With the latest technology, small business owners can now properly establish business credit profiles with Experian Smart Business Reports, Equifax Small Business Financial Exchange, and Dun & Bradstreet
Las Vegas, NV (PRWEB) September 23, 2010
Separating business credit from personal credit is vital for small business owners. Many business owners have made the mistake of using personal credit to fund their business ventures. Using personal funds may work for the short term, but what about those who are in business for the long run? Personal finances can take a business only so far. For example, a personal credit card usually has the maximum limit of $25,000; whereas, a business credit card has a maximum limit of $75,000. Running a business requires access to large amounts of credit. To take this concept a step further, carrying large balances on personal credit can substantially lower your credit scores; whereas, carrying large balances on your business credit will not lower your business credit scores. This is just one advantage of why it is important to establish business credit.
“Over the past few years we have been asked by clients to develop a program to show small business owners how to properly develop business credit. In response, Wise Man Finance now offers a state-of-the-art program allowing business owners to build solid business credit” explained Joseph Ferriolo, CEO of WMF. “With the latest technology, small business owners can now properly establish business credit profiles with Experian Smart Business Reports, Equifax Small Business Financial Exchange, and Dun & Bradstreet.”
Business Credit Programs
Clients have the option of two credit building programs offered by Wise Man Finance. The first program is a do-it-yourself program. The client is provided with online access to building their business credit at their own pace. They also receive email support if they need help along the way. The second program is the business credit coach. The client is assigned a business credit coach as well as online access. The business credit coach will walk the client through the entire process of building solid business credit.
What Can Business Owners Expect to Learn?
Business Credit Reporting Agencies: What does it takes to build business credit with the three major business credit reporting agencies; Experian, Equifax and Dun & Bradstreet? WMF shows how to establish a new file or make sure a business file is reported accurately. A small business owner will have how-to instructions for getting set up "the right way" with each Business Credit Reporting Agency. The information is clearly spelled out and the methods have been tested and proven by thousands of clients.
Vendor Credit: A vendor line of credit is when a company (vendor) extends a line of credit to a business on "Net 30, 60 or 90" day terms. This means that a business owner can purchase their products or services up to a maximum dollar amount and will have 30, 60 or 90 days to pay the bill in full. Businesses should make sure their vendors report to the three major business credit agencies.
Revolving Business Credit: By definition this business credit allows a business to use, pay off, and reuse the credit line. In order to properly build business credit this is a necessity. The program will show business owners the best banks to apply with and the banking requirements.
Small Business Loans: This is probably the most widely asked question among small business owners. Local banks are turning away new businesses and even tenured business when requesting a small business loan. Find out which banks are still lending to small businesses in today’s market.
About Wise Man Finance Business Credit
Wise Man Finance is a business financing and consulting company. WMF has been helping small to medium sized businesses receive financing in a tough economic climate. WMF has helped thousands of business owners start and grow their business credit. WMF is known for getting business owners money and giving their clients the education on how to properly use the business credit. To learn more, visit
Building Business Credit.
Wise Man Finance
Building Business Credit