The Business Finance Store Discusses the Effects of Business Credit on Personal Credit

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The Business Finance Store discusses some of the potential repercussions of business credit on a business owner’s personal credit.

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A recent study by Pepperdine University and Dun & Bradstreet Credibility Corp. showed that most small businesses tend to get funding through traditional channels, the Washington Post reported. Seventy-one percent of small business owners surveyed said they obtained money from friends and family. Sixty-two percent said they used personal credit cards, and 59 percent reported that they used business credit cards. Forty-five percent said they got bank loans, according to the survey. The credit card and bank loan options are both credit based. For those small business owners seeking financing through those methods, their business and personal credit can be very much interconnected. In the recent blog post “How Business Debt Can Affect Your Personal Credit Score,” The Business Finance Store discusses some of the potential repercussions of business credit on a business owner’s personal credit.

Many who seek business funding often believe that their business credit will be completely separate from their personal credit. However, a business owner’s personal credit could be affected by a mismanagement of business credit. Read more about how personal credit can be affected by business credit at The Business Finance Store Blog.

The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as:Business Financial Solutions, Legal Solutions, and Accounting Solutions.

The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes and put them on the path to success.

For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007, they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.

For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store website:http:// http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.

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Kelly Rye
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