Business Credit, sometimes referred to as Trade Credit, is credit that is established under a
business’s name. Business credit permits a business owner to use their business credit profile
and score for financing not their personal credit score and profile. One of the reasons business
credit is so appealing is that business owners can commonly qualify with no personal-guarantee (PG).
This means business owners can access cash for their businesses without the personal liability.
Another reason business credit is a great resource for business owners is that there is no personal
credit check with many sources. So, even business owners with challenged credit can be approved
for thousands of dollars of credit for their businesses. To qualify for most business credit sources
the business must have a positive credit score established with the appropriate business credit reporting agencies.
The two most commonly used business credit scores are the Paydex score from Dun and Brad Street and the
Intelliscore from Experian. Once a positive business credit score is established, many merchants will then
approve the business owner for credit in the business’s name. Thousands of major merchants offer business credit.
But most don’t promote their business credit programs, so they are difficult to locate. Some merchants offering
business credit include Chevron, Dell, Staples, and Lowes. Once business credit is established and paid-as agreed
the business credit scores will continue to increase. As more positive credit history is established and scores increase,
business owners can then be approved for even more credit with higher credit limits. Business credit is an outstanding
resource for businesses. Owners can obtain credit to run and expand their businesses without the personal liability
of using a personal guarantee.
About the Author
Rick Sax, Inc. is currently the manager of the Credit Repair Law Firm Chartered
and specializes in helping business owners establish excellent business credit
scores and then leverage those scores to access cash and credit for their businesses.
Rick Sax, Inc. is also one of the masterminds' behind the release of the exclusive Business Funding Suite.
The Business Credit and Funding Suite is the
leading business cash and credit access system in
the world today.
For more information on business credit scoring,
business credit, contact or visit
Rick Sax, Inc. 954-241-0234