Building Business Credit
|
Building Business Credit
Building business credit is a process that evolves over time so be prepared that you aren’t going to be able to access it the second you start a new business. You will need to provide information regarding the structure of the business and the estimated earnings. One of the easiest ways to start building business credit is to apply for a couple of business credit cards.
Even if they don’t have a high credit limit it is a good way to start building business credit that shows you are responsible. Use them to buy a few necessities for the business and pay the bill in full when due. Start paving the road for a good record of paying your business credit cards on time.
It is important to have your business structure set up so that it will be stable in the eyes of lenders. This means having your invoices with your business name, ordering supplies under a business name instead of the name of the owner, etc. Building business credit means you are willing to go the extra mile to establish your business as a separate entity that can stand alone. You can start building business credit by making small purchases from companies that you know will report them to the major credit bureaus.
Unfortunately, there are not college courses teaching "How To Build Real Corporate Credit". (And if there are, they are probably taught by someone who's never owned their own business!)
The statistics don't lie. Most new businesses fail due to "lack of proper financing". We became frustrated after being blind sided by a credit system we thought we understood. Sometimes it's just a lack of insider information that causes problems, and the unfortunate consequences. Not getting the proper information and building reserve financing BEFORE you need it can be the kiss of death for many new enterprises!
To read the complete story of our business credit mis-adventure click here
It is our hope that this inside inforamtion might stop the growing statistics of business owners losing their dreams. So, before you spend your hard earned money designing, starting and building your buiness, we urge you to get ALL your financing in place first, starting today!
There is a LARGE majority of well meaning, hard working business owners who simply aren't aware of the "insider secrets" to obtaining HUGE amounts of unsecured corporate credit, without personal guarantees. If you would like to know what caused us to sit down and write out this information, click here to read that story.
Patti & Robert Farnham
(authors of "Corporate Credit Power)
|
|
|
|
FREE REPORT!
"Do You Know The Real Difference
Between Business Credit and
True Corporate Credit??"
(the information most local banks and credit card issuers are desperately hoping you won't discover!)
| Simply fill out your name and primary email address. You will receive immediate access to this eye opening information!
|
your email information will NEVER be sold, rented or traded. Period! |
|
Imagine Being Able To Open, Start, Buy or Expand
Your Business WITHOUT Begging a Banker,
Friend or Relative For Financing!
|
Readers Comments
Thank you Patti & Rob.
I have read the entire ebook and just like you, I
have made a lot of mistakes in the past but with God's direction and the
instructions from your ebook, I think I will be successful while going
forward this time around. I have screwed up my personal credit, as well as
my wifes and am going to be careful with "every" decision I make in the
future. I am hoping that this is going to be the best investment of $47, I
will ever make in my entire life. I will follow it to the tee!
Respectfully,
Vernon McC
|
