Kody Wirth is a content writer and SEO specialist for Palo Alto Software—the creator's of Bplans and LivePlan. He has 3+ years experience covering small business topics and runs a part-time content writing service in his spare time.
2 min. read
Updated January 4, 2024
Many businesses, both large and small, rely on borrowed capital to fuel growth and fund business initiatives. In other words, borrowing is just part of the equation.
This means small business owners need to understand how their credit impacts their ability to borrow more than the average consumer looking to purchase a house or buy a new car.
Every small business owner basically has two credit profiles. Their personal credit score and business credit history. In order to understand how credit impacts a business owner’s ability to access borrowed capital, you need to know both.
Whether you’re just starting out or a seasoned entrepreneur—your personal credit has a major impact on your operations and funding options.
Establishing business credit isn’t exactly the same process as improving your personal credit. It involves acquiring multiple types of credit that you’ll need to track along with your individual credit.
Did you know that there are five financial health signs that a lender will look at to determine your creditworthiness? Here’s what they are and why they matter.
Are you struggling to build business credit? Here are a few things you should do to make your business history more visible and accurate.
Part of building and maintaining good credit is understanding what your credit options are and how they can affect you. Here are a few resources that will serve as a way to get yourself familiar with the types of credit.
While you will build business credit in multiple ways, one of the most direct options that help keep your business and personal expenses separate is applying for a business credit card.
Resources to help you manage your credit and improve your business health.
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