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An Economical Retirement Investment Plan
You have permission to publish this article either electronically or in print, free of charge, as long as the author bylines are included. A courtesy copy of your publication would be appreciated. Please email to ...
An Open Letter From a So-Called Stupid
Why Identity Theft makes us all dummies, and what you can do to stop being stupid... Someone recently told me, "You would have to be a stupid to lose your personal information." While I respectfully responded to this person in the moment, the...
Lokmangal Biofertilizers
After the introduction of chemical fertilizers in the last century, farmers were happy of getting increased yield in agriculture in the beginning. But slowly chemical fertilizers started displaying their ill-effects such as leaching out, and...
Why Ebay Is The Best Place To Make Your First $1000 Online
I’d like to begin with a question – and I’ll bet the answer is going to surprise you (it sure did surprise me!). Q. What percentage of the worlds population do you think is online? A. Under 1%! Just think about that for a second – 99% of...
Your Time of Blazing Noon
War. Economic concerns. Poor business. Unemployment. It sure looks bad, doesn't it? But I also want to remind you that we have lived, survived and prospered though far worse times. For example: In 1780 George Washington said, "We are without...
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How to Build Business Credit Despite Your Personal Credit
Business credit is more of a science than an art. The first rule for this science is that it is not the same as personal credit.
Many would-be and aspiring business owners are not aware that establishing credit for a business is just as important as establishing personal credit. They also do not realize that a business can have a credit score separate from their personal credit score.
There is a world out there designed specifically for the business entity with a whole set of different rules.
Many entrepreneurs start out accumulating excessive personal debt to finance a business. Within a few months or even years, they find that the business is a monster and needs more food, also known as financing.
With credit cards maxxed to the limit, business owners find themselves in a crunch and searching for ways to raise capital. This is difficult to do when the time is not taken to establish business credit first. Business credit is a crucial first step and foundation to build upon.
First, a business is not real. It really doesn't exist until legal steps and processes are completed to say that it does exist. PEOPLE create businesses that have not been tested, employed or ever earned a paycheck. So, when you start a business and begin looking for financing, the bank WILL ALWAYS look at your credit because they can touch you (and your job, and your car, and your house...). You have a history. Your business does not.
They will pull YOUR credit report. Not the business. And do you know why? Because you have not
established a business credit profile separate from your personal credit profile.
Can this be done? How does a business establish a credit profile separate from your personal credit profile? There is a credit system that will help you:
1. Lease vehicles like Lexus or Lamborghini, with added tax benefits. 2. Get a business line of credit or Small Business Loan or Business Credit Card for expanded Advertising, Inventory and other expansions your competitors can't get. 3. Invest in large projects like Commercial Property or Land or Construction that your personal credit isn't enough to guarantee. 4. Protect your personal assets from that of the business by not having to sign, no personal guarantee. 5. Start over with a new credit file if you need to, instead of just being stuck with your personal credit report Start new businesses you always wanted to start with Business Loans.
6. Separate your personal credit from your new shiny business credit profile
7. Get a new credit report for every business you start. Establish business credit that's good even if you have poor personal credit (it's true!)
Anyone who wants to establish a REAL BUSINESS, with CREDIBILITY that's bankable ought to establish business credit.
About the Author
Karen L. Hardy, MSBA is a certified Business Finance Consultant, real estate investor and motivational speaker. To establish credit for your business, go to http://www.destinycapitalfunding.com/business_credit_builder_program.htm
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Finance - Leases-Leasing Ezine Articles |
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By David Springer | On January 29, 2006 | In Leases-Leasing | Rated. Short on cash, but need equipment? Consider leasing what you need. ... |
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Projector Leases, Leasing Companies for LCD, DLP, LCOS projectors |
Projector leasing programs and services. Choose a company. |
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John Dellagnese & Associates: offices, officespace, lease, leases ... |
It takes two companies to bring you the premier Corporate Property Development group in Northeast Ohio: the talents of John Dellagnese and Associates ... |
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John Dellagnese & Associates: offices, officespace, lease, leases ... |
Welcome to our Tenant Login Page. * Forgot your password or haven't received one yet? Email us tinah@dellagnese.com or call 330-668-4000 and we will reply ... |
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OmegaMotors.com - Your Money - Leases - Leasing Overview |
Blue Book retail & trade-in value reports on used vehicles. Kelley features prices on used cars, trucks, street and dirt bikes, ATVs, scooters, ... |
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Entertainment Guide - Leases-Leasing |
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vehicle leases leasing guide and facts. Under the federal Consumer Leasing Act, you, the consumer, have a right to information about the costs and terms of ... |
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