Why Business Credit Is a MUST For Every Business Owner

Business Credit is it necessary? Yes, it is. As an entrepreneur, you’re hardwired to enjoy a greater level of risk than the average person. But do you enjoy the thrill of business and investing so much that you’re willing to risk:

-Being hounded by creditors?

-Declaring bankruptcy?

-Being denied a mortgage?

-Paying more than your fair share of interest on your loans?

-Losing your house?

If you answered “no” to one or more of these questions, this may be the most important report you’ve read in a long time.

Because, if you’re like most entrepreneurs, investors, and business owners, you’re in danger of facing these horrific problems.

And it’s all because of your business.

You see, entrepreneurs typically make one or more financially devastating mistakes when financing the launch, operation and/or growth of their businesses. In most cases, they don’t realize that they’re making a mistake.

And to tell the truth, even when they do realize they’re making a mistake … they lull themselves into thinking that the consequences will be a minor annoyance.

Until, one day, they can’t qualify for a mortgage. Or they can’t get the to-die-for financing offered on the new car they’re buying. Or they’re hounded by creditors and eventually must declare bankruptcy.

And it is all because they use their personal finances to fund the launch or expansion of their business. They then use personal credit cards to pay for business expenses. If you are in business or thinking about starting a business, then this is a must.

Let me explain, most business owners have no idea that they can establish this type of credit and even fewer know how. If owners would take the time necessary to educate themselves about establishing credit they would no longer have to use their personal funds for startup capital or working capital.

They would also be able to use their businesses credit cards which don’t report to their personal credit reports, therefore, not lowering the personal credit scores.

Try to Obtain a Business Line of Credit

The most important goal is to obtain unsecured business lines of credit, which can be done once the credit profile is set up properly. Once a business obtains unsecured business lines of credit, they then have the working capital they need to start a business or expand their business. The business owner has checkbook control to use the business lines of credit as they wish. And best of all, the business lines of credit don’t report to the business owner’s personal credit report.

If you have set up your business profile correctly there are many funding companies that will lend to brand new start-up business. That is right, brand new start-up business with no track record whatsoever. The funder’s will extend unsecured business lines of credit, so they can have the startup capital they need to finance the business of their dreams.

Make no mistake about it; this is a MUST for every business owner. Don’t put your personal assets at risk to finance or fund your business!

Contact Mount Beacon Consulting Today for a Complimentary Business Funding Consultation with one of our experienced Commercial Finance Consultants