Build Business Credit Bank of America
Accessing credit is critical for businesses to take advantage of opportunities, overcome challenges and make investments. Effective management of business credit can open the doors to larger-dollar, longer-term, and lower-rate financing products like business lines of credit, commercial real estate loans, and SBA loans – providing greater stability in growth for your business.
An effective way to build business credit is with a credit card that reports directly to major business credit bureaus. This will give lenders, vendors, and suppliers an accurate picture of your payment history – and help them decide whether to grant you credit on favorable terms or not.
Bank of America provides accounts and services tailored to consumers, small businesses, mid-market corporations, and large enterprises alike. You can open an account online, through mobile devices or in person at one of their bank branches; additionally, they offer investment and insurance products as well. Neither Bank of America nor its employees provide legal, tax, or accounting advice so it is wise to consult your own advisors prior to making financial decisions.
