Today’s tough economic times, fueled by credit defaults and mismanaged loan procedures, has caused an incredible tightening of lenders’ belts.
As a result, small businesses have fewer and fewer chances at pulling in the necessary cash flow that keeps development on track. Thanks to BusinessFinanceCoach.com – which has years of valuable experience in developing business credit ratings – approval of your business credit account is closer than you ever could have imagined.
There are many scam artists out there that will “guarantee” business credit approval, but the claims are often dubious at best and downright fraudulent at worst. The organizations that can guarantee business credit approval normally require personal guarantees of debt, leaving you and your partners in the firing line.
We take a new approach, devoting our time, experience and efforts to building your business’s credit rating from the ground up.
Many business owners, even leaders of long established and well respected firms, may mistakenly believe that their business credit reports are in excellent health simply because the company is in excellent health. This simply is not the case. In fact, there are more than 20 different factors that involve the calculation of business credit scores, and the lack of even one can mean the difference between business credit approval and denial.
BusinessFinanceCoach.com helps ensure that your company has all of the factors that put a company on the business credit approval track. From the basic – public information listings in your company’s name – to the advanced – establishing vendor credit lines and maintaining company credit cards.
Here are three things that you can do yourself:
1. Make sure that your company is a legal entity. Whether it is a sole proprietorship or a C-Corporation, without a legal formation, you will be unable to attain the business credit approval that you are after.
2. Establish basic accounts in your company’s name. Does your company have its own bank account? Does your company have individual accounts for phone, Internet, and other necessary utilities? These basics are the foundation of building your business’s credit score and ensuring approval of business loans and credit lines.
3. List yourself in free online databases and directories. Websites like Google, HotFrog.com and other databases offer free listings on their sites. Get your name out there and get in the habit of making sure that your company is standing on its own feet.
When you are done, call us and let us take you through the next stages. Before you know it, you will be on your way to building strong business credit reports that yield loan approvals again and again.
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