Financial Freedom for your Business Using Credit

How will this E-book help you?

Similar to personal credit, business credit determines whether your company can be trusted it manages money. Having access to business credit is the lifeline for a business. It enables you to obtain the capital you need to expand, cover day to day expenses, purchase inventory, hire additional staff and allows you to conserve the cash on hand to cover your cost of doing business. The easiest way to establish business credit is to keep all of the finances separate from the get-go. Use your business checking account to pay the business’s bills and employees, including yourself.

Your business’s credit score can affect a variety of decisions, including the following:

1. Your eligibility or rates on loans, including Small Business Administration, or SBA, loans
2. The business’s insurance premiums
3. The net terms and credit limit you receive from vendors and suppliers
4. Your ability to raise money from investors Whether you qualify for contracts with other organizations