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.
Continue reading...Thursday, August 13, 2009
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.
Continue reading...Sunday, July 12, 2009
One of the mistakes that I see business owners make when attempting to build business credit is not paying attention to details. I want to provide you a business credit tip that can help improve your chances of getting approved for loans, credit cards, and lines of credit for your business.
Continue reading...Tuesday, June 30, 2009
Entrepreneurs and small business owners who have a separate legal entity for their business have a unique opportunity that no other individual or sole proprietor has. It’s the opportunity to start business credit by establishing a business credit profile that is completely separate from a personal credit profile.
Continue reading...Thursday, June 18, 2009
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.
Continue reading...Wednesday, June 17, 2009
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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Saturday, August 29, 2009
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