Over 50% of small businesses fail in the first year and 95% fail within the first five years.
Atlanta, GA (PRWEB) June 17, 2006
BizCreditZone.Com announced today to provide free information on business credit via their website blog. The blog is available 24/7 at http://www.bizcreditzone.com and free to the public. The purpose of the business credit blog is to provide small business owners with informational resources to build and establish business credit.
According to the Small Business Administration, “Over 50% of small businesses fail in the first year and 95% fail within the first five years.” In addition, the SBA sites that many of these businesses have business owners who used their own personal credit to start the businesses.
“It is so important for business owners to learn the value of developing a separate business credit profile from their personal credit,” stated Kyle Ransom, Administrator of BizCreditZone.com.
Ransom went on to note that small businesses would have a better opportunity to compete with big businesses if they had access to capital equally. He also noted that most of the small business owners that he speaks to would prefer using business credit if they knew how.
There are many benefits of establishing business credit:
1. Get business loans for expansion or working capital
2. Establish business credit profile separate from personal credit
3. Build stronger banking relations for business
To find out how you can use the information provided by the business credit blog go to http://www.bizcreditzone.com.
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