Small Business Banking

8 Steps to Building Business Credit

Tuesday, October 20, 2009

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 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’.

Start Business Credit: Business Line of Credit

Saturday, August 29, 2009

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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.

Business Loan Finance: How to Get Approved

Wednesday, June 17, 2009

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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'.

Credit Cards for Business

Wednesday, June 10, 2009

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While small business credit card usage is on the rise according to the 2009 Small Business Credit Card Survey the majority of all small business owners fail to understand the importance of what’s in the fine print.