Minding My Finances: Business Credit

Funding your business out of pocket is so ghetto😬



Just like you must build a personal credit profile and history when you are 18 and fresh out of high school, the same rules apply when building business credit.

Credit grantors or vendors will grant credit to your Business based upon the Business's payment history and creditworthiness. Once your Business's credit profile is formalized correctly, then and only then can you start to see the proper results. Of course the more established the Business, the more credit options you have. However, if you are starting your Business today you can still build insurmountable lines of credit in a short time.