Building Business Credit
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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.
A little inside knowledge, and some action, could be all that is standing between your business success and wealth, or a "Going Out Of Business" sign on the front of you business.
Unfortunately, most business fail. Also, most entrepreneurs don't know the difference between the "business credit" you local bank extends you when you start a business, and true corporae credit.
click here to find out the difference!
There was a series of events that happened to us, and then with a struggling potential entrepeneur that resulted in us publishing this information. If we had known this information 15 years ago who knows where we'd be now!
To read the details of our complete credit mis-adventure, click here
Patti & Robert Farnham
(authors of "Corporate Credit Power)
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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!
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your email information will NEVER be sold, rented or traded. Period! |
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Imagine Being Able To Open, Start, Buy or Expand
Your Business WITHOUT Begging a Banker,
Friend or Relative For Financing!
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Readers Comments
I have a friend who has no money, credit, etc but does have a great idea
for a business (after working for a few companies in the same genre). He
knows how to cut the corners his ex-bosses had to endure, has a good,
original marketing plan, but like I said: no financing. After reading your info I know your
latest book will do the trick for him. Glad you guys were there the first
time; and it looks like this is a real winner too. Keep me posted if you write anything else.
Thanks again,
Gord B.
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