Sentences with phrase «stronger business credit profile»

If they don't report, your good credit behavior with them doesn't do anything to help you build an even stronger business credit profile.

A short - term business loan can also be a tool to help a business create a stronger business credit profile.

Trade credit, or payment terms, with your vendors and suppliers can be a good approach to build a strong business credit profile — provided they report your good credit behavior to the appropriate credit bureaus.

You should be aware that a strong business credit profile is not a guarantee you'll find success with a small business loan — but it likely will make it possible to have more options.

Nevertheless, in addition to a good personal credit score, small business owners also need to focus on building a strong business credit profile.

Although a strong business credit profile isn't a guarantee you'll get the financing you might want, it will provide additional options unavailable to a business with a poor credit profile.

If your lender doesn't report to the business credit bureaus, you may be building a good customer relationship with that specific lender, but you're not doing anything to build a strong business credit profile, which is what other lenders will examine when assessing your application.

If your goal is to establish a strong business credit profile in the early years of your business, because your personal score is an important part of getting started (and, many lenders start there), it could make sense to begin with your personal credit.

A strong business credit profile is the foundation for demonstrating your business» creditworthiness to a potential lender.

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.

That being said, borrowing the capital you need to fuel growth or otherwise add value to your business and making each and every payment in a timely manner, is the single most important thing you can do to build a strong business credit profile.

Not too long ago we invited a group of small business experts to a Twitter chat to answer questions about how business credit works and what you can do to build a strong business credit profile.

Using your personal credit doesn't do anything to help you build a strong business credit profile; and the higher balances (increasing the ratio of available credit to the credit used) may even hurt your personal score.

This is the single biggest thing you can do to build a strong business credit profile.

Qualifying for a business credit card may be easier than a traditional loan and could make it possible for a business owner who has not yet established a strong business credit profile or don't have sufficient revenue to qualify for a small business loan (provided you have a strong personal credit history).

Your credit usage and good credit practices will help you build a strong business credit profile

Because approval is often largely based upon the business owner's personal credit history, a business credit card may be a good option for startup and early - stage businesses that haven't been in business long enough to establish a strong business credit profile, yet occasionally need credit to pay for business expenses.

If you have a strong business credit profile and an established business, a line of credit could be an option for your business.

From start - up costs to new expansion strategies, establishing a strong business credit profile with diverse accounts can help make or break your immediate and future business plans.

I say this because using your personal credit for business purposes doesn't help build a strong business credit profile and some business credit use cases can actually harm your personal credit score.

Amanda is dedicated to the idea that a strong business credit profile can contribute to overall greater business success and she works with accounts to create and execute custom strategies based on the needs of the business owner.

North Shore Advisory offers an advanced business credit building program where our in - house business credit experts will work to build credit and offer one - on - one guidance with companies as to what they need to do to deliver a strong business credit profile.

If your goal is to establish a strong business credit profile in the early years of your business, because your personal score is an important part of getting started (and, many lenders start there), it could make sense to begin with your personal credit.

Not too long ago we invited a group of small business experts to a Twitter chat to answer questions about how business credit works and what you can do to build a strong business credit profile.

You should be aware that a strong business credit profile is not a guarantee you'll find success with a small business loan — but it likely will make it possible to have more options.

This is the single biggest thing you can do to build a strong business credit profile.

Although a strong business credit profile isn't a guarantee you'll get the financing you might want, it will provide additional options unavailable to a business with a poor credit profile.

Nevertheless, in addition to a good personal credit score, small business owners also need to focus on building a strong business credit profile.

Trade credit, or payment terms, with your vendors and suppliers can be a good approach to build a strong business credit profile — provided they report your good credit behavior to the appropriate credit bureaus.

While a small business loan might be a challenge for the earliest stage businesses, focusing on building a strong business credit profile in the first year or two of business is a good long - term strategy.

From start - up costs to new expansion strategies, establishing a strong business credit profile with diverse accounts can help make or break your immediate and future business plans.

Because approval is often largely based upon the business owner's personal credit history, a business credit card may be a good option for startup and early - stage businesses that haven't been in business long enough to establish a strong business credit profile, yet occasionally need credit to pay for business expenses.

That being said, borrowing the capital you need to fuel growth or otherwise add value to your business and making each and every payment in a timely manner, is the single most important thing you can do to build a strong business credit profile.

A strong business credit profile is the foundation for demonstrating your business» creditworthiness to a potential lender.

Using your personal credit doesn't do anything to help you build a strong business credit profile; and the higher balances (increasing the ratio of available credit to the credit used) may even hurt your personal score.

«Building a strong business credit profile is a matter of making sure there is more good stuff than negative stuff in your profile and won't happen overnight,» said King.

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.

If building a strong business credit profile is important to you (which it should be), any time you borrow, make sure your good credit behavior is reported the appropriate business credit bureau.

If your lender doesn't report to the business credit bureaus, you may be building a good customer relationship with that specific lender, but you're not doing anything to build a strong business credit profile, which is what other lenders will examine when assessing your application.

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.

Just as your personal credit score helps determine the quality of your credit card offers, a strong business credit profile will help you earn invitations to enjoy better deals and bigger discounts.

While the recession has made it harder to avoid personal guarantees for business credit, building a strong business credit profile is still important.

Not exact matches

For example, a banker can help you build a strong credit profile, as well as help you gain access to the capital your business needs when you're credit ready.

Business owners who better understand the factors used to determine creditworthiness can assure they're working to develop a strong credit profile.

Whether you've just started a business or been in the game for years, building a strong credit profile is essential to stay competitive.

This can be challenging for many businesses, particularly for earlier stage businesses that haven't established a strong profile yet, but it not only doesn't build your business profile, it could even hurt your personal credit score.

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.

These businesses all offer supplies that most businesses use on a regular basis and report your good credit behavior to the business credit bureaus, which will help you build a strong profile over time.

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.

While it may sound overly simplistic, regularly reviewing your profile is one of the most important steps to help you build a strong business credit history.