Business Credit Report

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A business credit report assesses the creditworthiness of a company by providing data on a company’s financial health, payment history and overall history with the purpose of that company obtaining…

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Bookkeeping

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Bookkeeping is the recording, management and reporting of a company, organization or individual’s financial transactions from a general ledger. Bookkeeping is vital for business planning, investing and financial management and…

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Bootstrapping

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Bootstrapping is when a business is started with its owner’s personal resources, such as funding the company entirely with their own money, without receiving outside help and continuing to support…

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Bankruptcy

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Bankruptcy is a legal process for individuals, companies or other entities that are not able to pay their outstanding debt to creditors. Bankruptcy can offer reprieve of some or all…

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Balloon Loan

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A balloon loan is a type of loan often used when purchasing real estate, auto loans or acquiring a business. Interest rates are typically low and payments are made over…

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Special Assets Department

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Special Assets Department or Bank Workout Group is the department within a lender that handles business loans and other types of funding that are in trouble. When a business has…

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Know Your Customer (KYC)

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Know Your Customer, also known as Know Your Client or simply KYC, is the process of a financial institution verifying a potential client or current client’s risk tolerance and financial…

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