Rockglen Capital, a small-business funding service in Bentonville, AR, publishes longer articles for Benton County owners: whether a real estate agent can get a business loan, financing a CPA firm purchase, funding a cleaning company and buying a physical therapy clinic. The page also covers business credit scores, building business credit, cash flow forecasts and equipment loans versus leases.
Business credit score range in Bentonville, AR
Business credit scores are kept by commercial credit bureaus, each with its own scale and model, so there is no single range to quote. They draw on payment history with suppliers and lenders, public records and company size. Partners reading a small-business request may read the owner's personal score as well, since the two are closely tied for a small firm. Ask any partner which scores it reads.
How to build business credit score
- Register the business properly and keep its name and address the same everywhere.
- Open a business bank account and keep business money in it.
- Open trade accounts with suppliers that report payments, and pay on or before the due date.
- Use a business credit card or line and pay it on time.
- Check your business credit reports and correct errors.
How to do a cash flow forecast for a Benton County, AR business
List each month for the next twelve. In each, enter cash expected in, by source and by the date it actually arrives, not the invoice date, and cash going out: payroll on its dates, rent, suppliers, taxes, loan payments. The running balance shows the months where cash runs short. That gap, its size and timing, is what a funding request should be sized to.
Equipment loan vs lease in Bentonville, AR
A loan builds ownership; a lease buys use. A $1 buyout lease ends in ownership much like a loan; a fair market value lease lets you hand the item back. Equipment that changes with technology may suit a lease; equipment that lasts may suit a loan. See equipment financing for a worked example.
By Rockglen Capital · Updated