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How does having the option to access $50,000 or more for your business sounds to you?
Your business credit profile and credit score determine your business success.
You want unlimited borrowing power, that means you must create a good business credit profile.
Without a good business credit profile, it will be a difficult path to success with no access to working capital and funding.
This is why almost all Fortune 500 companies use their business credit to secure funding.
It is not that they need the money to operate. Successful companies use funding as leverage to grow their business.
Business Credit is the best kept secret in business. Over 90% of all business owners know nothing about it or business credit scores.
But when you discover what business credit can do for you and your business, you will be floored at how easy it is to get money and grow your business.
With a strong business credit profile, lenders will lend you money based on your business credit, not personal credit.
If you have personal credit issues you can still qualify for funding. Even with exceptional personal credit, business credit gives you DOUBLE the borrowing power.
You can get approval for much more money with your business credit than if you used your personal credit to qualify.
Another great benefit of business credit is you may not need to provide a personal guarantee for some of the funding you get.
This means you can get approval with no personal liability. So, if you ever default, the creditor cannot pursue personal assets like your home or personal bank accounts.
Business credit adds more value to your business and gives your business credibility. Stakeholders, partners, lenders, even potential buyers of your business will see more value in your business if you have a strong business credit profile.
Most importantly by having a good business credit profile built you have security. It is much easier to run your business when working capital is easy to come by.
Join my group here. It is filled with resources and support for entrepreneurs to build their business credit! See what it’s about, here’s the link:
https://www.facebook.com/groups/businesscreditmasterycircle
I will see you on the inside!
About the Author
Kimberly Lewis is currently the CEO of EPC Solutions LLC. She specializes in helping business owners establish excellent business credit scores and then leveraging those scores to access credit and cash for their businesses. For more information on business credit scores, business credit and business loans visit https://epc-solutions.net.