Both lines of credit and borrowing money on your credit cards can be effective ways to finance small business operations. Both are revolving, and charge interest only on outstanding balances. And both have predetermined borrowing limits. However, there are big differences in terms of cost, convenience, and risk.
The major difference is that credit lines usually [...]
Category : Advertising & Blog & Business & Business Cards & Business Credit & SEO & Websites
Building good business credit is the key to financial health. Without it, you’ll have a hard time opening a trade account at a supplier like Office Depot or receiving a business credit card or traditional bank loan. But all that changes once you’ve established a solid credit rating. Get started now.
STEP 1: GET YOUR PERSONAL [...]
Category : Blog & Business & Business Credit
Why is business credit so important? It’s the main way companies evaluate whether they want to do business with you – and on what terms. Companies rely on your creditworthiness to make critical decisions, including whether:
to sell to you
to lend you money
to lease the equipment you need to grow your business
to help you carry more inventory
to [...]
Category : Blog & Business & Business Cards & Business Credit
