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Building Business Credit for Small Business

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Build Business Credit Video:The Four Tiers of Business Credit

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Build Business Credit Video

Establishing a creditworthy business provides remarkable benefits and gives a business owner unique financial advantages in the marketplace. Similar to establishing one’s personal credit; a business needs to build positive payment history. build business credit

While consumer credit agencies such as Equifax, Experian, and Transunion report the financial behaviors of consumers; the business credit agencies such as Dun and Bradstreet, Small Business Equifax and Corporate Experian report the financial behaviors of businesses.
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Why Is Building Business Credit So Important?

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Building Business Credit

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. building business credit

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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