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It is shocking that nearly all small-businesses fail in their first months or years of business. One of the primary flaws of the way people run their businesses is being lax when it comes to book keeping and cash flows. It is important for business owners to follow some simple but imperative steps [...]
The credit squeeze is dominating the news. Many people are having their personal credit being destroyed due to poor decisions regarding mortgages and personal spending. What is’t being talked about as often is how those same poor personal credit scores are going to negatively impact small business owners and business credit?
Many of you are saying, [...]
In short, yes you should care about business credit.
Business owners typically fall into one of three categories when it comes to biz credit.
1. They are very familiar with it and have established scores with the 3 national business credit agencies for their company. Their vendor accounts and credit cards report good payment history in their [...]
Getting a bank loan in the name of your business that reports to the business credit agencies is invaluable for building business credit and finding larger and less expensive financing in the future. It may seem like an impossible task since banks have very tight lending criteria compared to other funding sources, but there is [...]
Obtaining capital in this tight money market is easier said than done these days. As more and more banks go belly up, lenders are increasingly making it more difficult to obtain capital. I will show you how it is possible, even in this market, to obtain unsecured business funds without having to show [...]