Business credit is necessary to maintain. It allows the business to have purchasing power for inventory, to pay expenses and to cover expansions.
Business credit is often needed for start-up businesses or even existing businesses that need financing to grow and develop. There are a variety of types of loans available and they all have confusing terms associated with them.
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Take control of your business credit with D&B® CreditBuilder™ from Dun and Bradstreet Credibility Corp. Discover more small business solutions at MyCredit.
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Whether you plan to start a new business or explore new areas of a market with a company that you currently own, you might find that you need credit to pay for real estate, products, and important services. Business credit functions much like the types of credit that individuals use. The largest difference is that business credit is used for issues such as payroll, technology research, and investments.
Getting credit for your business could rely on a process similar to getting credit for personal use. The credit rating of your company could have a significant impact on whether lenders want to extend credit to you and how much interest they charge. Those with strong credit ratings often find that they can secure loans and credit cards for their businesses that have relatively low interest rates.There are a wide variety of lenders that could extend credit to your business, including credit card companies, investment groups, and banks. Business.com provides the links at left to help you explore your options. Visit these websites to learn more about the types of business credit cards and loans that you business might use. This will help you make a more informed decision that could benefit your business's success.
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