cover of episode S3E15: 3 Things To Do To Help Build Your Business Credit

S3E15: 3 Things To Do To Help Build Your Business Credit

2023/12/19
logo of podcast Cash Flow with Pam Prior

Cash Flow with Pam Prior

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Disclaimer: The content in this podcast is for informational and educational purposes only and does not constitute financial advice. Please consult with a financial professional to determine what may be best for your individual needs.

 

In this episode of Cash Flow, I discuss the importance of building a strong business credit score and provides three actionable steps to help improve it. We cover the significance of having credit cards in the business name, leveraging supplier/vendor relationships, and maintaining timely payments.

5 Key Lessons:

  • The importance of having credit cards in the business name to establish a credit history.
  • Leveraging relationships with suppliers and vendors to report payment history to credit bureaus.
  • The significance of maintaining timely payments for building a positive credit history.
  • Understanding the impact of personal credit on business credit and the benefits of separating the two.
  • The long-term benefits of establishing strong business credit for accessing business funding.

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