Imagine being able to get your hands on $50,000 for your company.
The success of your business is determined by your credit profile and score.
You will have nearly limitless borrowing capacity if you have an excellent business credit profile.
It will be tough to succeed without access to operating capital and investment if you don’t have an excellent business credit profile.
This is why nearly every Fortune 500 company uses its business credit to obtain capital.
It’s not as if they require the funds to function. Successful businesses use funding as a source of leverage to expand their operations.
The best kept secret in business is business credit. Over 90% of all business owners have no idea what it is or what their credit ratings are.
However, if you understand what business credit can accomplish for you and your company, you will be astounded at how simple it is to obtain funds and expand your company.
Lenders will grant you money based on your business credit, not your personal credit, if you have a solid business credit profile.
If you have a strong company credit profile, lenders will lend you money based on your business credit rather than your personal credit.
If you use your company credit to qualify, you can get approved for considerably more money than if you used your personal credit.
Another significant advantage of business credit is that you may not be required to give a personal guarantee for some of the funds you obtain.
This means you won’t be held personally liable if you gain clearance. As a result, if you default, the creditor will be unable to seek personal assets such as your home or personal bank accounts.
Business credit increases the worth of your company and establishes its reputation. If you have a great business credit profile, stakeholders, partners, lenders, and even potential buyers will regard your company as having higher worth.
Most importantly, having a strong corporate credit profile ensures your safety. Working money is a lot easier to come by, which makes it much easier to manage your business.