If you’re a small business owner, there are a few important things you need to know about financing and business credit.
Many small business owners find it difficult to get business credit or small business loans because they made the mistake of using their personal credit scores/history in order to get financing. The more you use your personal credit to finance and run your business, the more your personal credit score (FICO) drops.
Not only does this hurt your chances of getting business loans or financing in the future, but you run the risk of ruining your personal credit rating should anything unfortunate happen to the business. When you build strong business credit through the use of true business credit cards and other business financing, there is little impact on your personal credit rating and you won’t be held liable for the bills and debts incurred by the business.
Initial Underwriting Group is a company that specializes in helping small business owners build true business credit and obtain the financing they need. They’ve assisted business like real estate investors, franchise buyers and inventors. If you own any type of business, chances are the Initial Underwriting Group can help.
One of the main advantages to having real business credit as opposed to using your personal credit to get financing for your small business is that it enables you to obtain virtually anything you need. Whether your business needs to expand, purchase new equipment or meet payroll, having strong small business credit can help you meet those challenges more easily.
In addition, having a true business line of credit can help you get lower rates on loans, insurance premiums and leases. It also allows the business owner to keep their personal credit separate from their business obligations.
One of the keys to building good business credit is to get your credit score established with Dun & Bradstreet. D&B is the largest business credit reporting agency in the United States, which is why it’s vital to your business to have your credit reported to them. This causes your business to appear stable and on good financial ground, which is imperative when you’re looking to obtain financing and lines of credit.
Initial Underwriting Group has helped numerous businesses build their business credit and get the financing they need to make their businesses more successful.
If you’re interested in what IUG can do for you, you can visit them at their website at initialunderwriting.org. There, you can fill out an online application at no charge to see whether you and IUG are a good match for one another and read the many success stories from business owners they’ve helped over the years.
Initial Underwriting Group is a company that specializes in helping small business owners build true business credit and obtain the financing they need
If you’re a small business owner, there are a few important things you need to know about financing and business credit.
Many small business owners find it difficult to get business credit or small business loans because they made the mistake of using their personal credit scores/history in order to get financing. The more you use your personal credit to finance and run your business, the more your personal credit score (FICO) drops.
Not only does this hurt your chances of getting business loans or financing in the future, but you run the risk of ruining your personal credit rating should anything unfortunate happen to the business. When you build strong business credit through the use of true business credit cards and other business financing, there is little impact on your personal credit rating and you won’t be held liable for the bills and debts incurred by the business.
Initial Underwriting Group is a company that specializes in helping small business owners build true business credit and obtain the financing they need. They’ve assisted business like real estate investors, franchise buyers and inventors. If you own any type of business, chances are the Initial Underwriting Group can help.
One of the main advantages to having real business credit as opposed to using your personal credit to get financing for your small business is that it enables you to obtain virtually anything you need. Whether your business needs to expand, purchase new equipment or meet payroll, having strong small business credit can help you meet those challenges more easily.
In addition, having a true business line of credit can help you get lower rates on loans, insurance premiums and leases. It also allows the business owner to keep their personal credit separate from their business obligations.
One of the keys to building good business credit is to get your credit score established with Dun & Bradstreet. D&B is the largest business credit reporting agency in the United States, which is why it’s vital to your business to have your credit reported to them. This causes your business to appear stable and on good financial ground, which is imperative when you’re looking to obtain financing and lines of credit.
Initial Underwriting Group has helped numerous businesses build their business credit and get the financing they need to make their businesses more successful.
If you’re interested in what IUG can do for you, you can visit them at their website at initialunderwriting.org. There, you can fill out an online application at no charge to see whether you and IUG are a good match for one another and read the many success stories from business owners they’ve helped over the years.
Additional Resources
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