Building Business Credit for Small Business
Does your business account with your bank or credit union have an active Twitter feed?
Would you find it extremely helpful if your bank engaged with you on Twitter and answered questions and/or issues you have regarding your account?
Do you think regular updates of events, special deals, new bank products, tools, and other helpful information would be of value to your business?
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Why is it so important?
First of all, before you apply for credit with a supplier or lender you should know firsthand where you stand with your reports and scores. This will give you better insight into what type of financing you may qualify for ahead of time and whether or not the time is right to apply.
Secondly, consumers are not the only target when it comes to identity theft so in order to protect your company you must keep a close eye on any unusual activity on your reports.
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What is the largest source of capital from business to business and remains the #1 alternative to personal and small business loans? 
Here’s another hint.
The SBA reports it as the single largest source of small business lending in America today.
Still not sure what it is?
It’s called trade lines of credit also known as ‘vendor credit’ or ‘supplier credit’.
Did you know that trade credit is the second largest source of capital for Wal-Mart? It’s used trade credit as its largest source of capital than even its bank borrowings!
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“We’re going to start paying you later because it’s better for us, so get used to it.” 
What would you do if a major client of yours sent you a notice like this?
I’m sure it wouldn’t be in those exact words but what would you do?
Would you put up with the new terms and late payment?
Many small business owners feel they don’t have a choice because the alternative is no business at all. And no one can afford to turn down work in this economy.
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Do you know where your company stands in the business credit building process?
One of the most important things you should first learn to do is ask the right questions. One of the classic mistakes that many small business owners tend to make is moving forward without having the proper framework in place.
Instead you can end up feeling scattered and spend lots of time trying to back track and correct mistakes you’ve made.
So in order to help you prevent from making those costly errors here are 20 essential questions you should focus on when establishing business credit:
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