tag:blogger.com,1999:blog-16797274395227884662024-02-08T05:28:08.810-08:00build corporate credit fastAnonymoushttp://www.blogger.com/profile/05045364083248389653noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1679727439522788466.post-70722838353520087152015-02-02T02:01:00.000-08:002015-02-02T02:01:29.165-08:00Build Business Credit with Best Credit Rating<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="background: yellow; font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman"; mso-highlight: yellow;"><a href="http://www.noriomatsumoto.com/build-corporate-credit-with-ease/">Build
Business Credit</a></span></b><span lang="EN-US"><br />
most businesses wish to be able to borrow money when they need it, with no
owners having to guarantee the loans personally. This means less risk towards
the owners. However, wanting to get credit for your business and actually
getting it can be two various things.<br />
One company recently approached us because in the last two years they had made
a successful business, with over twenty employees. However they could not get a
business loan because they had not taken time to build a company credit profile
and did not know how to start.</span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US"><br /></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US"><img src="https://howtobuildbusinesscreditfast1.files.wordpress.com/2014/06/build-business-credit-fast-with-no-risk.png?w=908" /></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US"><br />
You might have seen marketing hype about how a business credit profile can
overcome a poor personal credit file. In most cases, however, it is important
that smaller businesses have both good business credit, as well as solid
personal credit for owners. This is especially true in the current environment
where investors and venture capitalists are not handing money out to just
anybody who can breathe and has a company idea! Even established businesses
will find it necessary in some instances to supply the business owner's
personal guarantees on some loans or charge cards.<br />
Building business credit is completely different from building personal credit,
though your individual credit may be linked somewhat. For instance, credit
rating giant Experian sells a business credit rating that is based on both the
risk of the company and the personal credit from the owner of the organization.<br />
Additionally, you do not have exactly the same credit protection laws with
business credit that you simply do with personal credit. Therefore, you want to
make sure you start out on the right foot, or it can be difficult to make
corrections.<br />
The key to correctly establishing business credit is twofold: <br />
1. Setup the correct business structure and take basic steps to ensure your
business appears "real" and stable to the business credit agencies.
That means obtaining the proper occupational licenses, along with a telephone
number that is listed with directory assistance within the businesses' name,
amongst other things. Your company will normally take some type of corporate
structure to effectively develop a business credit rating.<br />
2. Borrow or order products and services from companies that will report your
credit report towards the major business credit reporting agencies such as Dunn
& Bradstreet and Experian.<br />
Unlike personal credit scores, where one can possess a small income yet obtain
a top FICO credit score, the best business credit scores are restricted to
large stable businesses, individuals with into the millions dollars in sales a
year and 25 to 50 or even more employees.<br />
Try not to let that prevent you! If you take several careful steps, you can
begin small; still build a decent business credit score to help you get the
borrowing power your venture needs.<br />
Entrepreneurs are usually hard working, creative and willing to get the job
done. Fortunately, these same qualities may help you with the process of
building strong business credit. Start now! To learn more about building
business credit, visit to </span><span lang="EN-US"><a href="http://www.noriomatsumoto.com/"><span style="color: windowtext; text-decoration: none; text-underline: none;">http://www.noriomatsumoto.com/</span></a></span><span lang="EN-US">.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US">Get more, <a href="http://www.noriomatsumoto.com/" target="_blank">http://www.noriomatsumoto.com/</a><o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/05045364083248389653noreply@blogger.com0