Business Credit Often Ignored By Small Business Owners

By Author: clearacne kamola
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Business credit permits a business owner to use their business credit profile and score for financing not their personal credit score and profile.

One of the reasons business credit is so appealing is that business owners can commonly qualify with no personal-guarantee (PG).

This means business owners can access cash for their businesses without the personal liability.

Another reason business credit is a great resource for business owners is that there is no personal credit check with many sources.

So, even business owners with challenged credit can be approved for thousands of dollars of credit for their businesses.

To qualify for most business credit sources, the business must have a positive credit score established with the appropriate business credit reporting agencies.

The two most commonly used business credit scores are the Paydex score from Dun and Brad Street and the Intelliscore from Experian.

Once a positive business credit score is established,many merchants will then approve the business owner for credit in the business’s name.

Thousands of major ...
... merchants offer business credit. But most don’t promote their business credit programs, so they are difficult to locate.

Some merchants offering business credit include Chevron, Dell, Staples, and Lowes.

Once business credit is established and paid-as agreed,the business credit scores will continue to increase.

As more positive credit history is established and scores increase, business owners can then be approved for even more credit with higher credit limits.

Business credit is an outstanding resource for businesses.

Owners can obtain credit to run and expand their businesses without the personal liability of using a personal guarantee.

Bob Lefcort is known as an authoritative expert on personal and business credit scoring and credit law. He has spent over 35 years in corporate and personal finance. In the last ten years he has spent most of his time helping clients rebuild their credit profiles and qualify for financing. Bob is currently the owner and CEO of Great American Business. At Great American Business Bob helps business owners obtain excellent business credit scores and then use those scores as leverage to access cash and credit for their business. Great American Business is also the exclusive home to the ATM Business Credit and Funding Suite, the world's leading cash and credit access system for businesses. Bob is also the owner and CEO of Great American Credit Repair. At Great American Credit Repair he has designed dispute techniques that have revolutionized the credit repair industry. Bob's extensive knowledge of finance and credit law gives him and his team a unique ability to design and implement custom tailored dispute strategies resulting in fast loan approval. This is why Great American is known as one of the industry leaders in credit restoration resulting in loan approval. For more information on business credit scoring and business credit, visit http://www.getfastbusinesscredit.com

Business Credit Card