Foothill Ranch, CA (PRWEB) June 29, 2006
BusinessFinance.com has launched a resource that shows businesses how to establish business credit cards without using the owner’s social security number. This is one of the necessary steps every business owner must take to separate their personal credit from their business credit. The information is provided inside the Business Finance Coach.
“Businesses must have three (3) business credit cards in order to build solid business credit scores,” says Corey Pierce, Founder of BusinessFinance.com. “You can find over 500 credit cards that claim to be business credit cards, but out of those only 42 will issue a card without using your social security number. So those other 458 are credit cards with your business name on it, but they are not business credit cards.”
The most important feature of these business credit cards is that they report the business credit history to the Small Business Financial Exchange which means that the business will then have a credit report file with Equifax that is critical to a business being able to receive bank loans for working capital and other needs in the future. Without that, the business will almost always be declined for financing.
The Business Finance Coach discloses all of the information about the 42 business credit cards. It let’s the business owner see exactly what it takes to qualify for each card before they apply. It shows a business owner things like; they must be in business for 6 months or a year before they apply or that they must have a certain bank rating before they apply, etc. The Business Finance Coach let’s a business owner pre-approve themselves for each card and know they will get the card because they meet the guidelines for approval.
The Business Finance Coach also teaches business owners the 20 items every business must have in place in order to even be looked at for a business loan. The Coach also goes into detail about what it takes to obtain five (5) vendor lines of credit, how to get listed with the three (3) business credit reporting agencies, and what they must do to get their first business loan from a bank. For more information on the Business Finance Coach you can visit http://www.businessfinancecoach.com.
To complement the Business Finance Coach, http://www.BusinessFinance.com features the Internet’s largest Business Funding Directory. The directory has 4,952 sources of business capital that business owners can search for free and match their capital needs to the approval criteria of those funding sources.