build business credit

The main credit score used in the business world is known as PAYDEX. It comes from Dun and Bradstreet.

A business entity is a commercial, corporate and/or other institution that is formed and administered as per commercial law in order to engage in business activities, usually for the sale of a product or a service. Basically, an entity is what allows you the ability by law to conduct business.

The date you open your business bank account is a crucial one in the life of your corporation. The account opening date is the business’s opening date, far as lenders are concerned. A longer history is better.

There are a few different options when it comes to getting financing for your equipment. If you want an SBA loan, the 7a program will work. National Funding is an option when it comes to non-traditional lenders. For automobiles, a trac lease could be an option. 

Find out how the Business Credit Builder can help you build business credit and avoid these 3 major credit blunders.

Fixing damaged business credit should be a top priority for you, the business owner. Business credit repair is a great way how to improve credit score for your company.