How Business Credit Can Save Your Small Business

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We’ve witnessed more than just the tragic loss of life during the COVID-19 pandemic—we’ve seen the loss of people’s jobs and livelihoods as well.

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As a business owner, it can be scary living through these uncertain times, but there are steps you can take today to save your business and have certainty about the future. How? Two words…

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Business credit.

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Defining Business Credit

Similar to personal credit, business credit is a track record of your business’ fiscal responsibility. Business owners and vendors report this payment history to credit bureaus like Dun & Bradstreet and Experian who then issue a credit score.

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Your business credit profile with these bureaus are where investors and financial organizations look to determine your business’ eligibility for loans or business partnerships.

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Why is Business Credit Important?

The #1 reason you need business credit is to separate yourself from your business. Many business owners make the mistake of personally financing their business. They don’t realize that not only is this difficult to sustain, it puts them at serious risk of personal financial loss!

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In the current economic climate, separating yourself from your business has never been more important. Business credit protects you and saves your business from potential cash flow issues.

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Additionally, business credit comes with a ton of advantages, and the better your business credit score, the better these perks. Here are just a few examples.

Building business credit:

– Prepares you for future lending needs

– Allows you to extend cash flow with higher credit lines

– Saves you money by lowering your interest rates

– Makes your business more attractive to investors

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Start Building A+ Business Credit

Here at Inc Authority we understand the importance of building good credit quickly, which is why we’ve developed a strategy that gets business owners A+ credit fast. When you partner with Inc Authority, you’ll get a business credit coach who will register and set up your business profile with Dun & Bradstreet and Experian Business.

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Then, using proprietary software, we’ll guide you through our simple process to build business credit. In just 90 days, you can have an A+ credit rating, with easy access to business loans, credit lines, and working capital.

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If you want to save your business during these challenging times and have peace of mind about the future, you need business credit.

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Contact the business credit experts at Inc Authority to learn more and get started building A+ business credit!

GET STARTED

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Incorporating is the most powerful thing you can do to legitimize your business. And at IncAuthority.com, our LLC setup service is 100% free. Always. So, don’t wait. Form your LLC today and enjoy the protection due to you and your business under the law. Start now for free.