.jpg
.jpg

Business Credit

Starting off as a business can be challenging and can require a lot of funds.  Are the places you apply for denying you all the time and you don't know why? Everywhere keeps asking for a certain monthly revenue that you just don't make.  Well, I'm here to tell you that it is as simple as people say it is and I can help you on this journey with assisting you on getting there.

.jpg
Why is obtaining business credit for your business is important?
 

A good business credit score comes with several key benefits:

  • Increased borrowing power: If you have strong business credit, you may be eligible for larger loans. This is especially beneficial if your business is expanding and needs extra capital.

  • Better terms on loans and credit: Similarly, establishing a strong credit history can help you get better terms and interest rates on small-business loans or lines of credit.

  • Lower insurance policy rates: As your business grows, the cost of your insurance may rise. A good business credit score will help you keep down your insurance premiums.

  • Separation of personal and business finances: Having a business credit score allows you to keep business funds separate from your own money, which makes it easier to keep track of business costs for tax-reporting purposes and protect your personal assets from business-related liability. Even if you only have a side gig, a freelancer credit card can make filing taxes and budgeting expenses much easier.

Having access to credit allows you to get the money you need to grow your business, pay for day-to-day expenses, buy inventory, hire more staff, and reduce the amount of money that’s coming out of your own pocket to cover your business expenses.

Links