Today, the stock market plunged and may continue to do so with the heavy debt loads in Europe and other countries around the world. There may be another 1,000 bank failures in the U.S. over the next couple of years. Let’s be honest, it is only going to become more difficult to secure credit for your small business.
This is the ideal time (before it is too late) to really develop a business credit profile with your business. Hopefully, you have formed a separate legal entity and are not operating as a sole proprietorship. If you want to be in a position to secure credit, properly building your business credit over the next 4-6 months may be key to your small business survival.
About The Author: Scott Letourneau is the CEO of Fast Business Credit, Inc. When it comes to securing cash and vendor lines of credit and avoiding costly mistakes his company is the authority. For further assistance regarding the development of business credit go to http://www.FastBusinessCredit.com or call FBC at 1-888-313-6333 or 702-977-5246.