Is your poor personal credit disqualifying your business from securing loans from banks? This free webinar can show you how to build strong business credit, so you can have more financing options.
Are you struggling to secure a business loan because of poor personal credit? This new resource can teach you how to build a solid business credit unaffected by your own FICO score.
A consultancy in Atlanta has launched a webinar aimed at business owners who want to establish a positive business credit profile that is exclusive to their companies.
Go to https://oxfordpierpont.com/finance-webinar for more information.
Oxford Pierpont is offering you an online resource that teaches how to build good business credit unaffected by your personal score. This webinar is free of charge and sessions are hosted live every Thursday.
It will show you how to avoid personal guarantees, which typically involves putting in line personal assets, by gradually separating your personal credit from your business. Each session will cover all the steps needed to correctly establish a solid business credit foundation.
Furthermore, the lesson will also cover how you can utilize your newly built business credit profile to secure six-figure loans. According to the company, this section is ideal for those who are looking for a means to fund expansions to new markets or services.
The Small Business Administration stated that to keep one's business finances separate, the first step is to build credit under the company's name.
While corporations and limited liability companies are recognized as separate legal entities, some types of enterprises, such as sole proprietorships and certain kinds of partnerships, are financially linked to their owners.
In these structures, business credit profiles are non-existent, which means that lenders will have to base their decisions on the owner's credit. "If they have poor credit, they won't qualify for a business loan," an Oxford Pierpont spokesperson explained.
Business credit scores typically range from zero to 100 and are used to determine a business's creditworthiness. A number of factors can affect this score, including payment habits, industry, derogatory records, and more. For instance, Experian examines over 140 variables in determining one's score.
Webinar host Oxford Pierpont provides business consulting, financing, and marketing services to clients in different parts of the country. Its financial solutions are focused on helping entrepreneurs find capital to start a business or fund an expansion project.
Stop giving personal guarantees. Sign up to the webinar today and start qualifying for better loans and rates with a trustworthy credit score for your business!
You can find out more at the above URL!
