Separate Personal Credit and Business Credit

Simply, if the business fails, your personal credit could go into the toilet as a personal guarantor. The solution is to build the business credit on the merits of the business itself and not on your personal credit. The access to business credit doubles when building corporate credit; separate from your personal credit.

Building business credit starts with a shelf company that’s at least four years old. Banks prefer to loan money to a company that’s four years old than four weeks old.