We’re here to help you build a business credit profile so you can get the best borrowing power for your business development and business financing.
Business Credit; We evaluate your business development goals, so our Business Credit Advisory can help you with the best financial options for your business.
With LadyBee Connection, we shed light on your business goals at the beginning of the coaching process so our Business Credit Advisory Team can help you achieve them. You shall receive a call from us every day for the first five days and then follow up every 10-14 days for an entire year. Your advisory team will be available to provide you with lifetime assistance regarding building business credit and financing. You can contact our team with any questions or needs for service that may arise at any time.
Business Credit is Important because;
Business credit allows a company to borrow money that can be used to purchase products or services. It is based on the trust that payment will be made in the future. Access to cash and credit is a business’s lifeline. Regardless of your business’s legal structure, building credit starts with establishing your business correctly and opening bank, credit card, and vendor accounts. Paying your bills on time is critical to building and maintaining good business credit. One of the most significant advantages of having excellent business credit is the ease of qualifying for a small business loan or line of credit. Lenders are hesitant to lend money to businesses with poor credit history for fear that they won’t be able to make their payments on time or at all.
Differences between Business Credit and Personal Credit;
While your personal credit details your history of borrowing, opening credit cards, and payment and credit history, your business credit shows the same types of activities made on behalf of your business. Your business credit score, similar to a personal credit score, represents the creditworthiness of your business based on your business credit. Like a personal credit score, lenders use a business credit score to evaluate a business’s application for credit. Experian says that your personal credit score can affect getting business credit if the lender checks your personal credit as part of the approval process. If this check is performed, it registers as a hard inquiry on your personal credit report. Business lenders report business credit activity to consumer credit agencies, so this negative or positive activity can affect your personal credit score. Using business credit — such as a business credit card — helps you increase your business credit score and allows you to get future credit quickly. Purchases you make for the business on a personal credit card do not build business credit.
Business Loan; Get working capital for your business. We connect business owners with the lending they need. Get up to $250k in funds.
Business finance is also referred to as funds assisted by business owners to meet their needs. It includes starting a business, acquiring funds to finance a company and purchasing capital assets, or dealing with crunching bank notes.
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