Free help is available for business owners needing to obtain credit or fix credit.
Resources Are Nearby
Governments at all levels have a vested interest in helping small-business owners succeed. One reason is that business success increases tax receipts. When a business succeeds, the owner will generally have to pay taxes. Income taxes may be payable at the federal and state level, and sometimes income taxes will need to be paid to local governments.
If a business succeeds and hires additional employees, there will be additional tax payments generated for governments. Sales taxes will also sometimes be payable to local and state governments.
Because business success is important to communities, governments at all levels often provide help to small businesses. The federal government accomplishes this goal through the Small Business Administration (SBA).
To extend the availability of services, the SBA has partnered with experts through SCORE, a nonprofit organization dedicated to assisting small businesses. There are more than 13,000 SCORE volunteers located throughout the country with the ability to help you analyze and overcome almost any business problem.
Credit Requires Specialized Knowledge
Most business owners will not be experts on small business credit. SBA and SCORE offices can help provide information and advice about credit. No matter what the national business climate is, it will be important to understand how credit conditions impact your community and your industry, and these resources can explain those factors to business owners.
Business owners should also consider using a free service, CreditSignal® from Dun & Bradstreet, to help them understand business credit. This service is the only product on the market that provides companies with free access to changes in their D&B® credit scores and ratings. This service can allow you to focus on the most important activities in your business, and minimize the attention needed for business credit monitoring.