Virtual Office Address Creates A Professional Corporate Image

January 29, 2013 By Marco Carbajo

Virtual Office Address

During the initial stages of the business credit building process I’m sure you have heard about the importance of setting up a commercial office location. A physical location that is zoned for business speaks volumes for your company and its operation.

If you decide to use your home address for your company’s business address keep in mind that some lenders may not extend credit to a “home based” business. However, you still have many credit opportunities with a home based business so don’t let that stop you.
Click to continue …

Why Your Business Needs To Get A DUNs Number

January 8, 2013 By Marco Carbajo

Get a Duns Number

Did you know a DUNS number is the most widely used number for identifying companies in the United States?

Did you also know suppliers and creditors alike will pull a D&B credit check on your business when you apply for credit?

If you are serious about establishing credit for your business then the first thing to do is get a DUNS Number so your company can get listed in Dun and Bradstreet’s database and set up your company’s credit file.
Click to continue …

How Can I Get A Credit Card With Bad Business Credit?

December 27, 2012 By Marco Carbajo

How to Get A Credit Card with Bad Business Credit

A business credit card is a common and effective credit-building tool for companies. However, if your business credit rating is tarnished and you’re struggling to qualify for a business credit card, you may have to seek out alternatives to increase your chances of getting approved.

Here are several options until your establish the creditworthiness of your company.

1. Sign up for a secured card

If you are using the credit card for credit-building purchases, it may be useful to sign up for a secured business credit card. This line of credit requires you to put down a deposit in order to obtain financing, but if you manage it wisely, the deposit will be returned and you may be elevated to a traditional credit card.
Click to continue …

Finding Credit When You Have Poor Business Credit Ratings

December 19, 2012 By Marco Carbajo

Business Credit Ratings

Access to credit is crucial for business owners at various stages of development and growth. If your business credit rating has been damaged, however, securing a business loan or credit line can be difficult.

While you may be required to agree to less favorable terms and conditions, there are a number of ways you can obtain a traditional loan with a lower credit standing.

Put down more collateral
Click to continue …

Financing a Small Business? Top 3 Questions To Anticipate Answering

December 10, 2012 By Marco Carbajo

Financing a Small Business

Tight credit markets have made lenders wary about extending business loans to large credit risks. As a result, banks may scrutinize your business loan application carefully when you apply for business credit.

While the hard data – your projections, cash flows, and business credit rating – play a strong role in whether you get approved, your one-on-one with lenders will also have an impact.

Anticipating some of the most common questions lenders will ask you and preparing a strong response may help you obtain the financing you need.
Click to continue …