Skyrocket Business Growth With Secret Small Business Credit
Building Your Business Credit Score
Establishing a strong business credit score is a strategic process. Start by incorporating your business and obtaining an Employer Identification Number (EIN) from the IRS. Open a business bank account and ensure all business transactions are conducted through it. Apply for a business credit card and make timely payments to build a positive credit history. Additionally, consider working with vendors that report payments to credit bureaus, as this can further bolster your credit profile3.
Leveraging Business Credit for Growth
Once you've established a solid business credit score, you can leverage it to fuel growth. For example, you might secure a line of credit to fund marketing campaigns, hire additional staff, or invest in new technology. These strategic investments can lead to increased revenue and market share. Furthermore, business credit can be used to negotiate better terms with suppliers, reducing costs, and improving your bottom line4.