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Learn Step by Step How To Get Business Credit for your Business without Personal Credit.
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You Could Use Business
Credit to 
Grow Your Business!
Pay For Advertising
Buy Real Estate
Purchase Inventory
Buy Equipment
Cover Payroll Expenses

Congratulations to our successful graphics design company client who received $50,000 in unsecured credit lines!
They’ll be using their newly acquired funds to implement marketing strategies to grow and scale their business.
Our client needed financing to help them acquire medical equipment, which we were able to help them obtain quickly. This new equipment will allow them to continue to set the standard in their field. Our client’s time is very precious to her and she needed to obtain financing quickly, without endless amounts of documents to provide, and we were able to make that happen.
Our client from Illinois was in need of financing for equipment and supplies for a big job. This financing provides him the ability to achieve business goals in the time frames he has set out. He didn’t have time for a lengthy underwriting process so he knew just the place to come to that could meet his financing needs. This financing was a boost for the company and aided their continued success.
Establishing business credit is an important step for any new small business and helps you to: (1) maintain a credit history separate from your personal credit history and experience the business benefits of having good business credit, and (2) demonstrate separation between owners and the business.
Why separate credit histories?
By having a business credit history separate from your personal one, you can minimize the effect negative events one might have on the other. For example, if you have some financial missteps that impact your personal credit history and score, they shouldn’t impact your small business credit if you have established a clear separation and vice versa.
Why separate business and owners?
Unless you’re operating your small business as a sole proprietorship or general partnership, you need to demonstrate that the business is separate from the owners. One of the key benefits that corporations and limited liability companies (LLCs) provide the owners is protection of their personal assets. Keep this protection in place by consistently showing clear separation between the owners and the business.

Benefits of having good business credit

Having good business credit can provide a number of benefits, including:
Positioning your company for more favorable payment terms with new vendors and suppliers.
Reducing the number of times you will need to prepay for products or services purchased.
Allowing you to obtain better interest rates and credit terms from lenders and banks.
Once you have established and built good business credit, be sure to monitor and protect it, just as you do with your personal credit.

Eight (8) steps to establishing your business credit

  • Incorporate your business. Even though you may be incorporated when you’re reading this, it deserves a mention. With sole proprietorships and general partnerships, the business is legally the same as the owner; therefore, there can be no separation of business credit history from personal. Incorporating a business or forming an LLC creates a business that is legally separate from the owner(s).
  • ​Obtain a federal tax identification number (EIN). The EIN is basically a social security number for a business. It is required on federal tax filings, and is also required to open a business bank account in the name of the corporation or LLC. In order to comply with IRS requirements, many larger businesses also require an EIN from their vendors in order to pay them for services provided.
  • ​Open a business bank account. Open a business checking account in the legal business name. Once open, be sure to pay the financial transactions of the business from that account. If you use a business credit card (see below) for many financial transactions, be sure to pay the credit card bill from your business checking account.
  • ​Establish a business phone number. Whether you use a landline, cell phone or you use VoIP, have a separate number for your business and in your business’ legal name. List that number in the directory so it can be found.
  • ​Open a business credit file. Open a business credit file with all three business reporting agencies: Experian, Equifax and TransUnion.
  • ​Establish a line of credit with vendors or suppliers. Work with at least five vendors and/or suppliers to create credit for your company to use when purchasing with them. Ask them to report your payment history to the credit reporting agencies.
  • ​Pay your bills on time. Perhaps it should go unsaid, but be sure to pay your bills on time. Like with your personal credit, late payments will negatively impact your business credit.
Get The Most Comprehensive, Step-by-Step Course to set up ANY Business with Business Credit.
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