5 Reasons Why Your Business Needs to Build A Business Credit Asset!
By Scott Letourneau, CEO of Fast Business Credit, Inc. & Nevada Corporate Planners, Inc.
Our Business Credit Development Coaching System™ has been developed to help business owners establish and grow a business credit in order to secure new funding opportunities for your business.
#1 Access to funding and managing cash flow is the single biggest concern for business owners. By establishing and building a Business Credit Asset™, businesses can access new funding sources to ensure positive cash flow.
#2 Secure new financing options. A strong business credit file can be the difference between receiving funds or not. Approval for most small business loan decisions under $90,000 happens automatically, often relying on one thing – your business credit file and score.
#3 Get the best credit terms. Your business credit score will likely result in better credit card and loan interest rates. For businesses with weak credit scores, banks and lending institutions may increase loan interest rates from 7% to 12% and credit card interest rates from 8% to 18%.
#4 Reduce your expenses. Building a business Credit Asset can improve cash flow by reducing:
• Financing Costs
• Insurance Premiums
• Rental Terms
• Credit Card Rates
• Vendor and Supplier Terms
#5 Peace of mind. Protect your personal assets and reduce your personal liability by creating a separate corporate entity and business credit. Establishing your business credit asset only strengthens this liability protection.
About the Author: Scott Letourneau is the CEO of Fast Business Credit, Inc. & Nevada Corporate Planners, Inc. Over the past 14 years NCP has assisted more than 5,500 business owners form LLCs and corporations to get their business off to a fast start to profits™! Since 2003 FBC has helped business owners secure cash and vendor lines of credit and avoiding costly mistakes. For further assistance regarding the development of business credit for your business call Fast Business Credit, Inc. at 1-888-313-6333.