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Leverage what you learned during busy season

Posted by Sageworks
Leverage what you learned during busy season

Busy season is the perfect time to learn more about your clients and their businesses. Think back to the conversations you had and what they shared with you. Did they mention any changes or concerns with their life or business? Even if you weren’t able to spend a lot of time with them during tax season, that doesn’t mean you haven’t learned new things about their business. ...

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3 Quick tips to establish small business credit

Posted by Sageworks
3 Quick tips to establish small business credit

Many small businesses have trouble attaining lines of credit or loans because they don’t have established credit scores. The Catch-22 is that you need successful transactional histories to increase credit scores, but most suppliers and vendors are hesitant to conduct business on credit if your credit scores are too low or nonexistent. That said, there are a few things small businesses can do to get over these initial hurdles. ...

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Factors that affect small business credit

Posted by Sageworks
Factors that affect small business credit

Many small private businesses are finding it challenging to access financial resources for growth at a time when lenders are still cautious and facing pressure to avoid risky loans. Many businesses already know this, because they have seen their borrowing requests rejected by a lender. Others may be considering starting a loan application and want to ensure the business is best prepared to receive an approval. ...

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Businesses reducing credit risk in tough economic times

Posted by Sageworks
Businesses reducing credit risk in tough economic times

Recent challenges in the U.S. have bolstered the need for examining credit risk. The financial and operational risks to business owners are evident in several statistics. The 44,435 business bankruptcies that have been filed in the 12 months ended June 30 remain more than 28 percent higher than the annual average between 2000 and 2006. What can companies do to minimize credit risk with partner businesses? ...

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