Building Business Credit for Small Business
What types of business credit can you obtain for your company?
I’m sure your familiar with business credit cards, loans, and lines of credit but did you know there are four major types of business credit sources that you can establish?
In this short video I recorded with Dun and Bradstreet you will learn what these sources are and how you can go about building business credit fast without putting your personal credit and personal assets at risk.
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What makes a company appear trustworthy?
How can a business establish credibility in the marketplace?
While the textbook definition of credibility means the quality, capability, or power of being trusted nothing could be more important for a business to establish in today’s economic environment.
These are questions that Dun and Bradstreet Credibility Corp. aims to address with its new approach to defining credibility in business.
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Tired of your business debts showing up on your personal credit reports?
You may have had good intentions opening up that corporate mastercard for your business only to find out the hard way that the $5,000 equipment purchase you recently put on your card now shows up on your personal credit files.
What’s even worse is your credit score also took a hit because the new debt just negatively impacted your personal debt to credit limit ratios too!
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How would you know if a key supplier of yours is planning to go out of business?
What steps are you taking for minimizing business risk?
Are you having trouble deciding whether to do business with a company?
These are all important questions that I would like to address and offer you a solution that will help you make better-informed financial decisions in the future.
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Tired of putting your personal guarantee on those credit applications?
I’m sure you realize the whole purpose behind the PG is to ensure that if your business fails to repay the debt then you as an owner assumes personal responsibility.
While the majority of creditors add this extra level of protection to minimize the risk of loan defaults not all types of commercial credit sources require it.
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