Resource Category: Credit

What Is Business Credit?

At some point in your journey as an entrepreneur, you’re sure to come across the term “business credit.” However, if you’re like many business owners, you may wonder what does business credit mean? Business credit is a company’s ability to buy something now and pay for it later. By establishing a good business credit rating, you may make it easier to borrow money when your company needs it. Keep reading for a breakdown of how business credit works, how to… Read More

How to Open a Business Credit File

Even if you have great personal credit, as a new business owner you might not understand how to open a business credit file for your company. While personal and business credit have a lot of similarities, there are differences as well. Just because you know how personal credit works doesn’t mean you know how to build solid business credit scores that can help your company thrive and grow. If you don’t know where to start when it comes to establishing… Read More

How to Build Commercial Credit for Your Business

It takes a lot of hard work to build a successful business. Branding, product or service development, marketing, and good customer service can all be key components to your company’s success. But these aren’t the only things that matter when you’re trying to grow a healthy business. Good commercial credit can also be a powerful tool you can use to help launch your company and expand. What Is Commercial Credit? Commercial credit is also known as "business credit" or "corporate… Read More

How to Build Corporate Credit

It’s not unusual to feel confused about how corporate credit works. If you’re unsure how to build corporate credit for your company, you certainly aren’t alone. In fact, nearly half of small business owners aren’t aware that they have a business credit score in the first place. Even if you understand how to earn a good credit rating with the three personal credit reporting agencies – Equifax, TransUnion, and Experian – business credit reporting is a different animal. It’s perfectly… Read More

Business Credit Bureaus: Who They Are & How They Work

As a small business owner, keeping an eye on the health of your business credit is a task which deserves a place on your to-do list. Strong business credit can make it easier to get supplier credit and certain small business loans, save you money on insurance and even help your business secure lucrative contracts.  But if you’re like many business owners, you don’t know who these business credit bureaus are or how they work. Here we’ll demystify business credit… Read More

Business Credit Builder Tips Every Business Owner Should Know

Building good business credit is a smart investment of your time, energy, and resources as a business owner. Good business credit can make it easier to secure financing for your company when you need it, and often to get that financing at a better price. Yet the benefits of establishing a strong business credit profile matter even if you’re not applying for a loan, credit card, or line of credit. Good business credit can save you money on insurance premiums… Read More