Published: December, 2021
Most businesses will need credit sometime, whether when starting up or expanding. Understanding your options and what the business credit terms mean can make a big difference in how much you pay overall. Prepare yourself before you talk to lenders so you know what types of business credit to apply for.
Business credit is a company’s ability to buy something now and pay for it later.
Similar to personal credit, business credit determines whether your company can be trusted by the way it manages money. Think of your business credit report as a gauge for the financial reputation of your business.
According to the NSBA Small Business Access to Capital Study, 20% of small business loans are denied due to business credit. The NAV American Dream Gap Survey, 2015 revealed of small business owners surveyed, 45% did not know they have a business credit score, 72% did not know where to find information on their business credit.
Having access to business credit is the lifeline for a business. It enables you to obtain the capital you need to expand, cover day-to-day expenses, purchase inventory, hire additional staff, and allows you to conserve the cash on hand to cover your cost of doing business.
In this CPE webinar, you're going to learn how business credit works so you can reach your financial goals!
No matter what the scenario or how complicated you may think personal finance and credit is, this CPE webinar gives you the foundational training you need to become proficient with business credit.
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Co-Founder & CEO, Lunes Holdings, LLC
Hi I’m Juan. I’ve been an Entrepreneur since grade school. My background is in the tech space from Digital Marketing, E commerce, Web Development to Programming. I’ve consulted and helped digital entrepreneurs and multiple seven figure businesses reach new levels of success. I’ve learned the strategies, philosophies, methodologies, principles and core values from the most successful people in the world. I believe in continuous education with the best of a University Degree without all the downsides of burdensome costs and inefficient methods.
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Apr 25th, 2022