Business Credit Benefits
Imagine having the ability to access $50,000, $100,000, even $250,000 for your business. Now imagine doing this with NO personal credit check and NO personal guarantee.
Your success in business will be determined based on your business credit profile and score. With a good business credit profile you will have near unlimited borrowing power.
Without having a good business credit profile it will be a difficult path to success without having access to working capital and funding.
This is why almost all Fortune 500 companies use their business credit to secure funding.
It’s not that they need the money to operate. Successful companies use funding as leverage to grow their business.
Business Credit is the best kept secret in business. Over 90% of all business owners know nothing about business credit or business credit scores.
But when you do discover the power of what business credit can do for you and your business you will be floored at how easy it is to get money and grow your business.
One of the many benefits of business credit is that you can obtain funding with no personal credit check.
With a strong business credit profile lenders will lend you money based on your business credit, not your personal credit.
This is excellent if you have personal credit issues as you can still qualify for funding. Even with exceptional personal credit, business credit gives you DOUBLE the borrowing power.
You can get approved for much higher funding amounts using your business credit than you would if you used your personal credit to qualify.
Another great benefit of business credit is there is no personal guarantee required for much of the funding you obtain.
This means you can be approved with no personal liability. So if you ever do default, the creditor can’t pursue your personal assets like your home or personal bank accounts.
Business credit adds more value to your business and gives your business credibility.
Stakeholders, partners, lenders, even potential buyers of your business will see more value in your business if you have a strong business credit profile built.
Most important by having a good business credit profile built you have security. It is much easier to run your business when working capital is easy to come by.
About the Author:
Christopher Pryor is currently the CEO of Five Star Credit Solution, LLC.
He specializes in helping business owners establish excellent business credit scores and then leverage those scores to access cash and credit for their businesses.
Christopher Pryor is also the mastermind behind the release of the exclusive Business Funding Suite. The Business Credit and Funding Suite is the leading business cash and credit access system in the world today.
For more information on business credit scoring, business credit, visit www.fivestarcreditsolution.biz