Business Finance | Business Credit

Top 10 Credit Reporting Agencies Every Business Owner Should Know

Wednesday, October 21, 2009

I have assembled my 'Top 10 Credit Reporting Agencies Every Entrepreneur Should Know About' in order to full educate the entrepreneur and small business community on what's available in the marketplace to grow and maintain their credit files.

8 Steps to Building Business Credit

Tuesday, October 20, 2009

5 Comments

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.

How Shelf Corporations Improve Business Credit Building

Thursday, October 1, 2009

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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.

How to Build Bank Credit for Your Business

Tuesday, September 8, 2009

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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’.

Top 4 Reasons Not to Use Personal Credit for Business

Thursday, August 13, 2009

2 Comments

Statistics show that over 65% off all small businesses use credit cards on a regular basis; but the problem is less than half of those credit cards are actually in the business name. The others continue to use the owner's personal credit cards for business transactions. Using your personal credit, also known as you're "Consumer Credit Profile," instead of establishing Business Credit is a bad idea on many fronts.

How to Business Plan: What you need to know

Thursday, June 18, 2009

23 Comments

If you're seeking funding from a venture capitalist, angel investor or other source of private capital then you will definitely need a comprehensive business plan that is well thought out and shows sound business reasoning.