Another reason business credit is a great resource for business owners is that there is no personal credit check with many sources. So, even business owners with challenged credit can be approved for thousands of dollars of credit for their businesses. To qualify for most business credit sources the business must have a positive credit score established with the appropriate business credit reporting agencies.
The two most commonly used business credit scores are the Paydex score from Dun & Bradstreet and the Intelliscore from Experian. Once a positive business credit score is established, many merchants will then approve the business owner for credit in the business’s name. Thousands of major merchants offer business credit. But most don’t promote their business credit programs, so they are difficult to locate.
Some merchants offering business credit include Chevron, Dell, Staples, and Lowes. Once business credit is established and paid-as-agreed the business credit scores will continue to increase. As more positive credit history is established and scores increase, business owners can then be approved for even more credit with higher credit limits.
Business credit is an outstanding resource for businesses. Owners can obtain credit to run and expand their businesses without the personal liability of using a personal guarantee. For more information or to schedule a FREE assessment visit www.goodcreditwithchris.com.
about chris bridges
She is an author of the bestseller “The Queens Legacy”, “What You Need to Know about Credit & Cosigning”, “Credit & Bankruptcy, Rebuilding After The Financial Storm”, “Your First Step to Credit Restoration” and “He Jacked up My Credit”. She is also a contributing author for several magazines as well as other newsletters. She is also the co-host of her weekly radio broadcast, Lunch & Learn with Chris & Barrett. Her latest program, The 21 Day Credit Challenge, is moving her clients closer to an 850 credit score in as little as 21 days.