Business Credit

8 Steps to Building Business Credit

It's more important now than ever to be pro active and informed on what is required to obtain business financing for your business. I don't recommend anyone to wait until you need financing to start because the business credit building process takes time and doesn't happen overnight.

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How Shelf Corporations Improve Business Credit Building

There has been a growing interest in shelf corporations from many of the investors, small business owners and entrepreneurs that I have the opportunity to speak with on a daily basis. I felt that by sharing some insight with you on shelf corporations and what are the key advantages will better prepare you in making a more educated decision if this is an option you're thinking about.

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How to Build Bank Credit for Your Business

Recently I shared the benefits of building business credit with each of the business credit agencies. Separation of personal and business credit is a must for small business owners in order to eliminate personal liability and protect the integrity of the corporate veil. While this strategy creates a Paydex, Small Business Credit Risk Score, and Intelliscore for your business it’s not the only rating you should pay close attention to. Your business will also need to establish effective ‘Bank Credit’.

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Start Business Credit: Business Line of Credit

A business line of credit is financing tool offered by most business banks. In a nutshell it’s a source of capital that you can access at any time up to a certain amount agreed upon by you and the bank.

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Business Loan Finance: How to Get Approved

Lending institutions want to lend money because it's the way they make money. However, they only want to lend money to a borrower who is able to repay the loan on time and in full. When deciding to extend credit to a business lenders use the ‘Four Factors for Lending Approval'.

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