Don’t use your personal credit to launch your business. Instead, build and develop business credit.
Access cheaper credit. Interest rates are lower.
Access credit by developing a good credit profile.
In case of business failure, you don’t lose the house, the car, and retirement savings.
Expand and grow.
Access financing when times are tough.
Open doors to additional credit sources by paying off the business’ credit obligations.
According to the Bureau of Labor and Statistics, more than half of businesses will fail in 5 years or less. In addition, 82% of business failures are due to issues with cash flow, 90% of business owners agree that loans are not easily available.