How to Totally Screw Up Getting Business Credit
If you’re working on getting business credit, here are some great ways to totally screw it up:
- Using personal guarantee to secure corporate credit
- Not incorporating business
- Out of sync with credit bureau score standards
- Wrongly believing in your actual ability to repair your bad credit
- Believing that you already have a great profile just because you have a business credit card
- Improper documentation of personal and business finances
- Presenting an incomplete application to potential lenders
- Working with bad vendors who report negative feedback
- Approaching lenders who charge too much interest rates on loans
- Not studying the basics of corporate credit management
Here’s instructions on the right way to do it so that you can have some real cash at hand to grow your business.
