Building Credit In Your Business Name

Building Credit In Your Business Name

Posted on March 2nd, 2023

Business Credit, sometimes referred to as Trade Credit, is credit that is established under abusiness’s name. Business credit permits a business owner to use their business credit profile and score for financing not their personal credit score and profile. One of the reasons business credit is so appealing is that business owners can commonly qualify with no personal-guarantee (PG). This means business owners can access cash for their businesses without the personal liability. Another reason business credit is a great resource for business owners is that there is no personal credit check with many sources. So, even business owners with challenged credit can be approved for thousands of dollars of credit for their businesses. To qualify for most business credit sources the business must have a positive credit score established with the appropriate business credit reporting agencies. The two most commonly used business credit scores are the Paydex score from Dun and Brad Street and the Intelliscore from Experian. Once a positive business credit score is established, many merchants will then

approve the business owner for credit in the business’s name. 

Thousands of major merchants offer business credit. But most don’t promote their business credit programs, so they are difficult to locate. Some merchants offering business credit include Chevron, Dell, Staples, and Lowes. Once business credit is established and paid-as agreed the business credit scores will continue to increase. As more positive credit history is established and scores increase, business owners can then be approved for even more credit with higher credit limits. Business credit is an outstanding resource for businesses. Owners can obtain credit to run and expand their businesses without the personal liability of using a personal guarantee.

About the Author

Rick Sax, Inc.  is currently the manager of the Credit Repair Law Firm Chartered and specializes in helping business owners establish excellent business credit scores and then leverage those scores to access cash and credit for their businesses. Rick Sax, Inc. is also one of the masterminds' behind the release of the exclusive Business Funding Suite. The Business Credit and Funding Suite is the leading business cash and credit access system in the world today. For more information on business credit scoring, business credit,  contact or visit.

Rick Sax, Inc. 954-241-0234

Contact Form

Get in touch to discuss with us how we can best assist you.