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2. How to open a credit file for a new business - AOL

   www.aol.com/finance/open-credit-file-business...

   You can open a business credit file by contacting the IRS for an Employer Identification Number and by opening up a bank account dedicated to your business. Once you have commercial lending ...

3. What is a business line of credit and how does it work? - AOL

   www.aol.com/finance/business-line-credit-does...

   A business line of credit gives companies a revolving line of credit to use as they need. You can explore a secured or unsecured line of credit. Eligibility criteria for lines of credit usually ...

4. Letter of credit - Wikipedia

   en.wikipedia.org/wiki/Letter_of_credit

   That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly. Thus, the seller relies on the credit risk of the bank, rather than the buyer, to receive payment.

5. What documents are required for a business line of credit? - AOL

   www.aol.com/finance/documents-required-business...

   Bankrate insight. According to the SBA weekly lending report, so far in 2023, most SBA CAPLines have loan amounts between $350,000 and $500,000 (14.3 percent) and $500,000 and $2 million (54.5 ...

6. Small Business Administration - Wikipedia

   en.wikipedia.org/wiki/Small_Business_Administration

   History. The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. Tooltip Public Law (United States) 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction ...

7. Credit score in the United States - Wikipedia

   en.wikipedia.org/wiki/Credit_score_in_the_United...

   Although various methods of estimating creditworthiness existed before, modern credit scoring models date to 1958, when Bill Fair and Earl Isaac created Credit Application Scoring Algorithms, their first credit scoring system. FICO score. The FICO score was first introduced in 1989 by FICO, then called Fair, Isaac, and Company.