Businesses with established business credit are prepared for getting additional business financing. They are also more likely to get financed when they apply, regardless of what type of business credit they apply for. Small business credit works the same way. Regardless of the type or size of a business, establishing and maintaining good business credit is the savvy businessperson’
Business credit cards with superb rates and extremely flexible terms are available to businesses with good, established credit. Business line of credit opportunities abound, each offering more flexible, lower terms than the last. Lenders offer the best terms of credit for businesses with a good, long-term credit history.
Pat Gage explained at a meeting why then, up to ninety-seven percent of all applications for business credit are not approved. It is because the business owners thought they were building business credit when they were really running their business off of their personal credit rating. They may have been in business for twenty years and still not have much, if any, business credit if they did not start out building credit in their business’s name.
It is important to have credit lines and credit cards in the name of the business, using business references, to build a strong business credit profile. Personal and business credit profiles must be kept separate.
It is never too late to start building business credit. Establishing business credit lines will benefit the business whether it is two months from the grand opening or two generations old. Establishing good business credit is a great investment in business.
Pat Gage, The Opportunity Creator, and a leading expert in the field of business credit has helped a number of clients target his specialty - starting, expanding, and growing their businesses through his trademarked 10 Steps to Money System. The Opportunity Creator is not only a sought after business credit coach, but also a national speaker. For more information on any topic discussed, visit Gage’s site at http://www.10stepstomoney.com
Contact:
Destiny Now, LLC
33006 7 Mile Road Suite 423
Livonia, MI 48152
Phone: 734-261-0688
Toll Free: 877-262-0688
Fax: 734-422-6168
Email: info@opportunitycreator.com
This press release was submitted by Right Now Marketing Group, LLC
