Have you started establishing business credit yet?
How’s your cash-flow looking right now?
That may seem like a brash question, but as an entrepreneur, we know you’re always on the lookout for the best ways to increase your cash-flow, right?
After all, money is the lifeblood of any business.
Unfortunately lack of funds is the #1 reason businesses fail.
The good news is establishing business credit doesn’t need to feel like rocket science.
There isn’t a lack of money…
There’s a lack of knowledge of how to obtain more money.
So what do you do when you’re short on cash?
The next logical solution is to look at credit, right?
Most people begin by using personal credit…
While there’s a lot you can accomplish with good personal credit – it comes with limitations.
You may have no credit or a poor personal credit score (which limits your funding options)
One may have maxed out or be running out of available credit
You have excellent credit and want to protect it
As you know, it’s not a good idea to mix personal and business finances…
The main downside is that personal credit comes with lower limits.
Establishing business credit is the better way to go because…
Lenders know that companies need access to more money than individuals so as a business you’ll always be approved for higher credit limits than your personal credit could offer. On top of that…
Your credit utilization makes up a third of your credit profile, if you’re trying to bridge a tight cash-flow situation AND fund your business – those high balances are going to weigh down your scores & further limit your options.
Establishing business credit also allows you to use more of your credit without reducing your scores.
With business credit, you can maintain a high balance for MONTHS and it won’t affect your personal credit utilization or score, pretty awesome, right?
Let’s also consider the fact that it takes most businesses 1-2 years before they’re profitable…
That’s why we should scratch personal credit off our list of funding options…
If your business is relatively new, you’ve probably been using your personal credit to fund everything. If things are going smoothly, you might be wondering why it’s necessary to establish separate credit for your business…
Establishing business credit for your company helps you avoid:
…the limited credit ceilings that come with personal credit…
…spending your precious personal credit(on business expenses) and…
…commingling business and personal funds(which can cause issues)…
And offers you an alternative to risky investments (like stocks)…
The bottom-line is…
Establishing business credit gives you a wholly separate (heavy-duty) credit profile that you can use for all your business needs so you can give your personal credit a breather & have more wiggle-room for spending.
All in all, business credit reduces your personal risk, helps you access
A LOT MORE MONEY and provides the stability you need.
What if there was a simple way to get the money your business needs while reducing your personal liability?
What if you could…
Learn how to easily obtain $50,000-100,000 in corporate credit…
Easily do the process in your free time…
Even if you just started a brand new company…
And what if you could do it without having…
A large company…
Having to wait YEARS to qualify…
Good personal credit…
The good news is – you can!
Learn More About Corporate Credit Secrets
There are MANY MORE benefits to establishing business credit.
But that’s more than we can cover today…We’ll be sharing all the juiciest benefits in tomorrow’s email. So keep your eyes open for that!
Until then, if you haven’t watched the entire Corporate Credit Workshop – be sure to catch it TONIGHT – we’ll be taking it down soon.
Your friends in finance,
Private Wealth Academy
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