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Articles on Finances

Why Personal Credit Matters When Applying for a Business Loan

If you’re a small business owner looking for a business loan, you might be wondering why lenders want to know your personal credit score.  It makes sense that they’d review your business’ financials, your business plan, and your business credit score, which shows how creditworthy your business has been since you applied for an Employer Read more >

5 Ways to Combat Your Business Financial Emergency

Some say running a business is risky. The risks often start to surface as soon as you’re hit with an unexpected expense or a business financial emergency.   According to CB Insights, 30% of businesses fail because the owner runs out of money. Your computer breaks. Equipment needs to be repaired. A vital team member Read more >

Handling Overhead Costs for Small Businesses

Overhead costs are the basic operating expenses of running a business. These costs include fixed expenses such as rent, insurance, utilities, maintenance, employee salaries, and legal and accounting costs, as well as variable costs such as marketing and office supplies. When trying to cut down on expenses, most people think about laying off staff. While Read more >

4 Tips on Building Your Business While Paying Off Loans

One of the top causes of small business failure is lack of funding to not only launch but also grow in the first years. The simple solution is to take out a business loan to ensure you have enough to cover your expenses until profits start rolling in. But what happens when you’ve taken out Read more >

Millennials Taking Different Approach to Small Business Ownership

Most small business owners (SBOs) get their start because they have an entrepreneurial mindset and desire to be their own boss. How and why SBOs operate is very different across generations, according to TD Bank’s 2018 Small Business Survey of nearly 580 SBOs. Millennials (adults ages 18 to 34) frequently are stereotyped as being impulsive Read more >

What Should Your Long-Term Business Financial Goals Look Like?

You have a handle on your personal financial goals, but what if you’re an entrepreneur? How you manage your business’ finances may look drastically different from your strategy for personal finances.   Whether you run a one-person show or have an extended team, being able to manage both the day-to-day of your finances as well Read more >

Small Business Credit Awareness FAQs with Jay DesMarteau of TD Bank

Recently, the NFCC had a Twitter Q&A with Jay DesMarteau, Head of Regional Commercial Specialty Segments at TD Bank to discuss small business credit profiles, scores, and basic small business credit awareness. Check out the great information that was shared below. When does a small business begin to establish credit? A small business starts a Read more >

3 Tips to Put Small Business Ideas in Motion

According to a study by Upwork and Freelancers Union in 2017, the U.S. workforce is predicted to become majority freelancers, or small business owners in the next decade. Since the IRS views freelancers, as self-employed, they must file as business owners. In a recent online poll conducted by the National Foundation for Credit Counseling® (NFCC®), Read more >

A Small Business Owner’s Guide to Better Bookkeeping

One of the most underappreciated yet vital aspects of running a business is bookkeeping. Far from the most glamorous part of entrepreneurship, keeping detailed financial records can be the difference between success and bankruptcy for small businesses. Bookkeeping requires time and effort, but you cannot put a price on having a clear sense of your Read more >

Who is the NFCC?

We are the National Foundation for Credit Counseling (NFCC). Founded in 1951, the NFCC is the nation’s first and largest nonprofit dedicated to improving people’s financial well-being.

NFCC members help millions of consumers like you through community-based offices serving all 50 states and Puerto Rico. Each NFCC member agency has earned our seal by adhering to high standards and ethical practices designed to help you achieve financial stability.

For more on the NFCC, visit


Thank you to TD Bank, America’s Most Convenient Bank® and The TD Charitable Foundation, the charitable giving arm of TD Bank, for their exclusive support and commitment to NFCC’s small business owner financial coaching and education program.