Building Business Credit for Small Business
A credit report is designed to show potential creditors, lenders, suppliers, banks, etc. how you handle your financial obligations. Unfortunately, not everything is reflected on your business and personal credit reports. 
The only way for you to get credit for all the positive payments you make to a creditor is if that particular creditor reports to a credit reporting agency.
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On previous posts we discussed opening up a business bank account and the importance of building business credit.
Your business will be in a much better position to apply for bank financing once you have established a favorable banking relationship and positive bank rating.
A small business line of credit has always been favored among business owners because it provides you access to cash to make purchases that are either too large for business credit cards or too small to take out a business loan.
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In previous posts we covered how to check if your business has an existing DUNs Number by doing a DUNs lookup. We also covered the various options you have for obtaining a DUNs number if your company is not yet listed. 
For a quick overview regarding the importance of a DNB listing review our post covering the role of Dun and Bradstreet in business today.
Here’s a quick recap of the choices we have covered for obtaining a DUNS Number:
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According to Wikipedia an asset can be defined as a resource controlled by an entity as a result of past events and from which future economic benefits are expected to flow to the entity. 
Many startups rely on the use of some personal assets for business in order to conserve cash. Although money is often tight during the early stages, your goal as a small business owner should be to not only increase sales but to build your business credit.
In particular, business credit is an asset and considered an economic resource that make up the financial foundation of a company.
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A business credit card should always be the credit card you use when making business purchases. Transactions such as paying for gas in a company car, buying office su
pplies, or taking clients out for lunch are all acceptable ways for a small business credit card to be used.
When it comes to personal credit cards, you should not use it for business expenses. This can potentially jeopardize the protection of the corporate veil since you are co mingling funds. Did you know corporate veil piercing is the top litigated issue in corporate law today?
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