Credit Management

In the early stages of developing your business having a solid personal credit profile becomes crucial to the future of not only your business, but also the health and growth of your personal household during the start up of your business.

During the start up stages your credit report determines how you will be perceived by potential lenders and suppliers.

Entrepreneurs generally think that business credit and personal credit are separate. However, business credit with banking institutions are built upon the owner’s personal credit. Until you have established a business credit history, lenders and vendors will use your personal credit history to determine your credit-worthiness.

You should check your credit reports with all three major bureaus and correct all erroneous information in those reports.