Is your business positioned for growth? Does your business need capital to expand company operations? If so, building business credit will be essential to landing funding for your business and giving you the ability to expand rapidly when you have the right opportunity.
What is Business Credit?
For those of you who do not know exactly what business credit is and why it is important, you are not alone. There are many business owners who share this feeling of uncertainty. Nevada Corporate Headquarters, Inc., can provide you with what you need to know about business credit so that you feel prepared and confident about your business operations. The following are some of the valuable things you will discover about business credit with our business credit programs:
- Your rights as a business owner regarding information on your credit reports
- Who the largest business credit bureaus are
- The criteria business lenders use
- Where business credit scores come from and what they mean to your business
- Which companies grant credit and how to get them to do it for your business
- Which companies report to business credit bureaus
- Which credit cards companies do not require personal guarantees
Why is building business credit important?
Building business credit is important for all businesses because at some point, your business will need funding to continue to grow. Finding business loans and obtaining business funding are critical parts of a small business and almost always a very large concern for the owners. Nothing is more important and vital to the health of a small business than having the right business credit in place.
Most small businesses tend to be financed initially by personal savings or assets of the owner but that becomes difficult to sustain once a certain rate of growth is reached. One advantage of a corporation is that additional resources are often readily available through the introduction of new shareholders. However, this is a shorter term solution and not everyone is prepared to share control of their enterprise with others.
Financing is a critical part of a small business and almost always a large concern for the owners, yet few know how to set about finding credit or investment solutions to fund their business growth.
Nevada Corporate Headquarters can help you to build a business credit profile and understand the business loan process. This preparation will improve your chances of being approved significantly for business funding.
Our first step is to analyze where you are now which is exactly what a potential lender will be doing. Our Business Credit Analysis identifies where you are today and where to begin with building a business credit profile that will make your application more likely to succeed.
If you are ready to get started with building your business or corporate credit, NCH offers a variety of services and products to assist you. Here are just a few of the credit programs that we offer:
Business Funding Evaluation
We find that most people looking to fund their business or idea do not possess the tools or resources needed to properly build credit or position themselves for successful financing. If businesses were properly prepared, they would be able to access lines of credit and obtain funding for their business. Our corporate credit building evaluation is designed to position you and your business to get access to capital by implementing proven strategies developed by our credit experts and lending partners.
NCH will teach you how to build business credit by utilizing tools, resources and strategies developed by our credit experts and lending professionals. The program is a do-it-yourself, step-by-step process that will lead you down the path of building business credit quickly and efficiently. You will be free to move at your own pace while effectively building credit lines for your business.
Credit LaunchPad Overview:
- Detailed software that walks you through the steps of your business credit development including business profile, beginning vendor credit and advanced vendor credit.
- Exclusive tiered credit process to build your credit quickly and efficiently.
- Instructional videos to help you better understand the credit building process.
- Additional resources to kick start the credit building process including informational webinars, financial calculators and downloadable e-guides.
Business Credit Accelerator I
The Business Credit Accelerator Level One Program is designed to help you build lines of business credit rapidly for your new or existing business. Credit experts will help you build your credit score and profile with major business credit reporting bureaus. With our comprehensive understanding of personal credit, business credit, and our lenders' underwriting standards, we will ensure that you have the best possible profiles. This is a 12 month program specifically designed for business owners that are new to business credit building.
Business Credit Accelerator II
The Business Credit Accelerator Two Program is for the serious and long-term focused business owner who understands the value of establishing the optimal financing mix as a vital element of capitalization in operating a business and managing cash flow. This is a 12 month program for the serious and long-term focused business owner, and it is designed to move clients that have higher credit scores through the business credit building process much faster. After the development of your A+ Business Credit, we shift our focus to Growth and Operational Capital necessary for expansion and day-to-day operations.
Ready to get started with one of these business building credit tools or do you just have general questions? Give the credit experts at NCH a call today at 1-800-508-1729.