Do You Have Business Credit?

Do you know what Business Credit is??  Many Small Business Entrepreneurs DO " NOT" have Business Credit.  Here are some eye openers -

  • Are you a Sole Proprietor? If so - you do "NOT" have business credit - period.  You cannot separate your personal credit from your business credit.  This is not in compliance with the business credit requirements.
  • You must be a Corporation or an LLC in order to build a true business credit asset!
  • 97% of Bank Business Loans are turned down!
  • You do "NOT"  have a business credit rating until you start one!
  • It doesn't matter how long you have been in business (1 year) . . . (5 years) . . . (20 years) - as far as banks are concerned, if you don't have a business credit rating it's a personal loan with personal guarantees (for you) or nothing at all!

This information was taken from the E-Myth Worldwide - Unlimited Business Financing without a Personal Guarantee.  I recommend registering with them (it is free) and getting their newsletters.

Part of being in business is to surround yourself with sound financial assistance.

Click Here to Download the PDF file that contains additional information that I took the above reference from.

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About 

I am a Freelance Writer/Blogger and WordPress Web Designer. I created a blog (one spot) where I can post great business tips, sayings, opinions, and information to our women entrepreneurs.

I spend a lot of time fine tuning your Internet Presence. Why? Because being consistent all across the board is key! Here's a little tip: Use the same branding image across all of your internet networks. Optimize each social media profile with consistent keywords and information about you. Yes, you can modify the profile info a bit (to coincide with the social network you belong to. But it needs to be relevant and informative!

How are you Unique? What is your dream, your passion? Who do you relate to? Are you a decision maker or are you a follower. I love what I do ~ but my passion is my digital magazine - putting this front and center is a challenge ~ but it has never ventured too far away from my purpose.

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