5 Reasons Why Your Business Needs Business Credit
#1 Access to funding and managing cash flow is the single biggest concern for business owners. By establishing and building a Business Credit Asset™, businesses can access new funding sources to ensure positive cash flow.
#2 Secure new financing options. A strong business credit file can be the difference between receiving funds or not. Approval for most small business loan decisions under $90,000 happens automatically, often relying on one thing – your business credit file and score.
#3 Get the best credit terms. Your business credit score will likely result in better credit card and loan interest rates. For businesses with weak credit scores, banks and lending institutions may increase loan interest rates from 7% to 12% and credit card interest rates from 8% to 18%.
#4 Reduce your expenses. Building a business Credit Asset can improve cash flow by reducing:
- Financing Costs
- Insurance Premiums
- Rental Terms
- Credit Card Rates
- Vendor and Supplier Terms
#5 Peace of mind. Protect your personal assets and reduce your personal liability by creating a separate corporate entity and business credit. Establishing your business credit asset only strengthens this liability protection.
If you are interested in building business credit that is separate from your personal credit profile, please call us so we can schedule a no-obligation, Free consultation to explore your options!
TOLL FREE – 866-591-2769
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