types of businesses. That's why a sample business plan for an accountant, insurance agent, self storage business, cleaning service, dry cleaning, travel agent or other service business will be so helpful. A comprehensive, unique, business plan, backed by supporting data, is the only way to achieve your ultimate goal of funding your business. A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan. The result is a single monthly payment instead of multiple payments. Loan consolidation can also give you access to additional loan repayment plans and forgiveness programs. A Direct Consolidation Loan has a fixed interest rate for the life of the loan. The fixed rate is the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of one percent. There is no cap on the interest rate of a Direct Consolidation Loan. SoFi is an online loan company that offers student loan refinancing options, mortgages and personal loans. SoFi offers some of the lowest interest rates and the best consumer experience in the market. If you're hopelessly drowning in debt, know that you can't negotiate any lower interest rates with your credit card companies or creditors, or if the math works out, a debt consolidation loan may be a good decision for you. ... If it may be a good time to strike, pay it all off, and walk away debt-free. Instead, you will owe the debt consolidation company an amount equal to the total sum of all your debts. And you will pay a monthly payment to them, which will go toward paying the principal of the loan as well as interest and fees. If you can get a low interest rate, this may be a good option. An unsecured personal loan offering the chance to borrow up to �15,000 over five years, for example, is a popular alternative to a homeowner loan. Not only does this option avoid putting your home at risk, it may also come with even lower interest rates - if you can limit your borrowing to �15,000 and qualify for the market-leading deals. Consolidation can take anywhere from 30 to 90 days; in rare cases, it may take longer. The process involves the transmission and processing of payoff statements, called Loan Verification Certificates (LVCs), which can take time. If you have multiple federal student loans and want to simplify your payments, consolidating can be a smart strategy. One way to consolidate your debt is to apply for a federal Direct Consolidation Loan. ... Often, Direct Consolidation is required in order to enroll in federal programs such as income-based repayment. Consolidation is similar to refinancing a loan. You can consolidate all, just some, or even just one of your student loans. Consolidating federal student loans may be a good strategy to lower monthly payments or to get out of default, but it is not always a good idea. Consolidation is similar to refinancing a loan. You can consolidate all, just some, or even just one of your student loans. Consolidating federal student loans may be a good strategy to lower monthly payments or to get out of default, but it is not always a good idea. An annuity loan is a type of loan an annuity holder borrows money against the cash value of the annuity contract. This type of loan allows individuals to access their retirement funds without going through the hassle of cashing out the annuity. Withdrawing money from an annuity can be a costly move, so make sure you review your plan's rules and federal law before you do. Non-qualified annuities have been used to secure loans for years. The monetary value of a non-qualified annuity or life insurance product can be used as temporary collateral for a loan. When considering using a qualified annuity as collateral, however, make sure to consult your tax accountant. An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments and in return obtain regular disbursements beginning either immediately or at some point in the future. The goal of annuities is to provide a steady stream of income during retirement. Typically, you face a 10% tax on any money you withdraw early. You also have to pay the ordinary income taxes, which were deferred to that point, on the withdrawn money. If you are buying or building your first home and borrowing from an annuity for the down payment, the IRS grants an exemption to the penalty tax. If the annuitant dies before the defined benefit is paid, some plans provide for the remaining benefits to be paid to a beneficiary. ... Upon death, all payments stop. However, another option is to have a joint life annuity that guarantees payment for both your lifetime and that of your beneficiary. The biggest advantages annuities offer is that they allow you to sock away a larger amount of cash and defer paying taxes. Unlike other tax-deferred retirement accounts such as 401(k)s and IRAs, there is no annual contribution limit for an annuity. The reason why your VoIP conference call becomes distorted is that the audio is being transfer across numerous hubs and routers. VoIP phone systems are suitable for any type of business that has access to the Internet. Many universities, for example, have switched to VoIP systems. Businesses that frequently place calls to clients and other businesses, across the country or around the world, may use these systems due to the cost savings that are associated with them. In fact, the reduction in overall cost is one of the main benefits of using VoIP over traditional phones. In addition to no or low long-distance costs (some may even offer unlimited calling nationwide), VoIP systems offer lower monthly and yearly rates and often do not require a contract. Businesses can also often enjoy additional features from these types of systems. In addition to conference calling, voice mail, caller ID, and other common features, businesses may also have access to virtual receptionists, the ability to forward email and/or voice mail to a mobile phone, or customizable call screening and forwarding functions. Overall, switching to VoIP telephone systems is a wise choice for many companies. With advanced technology and lower costs, many businesses are seeing the benefit of switching their phone systems. However, not all VoIP solutions will work for all companies. Careful research and finding the most suitable VoIP system are the best ways for companies to take advantage of this new technology. Conference calling is by no means an exotic or unknown feature in analog enterprise phone systems. Long before VoIP came onto the scene, many businesses were utilizing conference calling to improve collaboration and reduce expenses. How do I franchise my business? The primary barrier to expansion that today's entrepreneur faces is lack of capital. And franchising allows companies to expand without the risk of debt or the cost of equity. ... Franchising allows entrepreneurs to overcome many of these problems by substituting a motivated franchisee for a unit manager. How much does it cost to set up the franchise? How do you start a franchise business? How much money do you make owning a franchise? Generally, it involves the owner of a business (known as the franchisor) licensing to a third party (known as the franchisee) the right to operate a business or distribute goods and/or services using the franchisor's business name and systems (which varies depending on the franchisor) for an agreed period of time. What is the best franchise to buy? What percentage does a franchise get? All the legal documents should do is describe the business and the terms you are offering to your franchisees. The process of basing your business strategy on legal questionnaires is simply insufficient for the design, development, long-term growth, management, and financial wellbeing of your franchise system. The term "Franchise Consultant" is now more commonly used to refer to someone who helps potential franchisees open a new franchise and who helps franchisors expand their business. They typically help people at both ends of the business. How much do franchise business consultants make? How do you make money trading money? Investors can trade almost any currency in the world. Investors, as individuals, countries, and corporations, may trade in the forex if they have enough financial capital to get started and are astute enough to make money at it.How to Make Lots of Money in Online Stock Trading. Can I Make Money Day Trading Part-Time?How to Trade Forex Online