Introduction
Excel by using credit to your advantage
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Build business credit
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1. Why Business Credit Is Important
Credit reports
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Credit for financing
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Separating business and personal credit
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2. Business Credit Reports
Credit bureaus
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Data can be used to evaluate your business
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Overview of business and personal credit differences
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No creditors are named
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No credit limits reported and payment history differs
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Free credit reports are not required
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Good credit score
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FICO SBSS score
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Business credit scores differ
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Monitor your business credit score
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3. Building Business Credit
Create a business entity
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Industry classification
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Separate business and personal finances and request a DUNS number
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Establish references that report
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Consider a business credit card and pay on time
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Excel by building the strongest credit you can
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Monitor your credit
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4. Credit Challenges
Lack of data
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Bankruptcy, tax liens, or judgments
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Negative info report
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5. How to Get Business Credit to Work for You
Leveraging other people's money to excel and grow your business
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Ex_Files_Credit_Secrets_for_Entrepreneurs.zip
(598 KB)