How To Get Business Credit
The term " business credit " can refer to a variety of things . For instance there are business credit cards , business credit lines , busines ; loans , and just plain ole business credibility . While these are all different , really they are all the same . Essentially , they all lead to money that you can borrow for your company ' s needs .
Getting access to business credit can either be really easy or really hard ; There is no real middle ground . It really all depends on how old and profitable your company is . The older your company and the more money you make , the easier it is to get it . The younger your company and the less money you make , the harder it is to get it . With all that said , here are some proven ways to get business credit :
1 ) Maintain Your Personal Credit
While there are ways around this , the average person can only get access to business credit if he / she has good personal credit . Conducting a credit check on your personal financials is usually the only means that a banker has to determine whether or not you are too risky for them . If your personal credit sucks , fix it . It will be well worth your time - however long it takes !
2 ) Shop For Banks
Always remember that banks need you just as much as you need them . Giving you access to credit creates revenue for them . Therefore , if one bank turns you down - try another . In your community , there are probably at least 25 different banks . All of them have a different application process , all have them have different criteria , but at the end of the day - they all want to do business with you . FindABetterBank . com is a great tool to find banks in your area .
3 ) Search Online
In addition to the banks in your local community , there are tons more on the web . These virtual banks may have higher rates , but they too are very desperate for your business . Many offer business loans and business credit cards . Conduct extensive research using Google , Yahoo , and business directories such as www . Business . com .
4 ) Find a Broker
A broker is a person or company that can help you find the best bank available . They can save you a lot of time and energy , and may even bring opportunities to your attention that you would ' ve never found . Be careful about shady brokers who are so desperate for your business that they will connect you with loan sharks .
5 ) Attend Financial Seminars
If you ' re aware of a financial seminar or workshop in your area , make every effort to attend . What better way to be
educated about the best financial
How to get Business Credit Jacksonville , Florida October 2014 options for y o u r company , then to be advised by a local expert ? Usually these events are free to attend , and the person hosting it is usually very knowledgeable about the best banks and financial institutions to do business with . As always , doublecheck any references by doing your own research .
6 ) Attend Business Conferences
Every year , hundreds of business organizations and publications host their own annual conferences . Most have expos where companies such as banks can set up booths to recruit new clients . This is a great opportunity for you to inquire about their services , collect literature , and learn exactly what you need to do to apply and be approved .
7 ) Read Business Magazines
Publications such as Forbes , Inc , Fast Company , Black Enterprise , Hispanic Business , and even Business Week , report regularly on the business credit and financing industries . They often provide unique tips and techniques that can be used . Not only can you benefit from the content from the articles within , but you can also benefit from the advertisements ( both display and classified ) that promote various opportunities .
8 ) Shop For Business Credit Cards
In addition to shopping for banks , you can also shop for credit cards from banks that you don ' t even belong to . If your own bank won ' t give you a card , that doesn ' t necessarily mean that others will also deny you . There are many to choose from , with vary interest rates and rewards programs that can benefit your business .
Allstate
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Kelvin G . Mayner Daytona Beach Allstate , Florida *
You ' re in good hands .
October 2014
24-Hour Customer Service
Kelvin G . Mayner , PHR Agency Owner Kelvin G . Mayner Insurance Inc .
Allstate Insurance Company 1030 W International Speedway Blvd Suite 100 Daytona Beach , FL 32114
Phone 386-323-3779 Fax 386-323-7998 Toll Free 877-343-3231 KelvinMayner @ Allstate . com