Spokane Portland
Business Credit: a Financial Boost Toward Your Business Dream
Would you buy that equipment your business desperately needs?
Would you hire that assistant so you wouldn’t have to work 70+ hours a week and on weekends?
Would you pay off some bills? Taxes perhaps?
Would you launch an advertising campaign to bring in more customers or clients?
Would you buy residential or commercial property?
Is the lack of small business credit holding you back from growing your business or perhaps the thought of even starting a new business?
What would you do with an extra 30, 50, $100,000 in your bank account right now or the availability of a line of credit?
While you may think this is an impossible dream, the reality of having a business credit line may be much closer than you think. The key to having this kind of extra money ready to spend for your business is in knowing the secrets to be able to acquire business credit.
Securing business credit can seem daunting when you are first starting on this path, but with a few small steps, and a little patience, you will be able to secure the credit you need to get your business where you would like it to be.
The first thing you need to do is make sure your business has it's own credit. Often when people start businesses, they don’t realize the business credit is tied to their personal credit.
It's time to do a credit check on your business. Pull your business' Dun & Bradstreet Credit Profile and see what it says. Don’t have a D&B Credit Profile? This is not going to help your business establish it's own credit.
As you build credit for business, you will suddenly find a new world is open to you. Instead of having to take out complete loans for each purchase you want to make, you will instead be able to secure a business line of credit. This means you will have money, ready to go, when you need it, but don't have to use it (or pay interest on it) until that time comes. This is the way large businesses work, why shouldn't you be using their business credit line tricks?
While you may be thinking You Can get the same thing by having a personal credit card, you'd be wrong. Unlike a personal credit card, a business line of credit, whether through a bank, or credit card company (such as the Open American Express card), will be giving perks for being a business account. Some of those perks can include convenience checks. Sure, you've seen those with your personal credit card, but when you use ’cash advance checks' with your card, it will cost a fortune. Business accounts often come with 'convenience checks' that do not come with the same penalty fees and charges for usage.
While these two tips may seem relatively simple and basic, establishing your own business credit, and a business line of credit can help you take major strides towards starting or growing your dream business.
Pat Gage, The Opportunity Creator, and a leading expert in the field of business credit has helped a number of clients target his specialty, starting, expanding, and growing their businesses through his trademarked 10 Steps to Money System. The Opportunity Creator is not only a sought after business credit coach but also a national speaker. For more information on any topic discussed, visit Gage’s site at http://www.10stepstomoney.com
This 10 step system is being used all over the country: Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY) Major Metro Areas: Albuquerque, Atlanta, Austin, Baltimore, Boston, Charlotte, Chicago, Chico, Cincinnati, Cleveland, Columbus, Dallas, Fort Worth, Denver, Bolder, Detroit, Ft Lauderdale, Palm Beach, Hartford, Houston, Indianapolis, Jacksonville, Kansas City, Las Vegas, Little Rock, Long Island, Los Angeles, Memphis, Miami, Milwaukee, Minneapolis, St Paul, Monterey, Nashville, New Haven, New York, Oakland, East Bay, Oklahoma City, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh, Portland, Puerto Rico, Raleigh-Durham, Reno, Tahoe, Rochester, Sacramento, Salt Lake City, San Francisco, San Jose, Silicon Valley, Santa Fe, Seattle, Spokane, Springfield, St. Louis, Tampa, Toronto, Tucson, Washington DC
About the Author
Pat Gage, The Opportunity Creator, and a leading expert in the field of business credit has helped a number of clients target his specialty, starting, expanding, and growing their businesses through his trademarked 10 Steps to Money System. The Opportunity Creator is not only a sought after business credit coach but also a national speaker. For more information on any topic discussed, visit Gage’s site at
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This entry was posted on Thursday, December 25th, 2008 at 9:54 am and is filed under Trains. You can follow any responses to this entry through the RSS 2.0 feed.
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