Banks and other traditional lenders want to see three business credit cards with recent active transactions. These make up one of the three legs of the business credit stool. But not all business credit cards are created equal. You want to select business credit cards that report to the business credit reporting agencies – Dun & Bradstreet, Equifax, and Experian. Having your responsible use of business credit cards reported to these influential agencies is a sure way to build your credit.
Our Business Credit Building System guarantees to help you build strong business credit scores with all three reporting agencies
BusinessFinanceCoach.com talks about the 1-3-5 rule. A business should have one bank loan, three business credit cards, and five vendor lines of credit. Having three business credit cards is one of the 20 compliance items a business needs if it is seeking a bank loan.
BusinessFinanceCoach.com has been in operation since 1995 and is well-versed in steering companies through the process of building their credit. It also keeps a careful eye on building your total business, not just your credit.
BusinessFinanceCoach.com realizes that helping your company attain reputable financial health over time means keeping your business operating in the years to come. This is one of the reasons why BusinessFinanceCoach.com emphasizes careful selection of your first business credit cards with no relationship to personal credit. As your company expands, you may find it necessary to acquire a few more business credit cards. Starting off on the right foot and establishing an excellent payment history with your first business credit cards is essential to your company’s future.
Having business credit cards with no relationship with your personal credit is the only way you can grow your business while protecting your personal credit
BusinessFinanceCoach.com will also advise you against mingling your personal credit with that of your new company. You are a person. Your business is a separate person in the eyes of business law. Therefore, your company needs it's own business credit cards with no relationship to your personal finances. If you should experience financial difficulties in your personal life, any negative information reported to credit agencies will not affect your business. Conversely, if your company struggles for a while and is late in paying some balances on its business credit cards, your personal credit will remain unaffected.
The name “BusinessFinanceCoach.com” says it all. Our company will coach you through the process of obtaining the right business credit cards and will walk you through the right use of them.
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