How Do I Establish & Build Business Credit?
Figuring out how to access business financing and credit is a common quest for both new and existing small business owners. From start-up costs to new expansion strategies, establishing a strong business credit profile with diverse accounts can help you achieve your immediate and future business plans.
Strong business credit scores can help you secure better interest rates on loans, decrease instances where you need to prepay for a specific product or service, and receive better trade terms with suppliers in your industry. In the long run, this will help you save money and access the funds or assets you need to help your business grow.
Additionally, for the one out of five of small business owners that have used personal assets to fund entrepreneurial dreams, establishing business credit can help draw a clear and important line between personal finances and a business profile.
Some information on this page is adapted from content that originally appeared on Nav.com, a Venturize supporter.
Want to know what your credit score? Click here to find out for free from our partners.