Ensure that your business credit score is in good standing, monitor and fix any discrepancies in your profile. Having a high credit score can improve your credit profile and raise your borrowing capacity.... Read More
Relying on personal credit to do business means working with minimal working capital and poses a risk to the companys assets. Separating your business and personal credit is essential to building your business credit score.... Read More
Debra Parcheta, founder of Blue Marble Enterprises, built her business credit by opening store accounts, issuing company credit cards, making prompt payments, and separating business and personal credit.... Read More
Debt, when properly employed, can be a significant resource for a business. A company can build its business credit with debt by securing lines of credit and business credit cards.... Read More
In a business environment characterized by tight credit markets, business credit cards have become an acceptable and necessary financing vehicle. Benefits of using business credit cards include rewards, discounts, and opportunities for cash back.... Read More
Credit and debit cards are becoming a necessity to do business. The cost of implementing credit and debit services is incremental compared to the cost of lost business from failing to provide this payment option.... Read More
The more volatile your industry, the less business debt you should take on. Use debt to support growth, but in an amount that your business could still service if its revenues declined significantly.... Read More
When extending customers credit, it is important to review a customers operations and conduct regular credit reviews. Performing a credit analysis is a good first step in determining whether a customer is a risk.... Read More
Tightening credit markets make it more important now than ever to build business credit. This credit crunch has prompted businesses to find new ways of obtaining and providing capital.... Read More
If you use credit cards and pay the associated interest charges, you should reap the benefits. To maximize your business credit rewards, be sure to consider cash rewards and understand the rules associated with the card.... Read More