BUILDING YOUR BUSINESS CREDIT PROFILEBusiness Credit Building Program
With an established business EIN (employer identification number), you are able to build and develop a credit profile that is attached to your business for a long-term funding solution.
Benefits Of Utilizing Business Credit
Business Credit Building
Another Business Funding Option
Eighty percent (80%) of businesses fail within the first year due to undercapitalization. That number rises to ninety percent (90%) in the second year. Having funding options can be the difference in being successful or not making it as a business.
By utilizing business credit, you are able to fund your business with business credit rather than using personal credit and funds.
High Limits, Low Interest Rates
With a well-established business credit score, loans and credit card limits are often much higher than those offered for individuals. Not only can you get high limits or amounts, but interest rates are also offered at a much lower rate. Funding your business at zero to two percent (0–2%) interest is very common and can help you grow and scale your business quickly.
Personal & Business Finance Separation
When you start a business, not only do you want to separate yourself from the business legally, but you want to separate yourself from the business financially as well.
By establishing your business credit score, and utilizing business credit, you are able to separate your personal and business finances. This gives you more protection and less financial liability within your business.