Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Business Credit

By David Zabawa Subscribe to RSS | July 18th 2012 | Views:
loading
 
  



Business Credit, sometimes referred to as Trade Credit, is credit that is established under a business’s name.

Business credit permits a business owner to use their business credit profile and score for financing not their personal credit score and profile.

One of the reasons business credit is so appealing is that business owners can commonly qualify with no personal-guarantee (PG).

This means business owners can access cash for their businesses without the personal liability.

Another reason business credit is a great resource for business owners is that there is no personal credit check with many sources.

So, even business owners with challenged credit can be approved for thousands of dollars of credit for their businesses.

To qualify for most business credit sources, the business must have a positive credit core established with the appropriate business credit reporting agencies.

In addition, it is beneficial to conduct a business credibility checkup. Lenders not only check the business’ credit score but also verify the company information to prevent fraud.

Reasons for decline can be as simple as unlisted company phone numbers, use of personal cell phone as business phone; using personal email domains such as yahoo or gmail instead of business website domains, company name not properly registered with the state, and bank statements not showing company name.

The two most commonly used business credit scores are the Paydex score from Dun and Brad Street and the Intelliscore from Experian.

Once a positive business credit score is established, many merchants will then approve the business owner for credit in the business’s name.

Thousands of major merchants offer business credit. But most don’t promote their business credit programs, so they are difficult to locate.

Some merchants offering business credit include Chevron, Dell, Staples, and Lowes.

Once business credit is established and paid-as agreed the business credit scores will continue to increase.

As more positive credit history is established and scores increase, business owners can then be approved for even more credit with higher credit limits.

Business credit is an outstanding resource for businesses. Funds are available for location expansion, equipment financing, payroll funding, and day to day operations cash flow.

Owners can obtain credit to run and expand their businesses without the personal liability of using a personal guarantee.

David Zabawa - About Author:
David Zabawa is founder and President of Business Assistance Foundation, Inc., Denver, Co.
Since 1999, BAF, inc.,(division of HomeBuyers Assistance Foundation, Inc. a Non Profit), has specialized in helping business owners establish excellent business credit scores and then leverage those scores to access cash and credit for their businesses regardless of their personal credit history. For more information on business credit scoring and, business credit, visit: creditforsmallbusinesses.com.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/finance-articles/business-credit.htm

Related Finance Articles Subscribe to RSS

Bad credit debt consolidation UK
Published by Fresh Finance on January 19th 2012 | Finance
The debt consolidation entails taking out one mortgage to pay off many others. This is done to prote...
 
What's the difference between the purchase, balance transfer, and cash withdrawal rates on credit cards?
Published by Jesse Wallace on July 11th 2012 | Finance
Understanding the various rates offered by your credit card could help you get the most from your pu...
 
Bad credit loans no fees: Shake Hands with Cash Crunches with Smile
Published by Cameron White on December 13th 2011 | Finance
Bad credit loans no fees are always ready to shake hands with poor creditors to let them feel comfor...
 
Why hire a credit card debt management company?
Published by Yossi A on January 12th 2012 | Finance
As a matter of fact, it not only clears your already existing debt but also offer valuable technique...
 
No credit search loans - Get Funds Without Verification Process 
Published by Alice Johnsonn on January 12th 2012 | Finance
No credit search loans don’t account your credit history and helps you to avail cash support in qu...
 
Locating Added Capital for the Small business
Published by Timothy Powell on June 15th 2012 | Finance
At times, 1 of the most hard tasks faced by business owners is acquiring sufficient capital to opera...
 
Prepaid card-The credit solution
Published by Anni on March 2nd 2012 | Finance
A prepaid card is some card that you place your own cash into ahead of era so you can employ that ca...
 
Blake cab offer some of the most reliable debt collection agency results of any business of its kind in the UK
Published by Mary Porter on July 12th 2012 | Finance
If you have incurred lost monies then here at Blake debt collection industry we have the experience ...
 
What best practices are available for me to boost my credit rating?
Published by Jesse Wallace on June 6th 2012 | Finance
Improving your credit rating can be the best way to get discounted rates on credit cards and loans....
 
Unsecured business loans are funds with fast approval
Published by Macrobusinesscapital@gmail.com on February 3rd 2012 | Finance
There may be several reasons for someone to look for additional or basic finance for his or her firm...
 
Bad credit and mortgage refinance option
Published by Kam Brar on December 16th 2011 | Finance
As people think, it is not easy to get mortgage refinance with bad credit. There are various factors...
 
Primary reasons to get a credit card processor online
Published by Neal on February 9th 2012 | Finance
There are countless advantages of having a merchant account or payment processor beside you. In this...
 
Free credit score report: why to get one
Published by Brigham Brock on May 29th 2012 | Finance
It is essential to begin creating a credit status as early as possible. You can start to create one ...
 
How to choose the balance transfer credit card offer?
Published by Alenpaul on January 19th 2012 | Finance
As many find themselves in debt with certain credit cards, and trying to renew their card ability th...
 
How can i get dependable credit card debt advice and exactly how could it benefit me?
Published by on March 27th 2012 | Finance
Credit card debt advice is a program provided by debt companies to help those people who are battlin...
 
What to consider when applying for a credit card online
Published by Fiona Roy on April 23rd 2012 | Finance
Discover which type of credit card is right for you....
 
Getting settlement when it comes to credit card
Published by Rajkumar Kaushal on June 19th 2012 | Finance
Getting settlement when it comes to credit card is not very easy sometimes because of the details an...
 
Why a business advance has more advantages
Published by Mathias Scott on April 2nd 2012 | Finance
For those people running small businesses in the current economy, they all know the trouble associat...
 
With online research you can loan about car loan with bad credit
Published by Pamela Andersen on May 16th 2012 | Finance
The online auto financing is easy way of saving time and money as well as not compromising on the ra...
 
Finance for worst credit sanctioned within a day of filling
Published by Ross Sorin on March 2nd 2012 | Finance
Online financial aid is available for bad creditors through which they can get easy cash without fac...