Download Free Book on Business Credit

Shortage of capital is the biggest challenge entrepreneurs say they face, and one of the most common reasons they fail. That’s the reason Rich Dad Advisor Garrett Sutton and Nav’s Head of Market Education Gerri Detweiler teamed up to write Finance Your Own Business: Get on the Financing Fast Track, a guide that will help … Read more

Beware of These Business Credit Traps

An entrepreneur had spent $80,000 buying a corporation that he was assured came with access to $250,000 in credit lines. He got the corporation, all right, but the promised credit lines never materialized, and he had to start from scratch. Oops. That story was shared with my friend Gerri Detweiler by small business attorney Garrett … Read more

I Bought a Small Business. How Do I Get a Business Credit Card? – Eve

“Dear Steve, I recently bought a small business that my father established before his death about a year ago. The business consists of intellectual property (music he composed, books he wrote, a piano teaching method, and audio CD’s to accompany same) created and marketed solely by my father. For the past year since my father’s … Read more

Tax Club Nailed by Federal Trade Commission

The Federal Trade Commission and the New York and Florida Attorneys General charged The Tax Club’s telemarketing operation with deceiving consumers who mistakenly believed its services would help their home-based business succeed. The agencies seek to end the allegedly illegal practices as part of their continuing efforts to stop scams that target financially strapped consumers. … Read more

The Bank Converted the Business Line of Credit to a Loan and Want More From Us. – Lisa

“Dear Michael, My husband and I lived comfortably and had a good run for the first 10 years of our 22 years of marriage. However, we helped others a little too much and then we ran into some issues when my husband lost his job and we were forced to open up his side business … Read more

Be Careful if You Use Your Personal Credit Card for Business Purchases

Now that the new CARD Act (Credit Card Accountability, Responsibility and Disclosure Act) has been implemented to prevent unfair interest rate hikes and protect consumers there is a big loophole if you use your personal credit card for business purchases. The problem is that the CARD Act does not apply for business or corporate credit … Read more