Sentences with phrase «maintaining strong business credit»

What's more, it's not uncommon for there to be mistakes within your profile, so regularly monitoring your credit data to ensure it's accurate is an important strategy for maintaining strong business credit.

First, you need to build and maintain a strong business credit score.

Not exact matches

For most small business owners, the need to maintain a strong personal credit score isn't likely to go away, but building a good business credit profile is critical as your business grows.

The need to maintain a good personal credit score will likely never go away for a small business owner, but a strong business credit profile is a critical foundation to how a lender measures your business» creditworthiness.

As a small business owner, you don't need to be a credit or finance expert, but in today's world, it's critically important that you have a strong foundation of credit knowledge and are vigilant in your efforts to build and maintain a strong profile.

Nevertheless, most lenders will consider your personal credit score in addition to your business» credit profile so it's important to take actions that will build and maintain a good personal credit score in addition to building a strong business profile.

«Maintaining a strong credit score will help students later in life as their goals change from paying for education to buying their first car, starting a business or buying their first home,» said Jarman.

Qualifying companies generally have a strong credit rating and maintain comprehensive financial reporting with strong internal controls — tending to be established businesses with a solid track record.

Brokers must maintain strong credit to enter into contracts and stay in business.

Nevertheless, most lenders will consider your personal credit score in addition to your business» credit profile so it's important to take actions that will build and maintain a good personal credit score in addition to building a strong business profile.

The need to maintain a good personal credit score will likely never go away for a small business owner, but a strong business credit profile is a critical foundation to how a lender measures your business» creditworthiness.

Nevertheless, most lenders look at your past credit behavior to make judgments and decisions about what you will likely do in the future — so maintaining a good personal credit score and building a strong business credit profile should be a business priority for those seeking a small business loan.