Building Business Credit Benefits
We know that small business owners work very hard IN THEIR BUSINESS and don’t feel that they have the time to build business credit. Further, many business owners lack the capital they need to expand their business and many small business owners do not qualify for business financing through their local bank. By building business credit correctly, small business owners may fix some of these issues, however, many business owners feel they don’t have the time to build business credit. Well, it doesn’t take as much time as you may think to build business credit, but you need to follow a business credit building process. Here are some of the benefits you may get from building business credit.
- Potential reduction of personal liability.
- Potential increase in company value and even potentially increase in cash flow through savings on financing rates.
- Potential for larger credit capacity and growth of business credit opportunities.
- Potential for finding new and alternative financing methods.
Businesses that build business credit correctly could have 10-100 times the credit capacity of businesses that don’t build business credit and establish a strong business credit profile, depending on many factors. This increase in credit capacity could help your business expand or even save your business during a slow period. Having business credit can even increase the value of your company and attract potential buyers. Investors or buyers may not want to make an investment in your business if all of the assets and liabilities are PERSONALLY tied to the owner. Additionally, having all of the debt in the owner’s personal name and under their personal credit puts a lot of additional stress and liability on the owner.
If you’d like to learn more about the DIY business credit course, compare business services, or compare other business services, scroll below or visit our business credit services comparison page.
Business Credit Offer
Dun & Bradstreet
Business CreditBuilder Plus
Potential savings benefits
Business credit building
Dun & Bradstreet
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Additional Business Services
Find business products and business services that compliment business credit services, such as business banking, business insurance & more!