SCORE’s two latest infographics focus on financing challenges and mentorship’s impact on women entrepreneurs. They highlight the second and third parts of “The Megaphone of Main Street: Women’s Entrepreneurship.”
Securing a credit card for your business can be a great way to build up your credit score. Being a responsible card user can open up other financing opportunities for you down the road. Let’s look at the six biggest mistakes business owners make with their credit cards, and how you can avoid them.
Female small business owners seeking contracts with corporate or government clients face a lot of competition. One way to get an edge is to get your company certified as a woman-owned business. Read what certification can do for your small business.
There are many different sources of funding available these days; for established business owners with solid credit, a term loan is often one of the best options. Whatever your reason for needing working capital, long-term financing is likely a good solution.
There is some confusion about whether or not every small business has a credit profile (in addition to a personal credit score.) If your business is a registered business, including sole proprietorships, along with your personal credit score, your business will have a business credit profile.
Some challenges will put stress on your business — and yourself — more than others, and bouncing back after such a challenge can be crucial in your long-term recovery.