According to a U.S. Bank study, 82% of businesses fail because of “cash flow problems.” That’s not surprising when you consider that most new business owners make the mistake of using personal credit to operate their business instead of business credit.
“What’s wrong with that?” you may be asking yourself.
Well, simply put…any time you take a personal loan and use it for your business or take money from a personal bank account for business expenses, you’re mixing your funds.
Now, let’s dive deep into business credit to learn why it’s the smartest way to fund your small business!
Why is Business Credit Important?
The #1 reason you need business credit is to separate yourself from your business. Many business owners make the mistake of personally financing their business. They don’t realize that not only is this difficult to sustain, it puts them at serious risk of personal financial loss!
In the current economic climate, separating yourself from your business has never been more important. Building a credit profile protects you and saves your business from having cash flow problems.
Additionally, the better your credit score, the better the perks:
–Access to more money soyou can thrive in any economy
– Extended cash flow with higher credit lines
– Money saved by lowering your interest rates
Start Building A+ Business Credit
We understand the importance of building good credit quickly at Nevada Corporate Headquarters (NCH). That’s why we’ve developed a strategy to gets business owners A+ credit fast. When you partner with NCH, you’ll get a credit coach who will register and set up your business profile with Dun & Bradstreet and Experian Business.
So, if you want to save your business during these challenging times and have peace of mind about the future, you need to build business credit.
Get started building A+ business credit by contacting the business credit experts at NCH!
If you’re ready to turn your dream business into a reality, look no further than Nevada Corporate Headquarters. From business entity formation to accounting and taxes, building business credit and estate planning, our comprehensive asset protection strategies are second to none and are proven to help businesses successfully launch and grow.
Contact us today and go from business idea to open for business. Click HERE to get started