What Is Business Credit?
Business credit includes a variety of data points about your business, such as the date it started, the skills and experience of your top leaders, number of employees and annual sales. This type of information is listed in your business credit profile, along with scores and ratings that are derived from your business’s past behavior to predict its future behavior. For example, your ability and willingness to pay your bills on time in the past is factored into your ability and likelihood of paying your bills in the future.
As you work to understand your startup costs and expenses, you’ll also want to make sure your credit is in good stead. Poor credit history is one of the main reasons why loan applications for small businesses are often declined. Poor credit history can also impact insurance rates and the attractiveness of your business to potential partners, suppliers, and vendors.
That’s why cultivating and maintaining good credit scores — for both your personal and business lines of credit — is so important.
Your business credit record is the primary way that companies evaluate whether to do business with you – and on what terms. Companies rely on your business creditworthiness to make critical decisions, including whether:
- You are viable as a partner
- To increase your line of credit
- To give you favorable financing rates and terms
- To help you carry more inventory at competitive prices
- To lease the equipment you need to grow your business
- You stack up favorably against other companies competing in your market space
It’s not just about getting access to financing; business credit has increasingly become the primary vehicle for setting terms on business loans, determining insurance premiums, even setting lease payments. Good business credit can earn you lower rates, strengthening your cash flow.
Why Choose Us:
- Expertise That Matters: Our seasoned financial experts bring years of experience to the table, offering tailored solutions designed to meet your unique business requirements.
- Tailored Strategies, Lasting Impact: We craft personalized, results-driven strategies that empower your business. Our focus is on delivering tangible, lasting results that drive your business forward.
- Your Success, Our Priorityb Your business success is at the heart of what we do. We are dedicated to helping you achieve your financial goals, one strategic move at a time.
Ready to transform your business’s financial landscape? Let’s get started. Contact us today and unlock the full potential of your business credit.
Your Financial Future Starts Here.
Good Credit Is The Lifeline Of Your Business
It enables you to obtain funding for things like expansion, capital expenditures, research and development, and staffing. It is the principal contributing factor to your business’s future growth, not to mention the cash necessary for survival. Good business credit also allows you to keep the cash you have to cover your cost of doing business; such liquidity lets you respond quickly to time-sensitive requirements, without halting or compromising operations.
If you aren’t in need of funding or aren’t using credit right now, it is a good idea to establish your business credit in preparation for a day when you may need to apply for external lending. Then, once you’ve established your business credit file, be sure to work on building your business credit in order to demonstrate your business is capable of responsibly sustaining credit accounts when the time comes.
Establishing business credit is a pretty straightforward process of following steps to create a business profile with federal and state agencies where you plan to do business, and with the business credit bureaus, such as Dun & Bradstreet, in order to prove your business entity exists. Accomplishing these tasks early on, when starting your business, will help you to be in a better position if and when you find yourself needing to request external funding, applying for business insurance, bidding on certain contracts, or establishing relationships with vendors and suppliers.
Price for this service varies, please contact us for a consultation.
Corporate Credit Repair Services
ANOTHER BENEFIT TO OFFER TO YOUR EMPLOYEES!
Employee Retention
With Corporate Credit Repair Services, your organization can assist and offer benefits and access opportunities to help their workforce restore their good credit through the credit repair process by True Credit Repair. Maintaining the key employees in your company is an asset and investment that is a great benefit for your team!
By improving your employees’ financial stability with our corporate credit repair services, they will then be able to:
- Reach their goals
- Perform better
- Be more efficient
- Have ongoing motivation
- Be more focused at work
- Have less stress
- Want promotion opportunities
- Improve their credit behaviors
- Identify credit errors on their reports
Employee Credit Education
The following are the benefits to providing your employees with credit education:
- Improving their credit score
- Qualify for the best financial programs
- Have lower interest rates
- Refinance their home
- Obtain new loans and services
- Have a better work position
- Access to company promotions
- Plan for the future
Contact Us For More Information.
Helping Your Employees Be Better Borrowers
True Credit Repair will not only work on correcting information on their credit report but we will have the greatest intentions to make your employees better borrowers. This in return will help them manage their own credit without having the risk of getting back poor credit.
True Credit Repair was the best thing that has happened to my credit report. I had the opportunity to work with this firm and it was a blessing in disguise. My scores improved dramatically.
This company does a phenomenal job with financial advice and credit repair! I was able to start establishing my business credit. We just received our first business credit card and approval for our line of credit. You guys really know your stuff! Thank You
Awesome staff and great results!!! True Credit Repair delivered as promised. Highly recommend
Una empresa increíble con resultados increíbles! Muy profesional y obtiene resultados en el momento oportuno! Definitivamente lo recomendaría!!!
True Credit Repair is by far the best! I recommend it to anyone that need to get their credit fixed.
Have any Questions? Call us Today!
(888) 407-7747
Enable Your Business To Grow
We provide you the greatest access to real useable, no-personal-guarantee credit through our revolutionary Building Business program. This gives you the money you need to run your business, expand, and to make your company more profitable and productive so that you have the money your business needs.
Establishing and managing business credit can help your company secure financing when you need it and with better terms. It can also help you negotiate supply agreements and protect against business identity theft.
One of the first steps you’ll want to take is to register for a Dun & Bradstreet number, or DUNS number. A DUNS number is a unique nine-digit identification number for each physical location of your business. Dun & Bradstreet also offers guidance on how to build business credit.
It’s critical that you keep on top of your profile and credit score to help ensure you keep your reputation solid as you forge the relationships and partnerships that will enable your business to grow profitably.
What Are You Waiting For?
Let's Get Started With Improving Your Credit Score. Schedule a Consultation Today!
Disclaimer: When negative information in your credit report is accurate only the passage of time can assure it is removed. According to the Federal Trade Commission a credit reporting company can report most accurate negative information for seven years and bankruptcy information for ten years.