The potential benefits of business credit far outweigh the efforts and investment in building corporate credit. Chances are that your competitors are building corporate credit. Large tech-based lenders have a strong interest in lending to businesses that have good business credit.
- Better chance of small business loan approvals
- Higher loan amounts
- Access to business credit without a personal guarantee
- Lower rates on loans, credit cards, and insurance
- Business credit can be used with Landlords to lease property, office space
- Smaller deposit requirements on leases and new utilities
- Stronger relationships with suppliers, providers and merchants
- Stronger industry reputation and image (Branding)
- A valuable asset if you ever decide to sell your business
BB Bookworks Inc accepts a limited number of clients each year into its Advanced Business Credit Builder. Clients received expert assistance and coaching into building the right business credit profile for new growth.