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What a 50-Year Mortgage Teaches Us About Equipment Loans
Understanding how interest compounds (and what it means for your bottom line) I don't typically watch the news. I'll read articles here and there, track stories regarding the market and government moves, BUT when talk of 50-year mortgages hit the news, I really wanted to see what everyone was saying. Face value, it seems like it would help expand purchasing power without putting much downward pressure on home prices. Then you look at the numbers, and first thought was the
Jared Holmes
Nov 123 min read
Should You Choose a Shorter Loan Term in an Inverted Rate Environment?
When most business owners think about loans, they assume short-term loans come with lower rates and long-term loans cost more. But...
Jared Holmes
Sep 223 min read
What’s the Real Impact of Credit Inquiries on Your Score?
Each time you apply for new credit, it can generate a hard inquiry. And while one or two isn’t a big deal, too many in a short time can raise red flags.
Jared Holmes
Jun 181 min read
How Many Credit Accounts Is Too Many? (Or Not Enough?)
Up next on our personal credit series... Number of accounts! Your credit score takes into account how many open accounts you have—but it’s not just about quantity. Lenders want to see that you can responsibly manage multiple accounts
Jared Holmes
Jun 161 min read
Revolving Credit Utilization: Why It Matters and How to Improve It Fast
Writing a business blog without discussing personal credit and the components that comprise your score feels like teaching someone to ride a bike without wheels. In my career in business finance I can't count the number of times a few tweaks to a client's personal credit score could have boosted the overall appeal of a request to either push it from a decline to an approval, or a good approval to a great approval.
Jared Holmes
Jun 112 min read
Upgrade Your Business Without the Cash Strain—How Equipment Financing Works
Running a business often means staying ahead with the right equipment—whether it’s trucks, medical devices, or heavy machinery. But buying equipment outright can tie up cash you’d rather keep on hand. That’s where Equipment Financing comes in.
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May 201 min read
What Rising Interest Rates Mean for Business Owners
Interest rates are climbing—and if you're a business owner, that can mean more than just higher monthly payments. From the cost of borrowing to the value of your cash reserves, rising rates can affect nearly every part of your financial strategy.
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May 21 min read
Working Capital Loan vs. Line of Credit: What’s the Difference?
When your business needs cash for day-to-day operations, you have a few great financing options—but two of the most common are working capital loans and lines of credit. While both provide access to funds, they serve different needs.
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Apr 292 min read
How Past Defaults and Delinquencies Impact Your PayNet Score
PayNet tracks serious credit issues like defaults, collections, and major delinquencies. These negative marks have a significant effect on your score.
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Apr 221 min read
The Role of Industry Comparisons in PayNet Scoring
Your business doesn’t operate in a vacuum. PayNet benchmarks your performance against others in your industry to help lenders assess relative risk.
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Apr 171 min read
How Payment Trends Affect Your PayNet Credit Profile
Over the years, I’ve seen credit reporting in the commercial lending world grow more complex and confusing for business owners. By diving into specific areas of each credit eport my hope is I can bring some clarity and actionable items to help business owners acquire business loans with more confidence and less uncertainty.
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Apr 142 min read
Understanding Trade Credit History in Your PayNet Report
Trade credit history plays a vital role in how lenders view your business's financial behavior. In your PayNet report, this section outlines how reliably you pay back vendors and suppliers who extend credit terms.
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Apr 111 min read
Understanding UCC Filings: What Business Owners Need to Know
When applying for business financing, you may come across the term UCC filing—but what exactly does it mean, and how does it impact your business? Understanding UCC filings is essential for business owners who want to navigate commercial loans and protect their assets effectively.
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Apr 42 min read
Understanding EBITDA: A Key Metric for Business Loans
When applying for a business loan, lenders analyze several financial metrics to assess your company’s ability to repay debt. One of the most important figures they consider is EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). But what exactly does EBITDA mean, and why does it matter for your business financing?
Jared Holmes
Feb 182 min read
Understanding Comparable Debt
Securing a commercial loan requires lenders to assess multiple financial factors, one of which is comparable debt. Understanding how comparable debt is evaluated can help business owners better prepare for loan applications and improve their chances of approval.
Jared Holmes
Feb 102 min read
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