Why Business Credit Is A MUST For Every Business Owner!?

Title:Why Business Credit Is A MUST For Every BusinessOwner!?Word Count:531Summary:Entrepreneurs typically make one or morefinancially devastating mistakes when financingthe launch, operation and/or growth of theirbusinesses. In most cases, they do not realizethat they are making a mistake.

Keywords:business credit, corporate credit, unsecuredbusiness line of credit, business line of credit,start up capitalArticle Body:As an entrepreneur, you are hardwired to enjoy agreater level of risk than the average person. Butdo you enjoy the thrill of business and investingso much that you are willing to risk:-Being hounded by creditors?-Declaring bankruptcy?-Being denied a mortgage?-Paying more than your fair share of interest onyour loans?-Losing your house?If you answered 搉 o?to one or more of these

questions, this may be the most important reportyou have read in a long time.Because, if you are like most entrepreneurs,investors, and business owners I have met over thepast 28 years, you are in danger of facing all ofthese horrific problems.And it all because of your business.You see, entrepreneurs typically make one or morefinancially devastating mistakes when financingthe launch, operation and/or growth of theirbusinesses. In most cases, they do not realizethat they are making a mistake.And to tell the truth, even when they do realizethey are making a mistake ?they lull themselvesinto thinking that the consequences will be aminor annoyance.Until, one day, they can qualify for a mortgage.

Or they can get the to-die-for financing offeredon the new car they are buying. Or they havehounded by creditors and eventually have todeclare bankruptcy.And it is all because they use their personalfinances to fund the launch or expansion of theirbusiness. They then use personal credit cards topay for business expenses. If you are in businessor thinking about starting a business, businesscredit is a must.Let me explain, most business owner have no ideathat they can establish business credit and evenfewer know how to how to establish business credit.If owners would take the time necessary to educatethemselves about establishing credit they wouldno longer have to use their personal funds forstart up capital or working capital.They would also be able to use business creditcards which do not report to their personal credit

reports, therefore, not lowering the personalcredit scores.The most important goal of business credit thoughis to obtain unsecured business lines of credit,which can be done once the business credit profileis set up properly. Once a business obtainsunsecured business lines of credit, they thenhave the working capital they need to start abusiness or expand their business. The businessowner has check book control to use the businesslines of credit as they wish. And best of all, thebusiness lines of credit do not report to thebusiness owner personal credit report.If you have set up your business profile correctlythere are a number of banks that will lend to brandnew start up business. That is right, brand newstart up business with no track record whatsoever.The banks will extend unsecured business lines ofcredit so they can have the start up capital theyneed to finance the business of their dreams.