Madison Heights, MI (PressExposure) April 10, 2009 -- Mark Maupin, former real estate investor and now Community College instructor, met with Susan Carter, an accountant with 25 years experience in the real estate field. Susan decided to meet with Mark about the subject of business credit because he is currently teaching a marketing class for entrepreneurs. The need is great for funding their businesses so Mark and Susan discussed how to get business credit. Susan began by stating that business credit is big business, and if you are a business owner you are a sitting duck for scams that can cost you a small fortune. Business credit is the solution to that problem; it is one of the things that helps make the working world turn. Business credit is needed for banks to make loans to businesses so they can continue to run on a daily basis. Business credit is an important building block for any small business. â She went on to state that building credit allows you to limit your personal liability and protect your personal assets from any business losses. Business credit will eliminate the need for using personal credit to purchase vehicles for your business, have access to more cash for business purchases and day-to-day operating expenses. Mark acknowledged that building business credit takes time, careful planning, and being educated on what steps to take. The "must have" insider secret to building business credit is that all these accounts must not be connected to your personal credit and they all must report your payment history to the business credit agencies. âSuccessful business credit can enhance the overall success of a business.â This is a key point that Susan pointed out. By building business credit separate from your personal credit you are limiting the use of your personal credit score and in many cases you donât even need it to obtain credit in the business name. You should start the process of building business credit as soon as you start your business. Part of building a good, solid business is taking care of both business credit and personal credit. As you build corporate credit you will be able to obtain unsecured business lines of credit that do not report to your personal credit file. When it comes to business lines of credit, you should get access to lines of credit and capital that you will need to build your business. Once youâve established a presence with the business credit bureaus and have a score, your business will be eligible for various business retail credit cards, trade credit accounts and lines of credit without the need for a personal guarantee or personal credit check. Once a business obtains unsecured business lines of credit, they then have the working capital they need to start a business or expand their business. And best of all, the business lines of credit donât report to the business ownerâs personal credit report. When it comes to small business lines of credit, the owner usually has to guarantee payment. While youâre building your business credit rating, youâll be getting credit, using it, and increasing your credit lines. In conclusion, Susan stated that business credit is the most sought after wealth building tool today. Business credit is a âpictureâ of how a company handles its financial obligations to its suppliers and banks, addressing not only the company's ability to pay, but also its willingness to pay. Therefore, the best time to build your companyâs credit profile is before you need to use it. Itâs just good business practice. Make no mistake about it; business credit is a MUST for every business owner. In short, business credit is the lifeblood of industry; without the continuous flow of credit, businesses simply wither and die. Mark asked Susan about her new eBook that is now on the market that reveals all the basic secrets of business credit. This is an exceptional, step-by-step eBook that provides all the important processes that will help your business get the money it needs, without having to use personal guarantees. Susan, author of the âBasics of Business Creditâ is an expert on understanding the importance of business credit. If you purchase her new eBook, Susan also is offering an added bonus. She will include a Free Credit Restoration Guide for improving personal credit. It includes over a dozen sample letters that can be sent to the credit bureaus, collection agencies, or businesses that are reporting negative comments on you. To find out more about this exceptional new document you can go to her website: http://www.susansbooks.com. Contact: Susan Carter Start With the Basics, LLC P.O. Box 71481 Madison Heights, MI 48071 (248) 399-7808 Email: firstname.lastname@example.org This press release was submitted by Right Now Marketing Group, LLC
College Instructor Meets with Expert
Susan Carter, author of âBasics of Business Credit,â has created an e-Book that provides instructions on how to set up a business entity correctly from the start. She has the knowledge to help anyone avoid the trap of having to use personal funds and assets to get their business started
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Press Release Submitted On: April 09, 2009 at 6:17 am
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