Common Mistakes
These are the top mistakes most business owners make when attempting to establish and find business credit.
- Using their personal credit to finance their business.
- Using a personal guarantee.
- Applying for loans without first establishing payment history and a business credit score.
- Not incorporating their business.
- Not being in compliance with the credit bureau requirements.
- Getting red flagged by the business credit bureaus.
- Believing they can repair their business credit.
- Not realizing there are no federal laws protecting business owners from the business credit bureaus.
- Believing they already have great business credit just because they have a business credit card.
- Working with vendors who only report negative payment history.
- Thinking they cannot get business credit because they have poor personal credit.
- Spending years trying to build business credit without help.
- Ruining their personal credit score.
- Not being prepared with proper documentation when seeking financing.
- Not taking action today to establish and build business credit.
These and other mistakes can easily be avoided by signing up for our online 4 Tier Financing System today.
Click here for instant access.
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