Business Credit
How Fundable Is Your Business?
Our holistic financing approach has assisted tens of thousands of businesses. We aim to enhance your understanding of over 100 Business Fundability Ingredients, facilitate the use of your business credit, and connect you with brokers and lenders to obtain loans and credit lines.
Similar to your personal credit, your business also has its own credit rating known as business credit. It encompasses all forms of credit that are available to a business and can either require or not require a Personal Guarantee (PG). Having a PG means that your personal property is at risk, while non-PG credit doesn't require any collateral.
In order to apply for and use business credit, you will need your EIN, and in some cases, your SSN to verify your identity.
Building business credit is a gradual process, but it doesn't have to take several years.
While it may take around three years to establish a credit profile, it's possible to build a strong business credit score prior to that as well. To begin establishing business credit, you will have to select the type of vendor credit card that is suitable for your business's needs.