Key steps to position your business to get the long-term credit and loans it needs [Column] – Daily Local
Whether you are an entrepreneur at the helm of a startup or a seasoned small business owner looking to expand, the importance of good business credit cannot be understated.
From equipment finance to real estate loans and credit lines for operating expenses, at some point your business will most likely need to borrow money from a business lender.
Here are some key steps you should take to establish or strengthen your business’s credit.
Have a Plan
Every entrepreneur and small business owner has probably heard this many times over, but it still rings true. Having a solid plan for your business is a key step for future success.
Planning your strategy to build credit should be no different.
Speak with your accountant and banker about options available to you to start building your credit now, so you have borrowing power and leverage later when you are ready to move your business to its next stage.
Open and Use a Business Credit…
