21625 Chagrin Blvd Suite 100, Beachwood, Ohio 44122
DIRECT 216-816-2020
business credit WEALTH MEMBERSHIP
What is Business Credit?
Business credit is the ability of a business to qualify for financing. Businesses have credit reports and scores just like people do. Business credit bureaus Dun & Bradstreet, Experian, and Equifax all keep a record of debt payments and other credit information on businesses.
Your business credit report may be used by lenders, creditors, suppliers, insurance companies and other organizations evaluating a credit or insurance application or business deal.
These tips on how to establish business credit and then build a business credit profile can help you bring your plans and aspirations to fruition.
Strong business credit can help you grow your business. Many banks, investors, and companies rely on your business creditworthiness when setting loan terms, determining insurance premiums, increasing lines of credit, or considering you as a viable partner
The Process
You must actively work to build business credit. But you can do it easily and quickly – much faster than building consumer credit scores. vendor credit is a big part of this process. If you try to do the steps out of order, you will be turned down repeatedly. Fortunately, we know the steps to take. And we know the order in which you need to take them. There are a ton of benefits that business credit provides. This includes that you can build a credit profile for a business that is completely separate from you personal credit profile. This effectively gives you DOUBLE the borrowing power as they have both personal and business credit profiles built.
Business credit scores are based only on whether the business pays its bills on time. You can get credit much faster using their business credit profile versus their personal credit profile. Approval limits are much higher on business accounts versus personal accounts. This is yet another benefit. Per SBA, credit limits on business cards are usually 10 – 100 times higher than consumer credit. The business can use its credit to qualify for credit cards from major retailers, even MasterCard or Visa. The business can also qualify for credit lines and loans. When done right, you can build business credit without a personal guarantee. You can get business credit quickly, regardless of personal credit quality. Plus you can get a lot of business credit without taking on personal liability, or a personal guarantee. This means in case of default; your personal assets can’t be pursued.
Business Credit Program Includes:
Services
Set up your Articles Of Incorporation
Get an EIN
D&B Number
Business phone number
Setup a website
Business credit monitoring
Logo design
Business strategies & consulting
Tax consulting
Paydex education
Learn how to dine for free
Learn how to fly for free
Learn how to get free hotel and villa stays
Learn how to receive free stocks
Learn how to put extra income back into your business
and more!!!
Why use a small business credit card instead of a personal card?
- Separate your business finances
Separating your finances draws a distinct line between your business and your personal life and makes managing your cash flow easier. Getting a credit card for business use is one way to make that distinction.
- Start building credit for your business
Small business credit cards are an easy way to start building credit for your business – so you have the credit when you’re ready to take your business to the next level.
- Maintain control over spending
Easily download your company's transactions to QuickBooks. Give cards to your employees and set individual limits to maintain more control over your employees' spending.
- Keep your business humming
If you are looking for ease and convenience, small business credit cards are perfect for day-to-day purchases with the added perk of cash back rewards or travel rewards for most cards.
Do You Need Business Credit?
Welcome! You can start building business credit now!!!! Click the link below