Interested in Business Credit, Let’s Begin

Business credit is credit extended between businesses. Normally business credit is extended for the purpose of acquiring equipment, product or services that will be resold or used to generate a profit. 

Just like you must build a personal credit profile and history when you are 18 and fresh out of high school, the same rules apply when building business credit. Credit granters or vendors will grant credit to your Business based upon the Business’s payment history and creditworthiness. Once your Business’s credit profile is formalized correctly, then and only then can you start to see the proper results. Of course the more established the Business, the more credit options you have. However, if you are starting your Business today you can still build insurmountable lines of credit in a short time.