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Business Credit
TYPES OF BUSINESS CREDIT:
* Secured - based on
assets.
* Unsecured - A/R factoring
* Business Lines of Credit -up to $200K
* Business Credit Cards - up to $100K
* Trade accounts reported to Experian Business & D&B
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Business credit is different
from personal credit. Personal credit is rated by FICA
and a National Risk score. Corporate credit is rated by
a Paydex score, which is provided by Dun & Bradstreet.
Also, business credit is rated by Experian scores called
an Intelliscore. |
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sign up for our Business Credit Services will assist you
in finding the best loan for your business by: |
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We can get
Pre-qualifying for you and your business within
one business day of us receiving your application. |
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Our loan experts will
pre-qualify your loan/lease request and find the
best loan/lease program for your business. |
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We will then package
your loan/lease request specifically for the
lender that best fits your needs. Packaging will
include all written documentation the lenders need
to fund the request. |
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You will then have
access to our loan department for the future of
your business’ life to submit any future requests. |
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You will also be
provided special offers and discounts on any
Business Credit Services’ products and services. |
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Alternatives Available if You Don't
Qualify
If lenders keep turning you down for business loans,
there are alternatives. At that point, you need to determine
what you will need the money for. By determining the use of
funds you can decide if trade credit will help. Trade credit
is financing provided by other businesses to yours. Trade
credit is the single largest business to business financing
in the world. In is also one that is the last looked at and
one of the easiest to obtain.
Trade Credit - Trade credit is referred to as
Business Credit. Businesses will lend money to you to
purchase their products if you qualify. Most businesses will
look at your business credit profile and score to determine
if you qualify.
In most instances, when a loan is needed, it is to
purchase of product or service for the business.
It is at this point that a business could obtain the
product or service on credit if their business had a
proper Business Credit Profile and Score. Businesses turn to
various credit bureaus to find the profile and score.
Before you apply for business credit you should be
certain you have a credit profile and score set up. This
will increase your chances for approval.
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Start
Now |
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