credit

How Idaho Central Credit Union grew into the biggest financial institution …
smallbusinesscreditnews.com

“As a financially conservative small businessman, my survival depends on my ability to make it year after year,” Pori says. “Credit unions understand that in their business practices.” Katherine Jones — kjones@idahostatesman.comBuy Photo. Story Photos …

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Rentsys Recovery Services Reaches Milestone for Number of Bank and Credit …
smallbusinesscreditnews.com

COLLEGE STATION, Texas–(BUSINESS WIRE)–Rentsys Recovery Services, a provider of comprehensive disaster recovery solutions for banks, credit unions, mortgage lenders and other organizations, announced it now provides more than 1,900 contracted …

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Junior Gets Whacked by Dad’s Whack Credit
smallbusinesscreditnews.com

My father is 70 years old, filed bankruptcy twice and still has multiple past-due accounts. Since I was 18 years old, my dad’s credit has been getting mixed up with mine, negatively affecting my credit. No matter how many times I’ve disputed these …

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Larimer County credit unions, banks at odds over lending cap
smallbusinesscreditnews.com

Credit union representatives, however, say banks don’t want the competition. “They say it will hurt business, but it’s taken us more than 100 years to gain 6 percent of the market for small business loans and deposits,” Maus said. “Even if we doubled …

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Udall re-introduces measure to boost credit union lending
smallbusinesscreditnews.com

At issue is a credit–union lending cap Congress adopted in 1998, under which the member-owned, nonprofit institutions must limit business loans to 12.25 percent of their assets. Udall’s bill would raise the limit to 27.5 percent, and proponents say …

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How to manage your credit
smallbusinesscreditnews.com

A good credit management policy – putting procedures in place to make sure debts are paid – is essential for small businesses to ensure a healthy cash flow. Poor cash flow can tip profitable businesses into insolvency if they can’t get the cash on time …

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Should You Get a Small Business Credit Card?
smallbusinesscreditnews.com

… to take the plunge and launch a new business. Shazam! Suddenly you are required to acquire a whole range of new types of expertise, from marketing and sales to taxes and accounting. … Sekar quickly ticks off the main advantages of a small …

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Why Small Businesses Have Trouble Getting Credit
smallbusinesscreditnews.com

Even among small businesses, the smaller the company, the lower the odds that it has a loan (see figure below) or a line of credit. Only 15.7 percent of businesses with one or fewer employees have a business loan and only 33.7 percent have a line of …

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