Obtaining Corporate Credit
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Obtaining Corporate Credit
Obtaining corporate credit is very important as it establishes credibility for your business and it separates the liabilities of the business from those of the owners. There are several different ways that you can go about obtaining corporate credit. It is a good idea to start doing this in the early stages of your business. Even if you don’t need to access it then you will have all the groundwork completed for when you do need to be obtaining corporate credit.
One of the most common ways of obtaining corporate credit is applying for a business credit card with a company you already have a history with. This will help to reduce the amount of risk they associate with your business. The credit limits may be very low when you are first obtaining corporate credit but using it wisely can give you a solid business credit history to build on in the future.
You will likely have to provide detailed information about the type of business you are operating and the assets and liabilities of the company. There are several hoops you have to jump through for obtaining corporate credit but don’t be discouraged. As the amount of time you are in business increases and you show a steady history of paying your debts on time you will have no trouble obtaining corporate credit.
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.
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!)
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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,
Thanks for your follow up. I have read your entire ebook, and quite honestly, I wish that I had discovered it by doing more due diligence before I paid almost $15,000 for an aged shelf corporation last year. If I'd bought your book and spent a few months implementing it I could have saved all that money. Like you say, live and learn.However,
what's done is done. My previous venture didn't work out like I had planned. I will implement your strategy and wait for the next "knock".
Best to you both
Lorne S.
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