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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.
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)
Patti & Robert Farnham
(authors of "Corporate Credit Power)
(Don't make the same mistakes we did!)
Of course, feel free to make your own new ones!
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