Commercial Credit

Commercial Credit

Commercial credit provides you with a convenient way to manage your business expenses. There are several different forms of commercial credit including business credit cards, loans, and lines of credit. This is a great way to separate all of you business dealings from your personal credit and personal finances.

One common use of commercial credit is to allow employees to have a corporate credit card. This is used for business related trips so they can pay for hotel rooms, rental cars, meals, and other necessities while they are on official company business. You can get commercial credit cards set up where you have several credit cards for one account. This makes paying for such expenses easier and you don’t have to worry about the burden on the employee while waiting for you to reimburse them for their travel expenses.

It is important that you carefully monitor commercial credit. If you don’t pay your bills on time then it can affect your ability to get funding for your business in the future. There are commercial credit reports available from the credit bureaus so make sure you periodically review what is on yours. Commercial credit can be a valuable tool for your business but only if it is used wisely.

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.

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Readers Comments

Thanks for the great advice and resources. I really didn't have a clue about what corporate credit was or how to get it. Now I at least know where to start.
Thank you

Leslie Perez