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In this presentation, I share with you the step to build your business credit profile. Please feel free to browse complete presentation for more.
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Steps to build your business credit profile When it comes to growing your business, co- mingling personal and business credit is risky. If the business goes bust, your personal credit score will suffer.
Get your numbers One of the first things you should do after establishing your company as a corporation, partnership or even a sole proprietorship, is to ensure that your firm and its Employer Identification Number are listed with Dun & Bradstreet.
Open utility accounts When you can prove that you've paid a wide variety of creditors on time
Build supplier credit Apply for credit terms with suppliers, which may be easier to get than lines of credit or bank loans, Dunn says.
Borrow from the bank -- responsibly While many business owners think that a small-business credit card is a good way to begin building business credit..
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