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.

Here is a horrific fact. Most businesses fail!
Why?
The majority of new entrepeneurs run out of financing. And when they scramble to find more financing, they realize they didn't know the "second" set of rules. By that time, it's simply too late!

The good new is that this "second set" of credit rules ISN'T rocket science. It does take a little time, and diligence, but anyone who uses this information gain access to large amounts of unsecured credit (even with awful personal credit!) This credit can be leveraged to make you WEALTHY!

Unfortunately, many new owners simply don't have this insider knowledge and won't succeed in today's environment. Too many hard working entrepeneurs are losing their personal money, and their dreams, due to a lack of this specific information.

If you are thinking about starting a new business, or struggling to make your current enterprise profitable, please read our story

We made the mistakes. Actually, it's only a "mistake" if you don't learn from it. We prefer to call our "business credit mis-adventure" a "LEARNING EXPERIENCE".
Click Here To Read About Our Business Credit Mis-adventure!

After learning that "we didn't know what we didn't know", one particular struggling potential entrepeneur caused us to write down this information. By telling this lady the information we had researched, she was able to finance and create a profitable business. When she first contacted us she was about to make a fatal business mistake. We we're glad to help, and realized we needed to publish our findings. To read more about that story, And learn more about our "insider business credit secrets" (click here)

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Readers Comments

Thank you very much!
Just a quick note. It is very easy to see that the customer service you talk about in your previous businesses is still very strong with you today. I wish I had "Corporate Credit Power" before I had gone to purchase my laundry outlet. I paid a kings ransom for an "expert" to get me the financing I needed. I would have avoided a few sharks by following your advice. I'm going to get started on your prescribed path so I can expand when the time is right (without the sharks commission)
Thank you again for a wonderful job.

Bill C.