Business vs Personal Credit
Why Separate Your Personal Credit From Your Business Credit?
When officers and owners use their own personal credit profiles to obtain credit for the business, they risk the chance of lowering their own personal credit scores. There are two reasons business owners should try not to use their personal guarantee on business credit. First, the individual signer is liable if the business cannot make the payments and second the credit obtained for the business can affect the individual’s personal credit score. Keep in mind, your personal credit score is based on several factors, including: available credit, the amount of available credit used, late payments, and much more.
B2B Credit, inc Can Provide The Following Lines of Credit for Your Business
• Major Hardware Store Line of Credit • Business Gas Card • Electronics Store Credit Card
• Printing Company Line of Credit • Automobile Lease • Computer Equipment Line of Credit
• Major Department Store Credit Card • Business Equipment Lease • Platinum Credit Cards
All without a personal guarantee or the need for personal credit checks!
Obtaining credit for a business is a process that should be established over time. The older the business the more options the business will have to build credit and obtain loans and leases without the use of personal guarantees. It is not easy to do this, but it is not impossible. The first step is to start building the business credit today.
Our Effective Business Credit Program can shorten the average 3 to 4 Years it takes to
Build Corporate Credit Down to ONLY 3 to 6 Months!
B2B Credit, Inc can provide your business the steps necessary to separate you from your business. Our Business Credit Programs can help you even if you are a start up company.
What Is Business Credit and How Does It Work?
While every section of your D&B Report is important in calculating your overall D&B Rating, your Paydex score is probably the single most significant measurement on your report. This is what lenders and suppliers first look to when considering you for a loan, lease or credit terms. Your Paydex score should be 70 or greater to get approved for financing.
Use this Key to help you determine the meaning of your Paydex Score.
Paydex PAYMENT SCORE DEFINITION
100 Anticipate
90 Discount
80 Prompt
70 Slow to 15 Days
60 Slow to 22 Days
50 Slow to 30 Days
40 Slow to 60 Days
30 Slow to 90 Days
20 Slow to 120 Days
UN Unavailable
Click here to review the various business credit programs we have to offer you click here.
