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The Beauty of Business Credit And The Beast with Personal Credit

by Dustin Mathews 

The Beauty of Business Credit And The Beast with Personal Credit

If you’re an entrepreneur and you plan to be in business for awhile then you must start now to build your credit.  If you wait, you simply lose the time that you could have been using to build your business credit.

There are just too many advantages of using business credit.  I will pull back the curtain on both business credit and using your personal credit to fund your business.

Here’s the beauty of business credit…

1. It’s based on the TAX ID number you get from the IRS - You can have as many corporations as you’d like

2. You aren’t penalized for inquiries

3. The more money you get access to the better you look to vendors and other lenders

Here’s the beast with personal credit…

1. It’s based on your social security number (and unless you know how to get another one) you can only build credit on it

2. You are penalized for inquiries

3. The more money you get, the riskier you look to lenders and vendors

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