THE ADVANTAGES OF HAVING BUSINESS CREDIT

There is more than one advantage to having business credit:

1. Separating your personal credit from your business credit is strategically wise for asset protection, and because this takes time, you need to start now!
2. You may qualify for larger amounts of credit as a business than you would as an individual. Private parties usually deal in tens of thousands of dollars, while corporations routinely qualify for hundreds of thousands of dollars.
3. Should you personal credit become challenged, you may still maintain an excellent business credit score, thus qualifying for lower interest rates, and saving thousands of dollars on the cost of borrowing, while insulating your business against any personal problems.

Many factors determine the type of credit available to a business or corporation. Loans and leases are dependent on many factors, including the financial capacity of the business. Your results may vary.

BENEFITS OF A POSITIVE BUSINESS CREDIT REPORT:

* Gives you a positive credit identity insulated from personal problems.
* Have access to lines of credit for business not available to individuals.
* Reduced need for personal credit checks, guarantees, and inquiries.
* Increases your access to fast cash.
* Saves money by lowering the interest you pay.
* Prepares for any current and future lending needs.
* Saves time with the major convenience of purchasing with open lines of credit instead of cash.
* Uses business credit to pay for business expenses, dining, travel, computers, auto expenses and much more, which make tax management easier.
* Extablishes a business image and business creditbility.
* Greatly increases your probability of success.
* Capitalizes on the business credit market.