Welcome you to the Business Credit Building Program. One of the single most important decisions you’ll make with your business, by establishing business credit you will greatly increase your ability to succeed long term. Business credit is the single largest source of lending in the entire world.
Through this program, you can change the course that business owners face, carrying the business debt in their personal credit report.
Your corporation is an entity apart from you as an individual with its own birth certificate and EIN number.
There are two credit bureau agencies, personal and business. Through this process you will learn how to separate your personal credit from your business credit. Your business can develop a separate credit profile. Building a strong business credit profile is the foundation for your company’s longevity and success. The business credit profile will allow you to register with the appropriate business credit bureaus. There are several business credit reporting agencies in the United States that lenders rely on for information to grant credit. Most corporations will register with three credit bureaus depending upon the industry. The three most common business credit bureaus are Dun & Bradstreet, Experian and Equifax. After registering, you can begin the process to apply and qualify for business credit and establishing suppliers, credit cards, lines of credit, leasing of equipment, and utilizing the areas your business may have a need for such as cell phones, office supply, gasoline, printing services, postage, and courier service. It is essential that you go through the process to generate payment history.
This process will allow you to develop a business credit score of 80 or greater.
This is equivalent to a FICO score of 800 which can take a lifetime to establish.
We look forward to helping you develop an excellent business credit score by following the appropriate procedures. Credit is not just a score, it’s a skill! Together we can Master this skill, credit is not an item you can purchase, it’s something that you must earn. You have the opportunity to live the American Dream!