Corporate Credit
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Corporate Credit
Corporate credit works in much the same aspect as personal credit. The difference is that it is approved based on the merit of the corporation. You have to be able to show the corporation is a separate entity from your personal income. You also have to be able to prove the corporation is able to repay the terms of the money borrowed based on the earnings.
It is very important for a business to be able to qualify for corporate credit. This funding can help to purchase new equipment, expand the business, and market new products or services. It is very important to keep the corporate credit rating very high by only borrowing what you need and paying your creditors on time.
If you use corporate credit to your advantage when it comes to vendor agreements you can save a substantial amount of money. It is very common for vendors to offer corporations net terms of 30, 60, or 90 days. Many of them will offer a discount of up to 10% if the bill is paid in full before that time period in order for them to have a steady cash flow. Corporate credit is very important to the success of your business so use it wisely.
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
Hello Patti and Rob
My husband and I both read the email report. We then argued over some of the points you discussed. My husband talked me into buying a copy of your book, I was skeptical. We are both delighted we did. We are taking baby steps and looking forward to "that next knock on our door".
Thank you
Briana J.
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