Don't Make it Personal

Far too often, the entrepreneur jumps out with their great idea for a business without the proper approach or means to financing their venture. We read articles often that remind us of the Uber's of the world and their billion dollar valuations. If you are a small business owner or entrepreneur, this should be encouraging. Why wouldn't you want to be the next big idea that takes over a market?

Those great ideas started somewhere and with some source of funds. Typically, we borrow from family and friends or worse yet ourselves. If you have ever started up a business on a bootstrap budget, you are well aware of the pains of utilizing your personal credit. In some cases this works, while in others the potential for failure affects you personally and financially more than you expected.

Business owners run the risk of loosing personal assets and filing personal bankruptcy far too often. Today, some owners and potential owners are finding out more about business credit and how this cannot only protect your personal assets, but grow your business into an asset instead of a liability.




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.

Business Credit Assets and Startup Stress

Having a business credit asset has major advantages to a startup company. I call it a "business credit asset" because that's what it can truly be if done properly. Having a solid business credit profile can show bank and potential investors that you are responsible in your financial management skills as a young company.

Having the right profile can also alleviate the stressors that come with being an entrepreneur. When built correctly and in compliance with local, state, and federal laws the asset you have built can shield your personal credit from your business venture. Ask anyone that has started a business with a personal credit card and they will tell you, the stress is immediate. It may not be crushing, but knowing that you have now bet on yourself with a personal guarantee can cause pressure right out of the gate.

This is not to say that a business credit asset alleviates all stress involved; however, it does make it a little easier to know that the potential for failure will not destroy my personal credit, thus making the transition into the next venture or career that much harder.




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.

Starting Your Business with Little or No Money

Do not let the lack of available capital stop you from your dream. Although it may take time, there are alternatives to building your business through business credit. Business credit can be built faster than consumer credit with approvals coming within 90-120 days if done correctly.

Just as anything else, there are rules in place that allow business owners build business assets that are not personally guaranteed, thus protecting the business owner from personal financial risk; the primary risk being using personal credit and finances. Although the opportunity is there to build and utilize business credit, the responsibility that comes with building this asset should be adhered to just as with your personal credit and the responsibility that comes with it.

So does this option exist? Yes. Should I treat it with the same regard and respect of my personal credit? Yes...but most importantly, have a plan. Just because you may not be personally liable, does not excuse you from being responsible.

When used correctly, business credit can be a powerful tool allowing you and your business to prosper the right way.



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.

Increase your Buying Power with Business Credit

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.