As the end of the year gets closer, we are reflecting about the innovation that our clients, staff, and partners bring to their work. From business owners like Mandy Harper, owner of Wholesome Bakery, who wanted delicious food for people with restrictive food allergies and created a business to support her community, to our partners…
In this newsletter Veteran Launch Update Credit Tip Resource For Your Business: CalSavers Thank You To Our Funders Resource For Your Business: Gusto Advising Corner: Your Business’ Online Presence Matters Meet Our Clients: Degrees Plato Resource For Your Business: Venturize Welcome To Our Newest Clients Veteran Launch Update As we wrap up our fiscal year,…
Karla De Leon is Main Street Launch’s Lead Business Advisor. She offers tips and advice to entrepreneurs to help them start and grow their small businesses. This tip is about how lending circles can support a small business owner who wants to establish or improve credit. As a business owner, making sure you are…
Keep your balances low (<30%) to maintain a healthy credit score.
Only time will heal the negative impact of a late payment on an active trade line.
A single delinquency could reduce your score by 100 points.
This week OBDC Small Business Finance was selected as part of Better Bay Area, a program supported by Mission Asset Fund, Google, Silicon Valley Community Foundation, and Y&H Soda Family Foundation to bring the power of lending circles to a larger network of communities across the Bay Area. OBDC is planning to use lending circles to support borrowers in building credit, receiving financial education, and in growing their networks to help their businesses thrive.
