Business Credit Blog

A business line of credit is a financing tool offered by most business banks. In a nutshell it's a source of capital that you can access at any time up to a certain amount agreed upon by you and the bank. Usually, there is no collateral required to get approved, and it's an ideal tool for busines...

While small business credit card usage is on the rise according to the 2009 Small Business Credit Card Survey the majority of all small business owners fail to understand the importance of what's in the fine print.   Statistics even show that over 65% off all small businesses use credit cards on ...

Recently I shared the benefits of building business credit with each of the business credit agencies. Separation of personal and business credit is a must for small business owners in order to eliminate personal liability and protect the integrity of the corporate veil.     While this strategy cr...

I was excited to write this particular post because there is such a tremendous lack of awareness in the entrepreneur and small business community surrounding the business credit industry.While the majority of consumers are fully aware of the three main consumer credit reporting agencies known as ...

Entrepreneurs and small business owners are facing a new era when it comes to applying for business financing. Banks, lenders, vendors, leasing companies and others are making adjustments, adopting new rules, and facing new regulations in the lending arena.   The National Small Business Associati...

This happens to be one of the most important messages that I had to share with you regarding the use of personal credit for business purposes. Too many entrepreneurs and small business owners don't realize the impact and ramifications they put themselves into when using personal credit instead of...

During the early stages of starting and operating a business, many entrepreneurs use their personal credit cards to finance purchases, equipment, and even payments to suppliers or vendors. Statistics show that over 65% off all small businesses use credit cards on a regular basis; but the problem...

It's always a good strategy to dig your well before you get thirsty when it comes to business financing. At some point in time many business owners find themselves in need of financing due to an unforeseen expense for expansion, new equipment, operations, or investment.   Now, recently many of th...

Even though they've been in business for years, many people don't realize that business credit even exists ... what it is ... and how to establish a business credit file. And they may be wondering why, after so long in business already, they should begin building it now. Here are '7 Questions Eve...

I felt it was extremely important to write about this because of the many people who may have seen their good credit fall to the wayside as a result of a recent job loss, cut back, family emergency or many other unforeseen circumstances who are desperately seeking for help with their personal cre...