Business Credit Blog

I get asked this question quite often and thought I would clear the air on what business entity selection is best when starting to build business credit.  This step by far is the most important because it's the foundation for what you will be building your business credit upon.  Not to mention al...

Many business owners across the country have experienced the cold shoulder from their banks and seen their credit lines reduced as a result of rising losses, the credit crisis, and economic uncertainty.  With all the doom and gloom it's time to start spreading some positive news regarding credit ...

While many small business owners realize the benefits of starting business credit there are many mistakes that are made in the business credit building process. I felt that compiling a list of the most common mistakes I've seen throughout the industry can serve as a helpful guide to you. Here the...

The American Express card has spent years and years branding itself as the card you can't leave home without. While the AMEX card has been one of the consumer's preferred credit cards to own not much has been discussed when it comes to the way it reports the payment history of it's customers.   W...

One of the mistakes that I see business owners make when attempting to build business credit is not paying attention to details. I want to provide you a business credit tip that can help improve your chances of getting approved for loans, credit cards, and lines of credit for your business.   One...

There's been quite a stir on the integration of FICO® 08 which is the credit scoring system used by the majority of lenders to determine a consumer's credit worthiness. Similar to your personal credit ratings, businesses and corporations also have a credit rating system that potential lenders use...

During tough economic times many business owners are faced dealing with tough personal credit challenges.  As a result they have to resort to applying for bad credit business loans just to keep their businesses afloat regardless of the interest rate being charged.   Hard money lenders have no pro...

Entrepreneurs and small business owners who have a separate legal entity for their business have a unique opportunity that no other individual or sole proprietor has.   It's the opportunity to start business credit by establishing a business credit profile that is completely separate from a perso...

Once you have an entity structure and obtained a Dun & Bradstreet number now it's time to start building your business credit profile. One of the biggest mistakes made by entrepreneurs attempting to build instant business credit is applying for numerous vendor accounts.   While some may have a te...

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...