Give Your Business Some Credit

Even if you’re not planning to borrow money for a capital purchase any time soon, it’s smart to make sure your business is creditworthy.

Give Your Business Some Credit

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Entrepreneurs often use personal assets as startup capital and rely on their personal credit scores to secure startup loans. Once their businesses are up and running, however, wise owners separate personal and business finances. One way to do that is to build a good credit score for the business so future capital can be borrowed by the business, not the owner.

If a rookie business owner isn’t convinced about the necessity of keeping personal and business finances separate,...

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