Business Credit- How to Get it?
A lot of people that I talk to ask me, " Who will give my business credit ?". Having business credit will help you to purchase the tools, equipment, and supplies that you may need to help you to grow your business. But, in order to get business credit, your business needs to Be Separate from you. Also, the business needs to have a proven track record of purchasing items on credit and repaying them ON TIME and/or IN FULL each month. In other words, Have its own Credit Score. As you know, a Credit Score is given to people/businesses and is attached to the NAME and TAX ID of the person/business for all to review and decide whether or not more CREDIT can be issued. First Step If you want to establish business credit and have established your business as a sole proprietor, the FIRST STEP you need to take is to Separate You from Your Business. You can do this by forming a separate legal entity such as a...