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Building Business Credit for Small Business

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50 Shades of Small Business Financing: The Grey Area For Business Owners

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Small Business Financing

Small business owners and start-ups encounter a lot of the same problems when it comes to running their business. Finding funds to get started and then thrive isn’t always easy. small business financing

Personal finances and business finances begin to intermingle. Some, in fact many, are turning to credit cards in the hopes that their business will be successful – and they can pay off the debt accrued in a relatively short period of time.

This isn’t always the case as some businesses won’t make it and some won’t be as successful as anticipated.
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Company Car Insurance:Why Employees Should Not Use Their Own

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Company Car Insurance

Seems like a lot of businesses are trying to save money these days. One option employers are adopting is to use the employees’ insurance as a stop-gap measure on their own liability. company car insurance

For example, an employer might carry liability insurance but make employees use their own cars – and their own car insurance. That way, if employees get into an auto accident, the employee’s insurance cover kicks in, instead of the employer’s. But this is generally a bad idea.

Employers Risk Increased Liability

If your employee is using his own vehicle, instead of the company one, then you may find yourself on the nasty end of a lawsuit – or possibly fines.
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How to Restore Credit after Hard Times

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Restore Credit

Getting your financial life and credit back on track after going through tough times is not an impossible task, by any means, but it does require an effective and proven plan. restore credit

Whether you have filed for bankruptcy, gone through foreclosure, experienced late payments, collections, judgments, repossession or the dreaded tax lien, there is hope.

Now, first of all don’t believe for a second that there’s nothing you can do about your past negative credit history because there is, which I will cover shortly.

First, let’s talk about getting new credit regardless of how low your credit score is. The obvious is to open up a secured credit card right?

Well, not exactly.
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When Does A Vendor Credit Line Show Up On My Business Credit Reports?

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Vendor Credit

Getting approved for a line of credit with a supplier is simply an opportunity for you to start building your company’s creditworthiness.  The key to establishing positive credit is to make regular puvendor credit rchases using your vendor credit lines and then paying invoices on or ahead of the due date.

If you do not make regular purchases then there is no way for you to establish any kind of payment history. So it is vitally important that you carefully select the suppliers you apply for credit with.

Make sure that you can use the products and services they offer to develop and grow your business.
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Best Small Business Credit Cards For Establishing Corporate Credit

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Best Small Business Credit Cards

With fast access to cash, convenience and all the perks that come along with it; a business credit card is a standard tool used by business owners. best small business credit cards

But did you know less than 50% of the credit cards obtained by business owners nationwide are actually in the company’s name?

It’s a shocking reality to say the least but the good news is there are plenty of business credit cards that cater to savvy business owners like you who understand the importance of establishing business credit.
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