{"id":135,"date":"2016-07-23T16:39:58","date_gmt":"2016-07-23T16:39:58","guid":{"rendered":"http:\/\/corpcredit.net\/corporate-credit\/?p=135"},"modified":"2016-09-13T21:30:48","modified_gmt":"2016-09-13T21:30:48","slug":"importance-business-credit","status":"publish","type":"post","link":"https:\/\/corpcredit.net\/corporate-credit\/importance-business-credit\/","title":{"rendered":"Understanding the Importance of Business Credit"},"content":{"rendered":"<div>\n<img fetchpriority=\"high\" decoding=\"async\" class=\"alignright wp-image-124 size-medium\" title=\"Earn Credit for Your Business\" src=\"https:\/\/corpcredit.net\/corporate-credit\/wp-content\/uploads\/2016\/05\/credit-card-1080074_960_7201-300x225.jpg\" alt=\"Earn Credit for your Business\" width=\"300\" height=\"225\" style=\"float:left; margin-right:20px;\" srcset=\"https:\/\/corpcredit.net\/corporate-credit\/wp-content\/uploads\/2016\/05\/credit-card-1080074_960_7201-300x225.jpg 300w, https:\/\/corpcredit.net\/corporate-credit\/wp-content\/uploads\/2016\/05\/credit-card-1080074_960_7201-768x576.jpg 768w, https:\/\/corpcredit.net\/corporate-credit\/wp-content\/uploads\/2016\/05\/credit-card-1080074_960_7201.jpg 960w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<h1><strong>A Valuable Asset for Your Business<\/strong><\/h1>\n<h3><em>Here\u2019s what thousands of small business owners are learning about business credit:<\/em><\/h3>\n<p>Business credit isn\u2019t just the latest buzzword in financing; it\u2019s actually one of the most <em><u>valuable assets for business owners<\/u><\/em>. Regardless of the age or size of your business, establishing and managing a separate business credit file is vitally important for the long term success of your company.\n<\/div>\n<p><!--more--><\/p>\n<blockquote><p>Millions of small business owners either don\u2019t know their company has a credit score or have never seen their credit report. Many businesses have fatal flaws in their credit file keeping them from the financing they need. Don\u2019t leave your financial future to chance; business owners that understand their credit reports are 41% more likely to get approved for financing.<\/p><\/blockquote>\n<h2><strong>What Does It Do<\/strong><\/h2>\n<p>According to the <a href=\"https:\/\/www.sba.gov\/managing-business\/running-business\/managing-business-finances-accounting\/managing-your-business-credit\">SBA<\/a>, when business owners properly manage their business credit it helps their enterprise in a variety of ways.\u00a0A robust credit profile\u00a0helps businesses:<\/p>\n<ul>\n<li>Secure Financing at Better Terms<\/li>\n<li>Get Needed Supplies at Affordable Terms<\/li>\n<li>Establish Professional Relationships<\/li>\n<li>Grow and Thrive<\/li>\n<\/ul>\n<h2><strong>Where Does It Come From<\/strong><\/h2>\n<p>If you\u2019re like many business owners, you may not be aware that your business has its own credit score and history. Business credit, much like personal credit, is based on a number of variables like payment history, time in business, debt ratios, and more.<\/p>\n<h2><strong>How to Manage Business Credit<\/strong><\/h2>\n<p>The first step in managing your business credit is to determine whether or not you have an existing credit file. Many business owners have no separate credit history developed for their company despite being in business for years.<\/p>\n<p>Sound business practices like keeping debt ratios low and paying bills and vendors on time will help you build a strong credit file for your business.<\/p>\n<p><a href=\"https:\/\/corpcredit.net\/corporate-credit\/wp-content\/uploads\/2016\/05\/dollar-544956_960_7201.jpg\"><img decoding=\"async\" class=\"alignleft wp-image-125 size-medium\" style=\"margin-top: 10px; margin-right: 10px; margin-bottom: 10px;\" title=\"Build Business Credit\" src=\"https:\/\/corpcredit.net\/corporate-credit\/wp-content\/uploads\/2016\/05\/dollar-544956_960_7201-300x212.jpg\" alt=\"Build Business Credit\" width=\"300\" height=\"212\" srcset=\"https:\/\/corpcredit.net\/corporate-credit\/wp-content\/uploads\/2016\/05\/dollar-544956_960_7201-300x212.jpg 300w, https:\/\/corpcredit.net\/corporate-credit\/wp-content\/uploads\/2016\/05\/dollar-544956_960_7201-768x542.jpg 768w, https:\/\/corpcredit.net\/corporate-credit\/wp-content\/uploads\/2016\/05\/dollar-544956_960_7201.jpg 960w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<h2><strong>Learn What\u2019s in Your Credit File Today<\/strong><\/h2>\n<p>Don\u2019t play games with your business, set it up for real success. Understanding your business credit file is an important first step. Whether you\u2019ve been in business for decades or you\u2019re a brand new start-up, you can benefit from understanding and developing a separate credit profile for your business.<\/p>\n<p>We can help. In fact, we&#8217;ve helped over 33,000 businesses just like yours understand and develop their business credit so it works for them; helping them acquire financing, manage cash flow, take advantage of growth opportunities, and so much more.<\/p>\n<h3><strong>Let&#8217;s Work Together. <\/strong><\/h3>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Valuable Asset for Your Business Here\u2019s what thousands of small business owners are learning about business credit: Business credit isn\u2019t just the latest buzzword in financing; it\u2019s actually one of the most valuable assets for business owners. Regardless of the age or size of your business, establishing and managing a separate business credit file [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-135","post","type-post","status-publish","format-standard","hentry","category-mikes-blog"],"_links":{"self":[{"href":"https:\/\/corpcredit.net\/corporate-credit\/wp-json\/wp\/v2\/posts\/135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corpcredit.net\/corporate-credit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpcredit.net\/corporate-credit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpcredit.net\/corporate-credit\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/corpcredit.net\/corporate-credit\/wp-json\/wp\/v2\/comments?post=135"}],"version-history":[{"count":0,"href":"https:\/\/corpcredit.net\/corporate-credit\/wp-json\/wp\/v2\/posts\/135\/revisions"}],"wp:attachment":[{"href":"https:\/\/corpcredit.net\/corporate-credit\/wp-json\/wp\/v2\/media?parent=135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpcredit.net\/corporate-credit\/wp-json\/wp\/v2\/categories?post=135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpcredit.net\/corporate-credit\/wp-json\/wp\/v2\/tags?post=135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}