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The Elite Business Credit Builder Guide Bundle

Whether you’re running a small business or a Fortune 500 company, every businessperson comes across the term “business credit.” However, if you have your first business you may find yourself wondering what that term actually means. Business credit, as the name implies, works similarly to personal credit but is only available to businesses. This credit gives businesses the ability to buy things now and pay later just as you would with a personal line of credit. There are eligibility requirements to get business credit just as there are with personal credit.  The lenders who issue business credit depend on a company’s foundation and revenue to determine how much credit or what limits a business will be approved for.

Business credit is beneficial for every business owner as it allows them the opportunity to purchase business essentials or scale their companies without paying immediately. You must have a certain number of tradelines established and be making payments routinely. These are called “payment experiences”. Payment experiences will determine what types of accounts you can qualify for.  Before you proceed with opening any business credit accounts, you will need to have your business properly structured and established. This will help you establish a strong foundation and increase your ability to qualify for business credit. Once you have established your business you will begin working through the tier system to build a strong profile. 

This guide walks readers through the entire process of building business credit, contains a Tier 1, 2, and 3 Vendor List, and Business Credit Trackers to keep it all organized. It is recommended that this bundle be used along with the Elite Business Start Up Course. 

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    Product Description

    Whether you’re running a small business or a Fortune 500 company, every businessperson comes across the term “business credit.” However, if you have your first business you may find yourself wondering what that term actually means. Business credit, as the name implies, works similarly to personal credit but is only available to businesses. This credit gives businesses the ability to buy things now and pay later just as you would with a personal line of credit. There are eligibility requirements to get business credit just as there are with personal credit.  The lenders who issue business credit depend on a company’s foundation and revenue to determine how much credit or what limits a business will be approved for.

    Business credit is beneficial for every business owner as it allows them the opportunity to purchase business essentials or scale their companies without paying immediately. You must have a certain number of tradelines established and be making payments routinely. These are called “payment experiences”. Payment experiences will determine what types of accounts you can qualify for.  Before you proceed with opening any business credit accounts, you will need to have your business properly structured and established. This will help you establish a strong foundation and increase your ability to qualify for business credit. Once you have established your business you will begin working through the tier system to build a strong profile. 

    This guide walks readers through the entire process of building business credit, contains a Tier 1, 2, and 3 Vendor List, and Business Credit Trackers to keep it all organized.