Latest / Cash Flow Conversations with Fexingo: Working Capital, Receivables, and Small Business Finance
How a Landlord Used Rent Payment Data to Unlock Business Credit
Episode 96 of Cash Flow Conversations explores how a small commercial landlord in Columbus, Ohio, turned unpaid rent data into a credit-building tool. When banks denied a line of credit due to thin business credit history, the landlord used a rent-reporting service to report on-time rent payments to business credit bureaus. Over 12 months, the landlord built a credit profile that unlocked a $75,000 line of credit at 8.9% APR — far better than the 22% offered by merchant cash advances. We walk through the mechanics of rent reporting for businesses, the specific bureaus that accept commercial…
The skinny
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