Tag Archives: business credit

Know These Ten Business Credit Terms

credit

An understanding of business credit terms is important for small business owners. Similar to personal credit, business credit determines whether your company can be trusted by the way it manages money. Like personal credit, business credit is a reflection of how well your company manages money. Why is business credit important? The Nav American Dream Gap Survey, 2015 revealed of small business owners surveyed, 45 percent did not know they have…

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Build Business Credit on a Shoestring Budget

business credit on budget

Many businesses start on a shoestring budget so it can be challenging to build the business credit you need to expand your business. But every business has to start somewhere and building your business credit can be done with the right action plan to guide you. In this article, we’ll cover how to build business credit without cash flow coming into your business. The first place to start is with your existing…

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How to Establish Business Credit for the First Time

Access to cash and credit is a business’s lifeline. Business credit allows a company to borrow money for purchasing products or services. It is based on the trust that payment will be made in the future. Why establish business credit? For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also…

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