Credit?

Getting a business loan is much more difficult than getting a personal loan. That's because banks are required by law to determine whether or not you will be able to pay back the money they lend you based on your personal credit history, and not your business credit history.

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The problem is, many small business owners don't have a strong enough personal credit history to get a bank loan, and many banks won't even consider lending money to someone with no personal credit whatsoever. Being able to obtain financing for your business is a nightmare for many business owners.

There's good news though.  We can help you with establishing your business credit, giving you the leverage you need.  By working together, we can teach you how to obtain business credit much more quickly and easily than if you were trying to do it on your own.

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Here’s why you need business credit:
•    To reduce personal liability for business expenses: To run your LLC or corporation as a distinct entity, first, you have to show that its finances are separate. The first step is to get a business credit card.
   •    To simplify accounting: Keeping track of expenses is much easier with a business credit card statement to look at. This can also help you deduct business-related expenditures at tax time.
   •    To minimize the effect of your personal credit: Building a solid business credit history reduces the pull of your personal credit rating for loans. If something damages your personal credit, your company can still have the solid footing needed to request financing.

 

If you're interested, fill out the questionnaire below immediately because we only have a limited number of these opportunities available!