Wanted to share 5 steps that will help you build better business credit Building business credit plays a crucial role in your company’s funding ability. Whether you operate as a limited liability company or corporation, your business has the ability to establish a credit file separate from you as an individual. When you register a […]
What is the difference between personal and business credit? Your personal credit score and business credit score are two separate but related numbers that tell lenders how creditworthy you, or your business, are. But because credit bureaus use similar metrics to measure both scores, and because personal credit is occasionally used in lieu of business […]
Whether you’re a startup or established business, building business credit is important because there may come a time when you need to apply for a loan. Without a good credit score, getting a loan at favorable rates and terms may be difficult. At some point, you’ll need access to capital to expand your business, hire […]
Never use your personal credit card when making business purchases. One advantage is that many business credit card issues don’t report to the personal credit bureaus so this can actually keep your credit score intact. For example, there may be times when you’ll need to max out your credit card to purchase inventory or equipment, […]