I recently poured over the Sept. 2006 issue of Inc. magazine, intrigued by the profiles of entpreneurs who have made the prestigious Inc. 500 fastest-growing companies list. More than one mentioned maxxing out personal credit cards to get their venture off the ground, or pledging personal assets as collateral for their business loans.
That's great when it works, but I also talk to a lot of entpreneurs who relied on personal credit and didn't achieve success as quickly as they wanted. Now they are panicking as the creditors start calling.
Most small businesses will borrow at some point if the plan to grow. Building business credit so you can avoid using personal credit as much as possible is crucial. That's what this blog is about. I'll share business credit building strategies, and would love to hear yours as well.
And, while you're at it, pick up the Sept. 2006 issue of Inc. It's very inspirational and educational. I'm also glad to be quoted in the article on small business credit cards (page 42) -- and welcome your comments!
Monday, September 25, 2006
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4 comments:
Getting a business loan to start your dream company is not easy. You need business credit. Business credit cards are not things you can get with a simple phone call. You need to have business credit. Getting a loan to expand your business and bring it to new heights is again, not easy. Again, you need business credit. So how do you get what you need most? You ask United Business Credit to help you, and that they will do plus lots more. No need to worry about any personal guaranteed or your own assets being on the chopping board, UBCredit will tale care of all the work that needs to be taken care of, minus the risk of anything personal on your end, can you get a better deal anywhere else?
I wanted to let you know that our company could be of help to your readers. We are a web design company that reports to Experian and if you have D&B Credit builder, you can use us as a trade reference. Our website is www.bitwavedesign.com. Your custom website will be completed and we charge $59 per month and we start out reporting $2500 account to Experian. The credit limit increases the longer we work with you.
If you have been thinking about incorporating you have to look at this offer. They are offering free corporation and LLC filing. Of course, you still have to pay your state fees but this link will save you $149 dollars.
http://www.mycorporation.com/?kbid=4345.
The economy has changed since your last comment, but I can still get business credit. Imagine how good it will be when the economy is good again - credit will flow like water!
Business Credit
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