Potential Benefits of Building Business Credit

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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.

  1. Potential reduction of personal liability.
  2. Potential increase in company value and even potentially increase in cash flow through savings on financing rates.
  3. Potential for larger credit capacity and growth of business credit opportunities.
  4. 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.

Company

Business Credit Offer

Learn More

 

 DNB.com

 Dun & Bradstreet

 Business CreditBuilder Plus

 Potential savings benefits

 Business credit building

 

 

 

 DNB.com

 Dun & Bradstreet

 DUNSfile Express

 Get a DUNS number fast!

 Expidited DUNS # filing

 

 

 

 NAV.com

 NAV business credit 

 Business credit software & services

 

 

 NAV.com

 NAV business credit 

Business & personal credit reports

 

 

 NAV.com

 NAV business credit 

NAV product comparison page

 

 

 Excilio Business Credit

 DIY business credit course

 Business credit + entity creation course

 

Additional Business Services

Find business products and business services that compliment business credit services, such as business banking, business insurance & more!

 

 AxosBank.com

 Axos Bank business banking

 Axos basic business checking account

 

 

 AxosBank.com

 Axos Bank business banking

 Axos business savings account

 

 

 Bank Novo Business Banking

 Business banking accounts

 Novo business checking account

 

 

 CoverWallet Business Insurance

 Business insurance aggregator

 Multiple business insurance quotes at once