As an entrepreneur we can never have enough funds to move forward with our venture. One way to increase your buying power is to separate your personal and business credit.
Immediately, you know have two separate funding sources to utilize in order to keep your venture going. Owners with strong business credit profiles are able to borrow more than your average personal credit profile. You can get approved for much higher funding amounts using your business credit than you would if you used your personal credit to qualify.
Over 90% of small business owners have zero idea about this fact. What would you do with increased buying power for your business?
Purchase a new laptop
Get office supplies
Send my direct mail campaign
...and the list goes on
SBA states that business credit approvals are typically 10-100 times higher than consumer credit approvals. This means that even if you were to default, creditors cannot pursue you personally or touch any the assets outside of your business if created and maintained properly.
With amounts available from $10,000 and up, you need to ask yourself, why am I not utilizing this option for my business?
SBG Credit and Finance is a business credit firm assisting business owners with building their business credit and gaining access to a vast array of funding options.
To schedule a 15 minute free consult around your schedule, CLICK HERE.
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