Have you ever wondered, "how can I grow my business if I don't have the cash to invest"? So many people have business ideas or have even started their business and just don't have the capital it takes to grow the business fast enough to see a return on their investment. We have all heard of the phrase, 'it takes money to make money'. Being a small business owner is stressful enough but having a plan is where you will see your idea sprout from a small Appleseed to a giant apple tree.
Learning the process of building business credit can give you a competitive edge in the marketplace. Building business credit is so important when it comes to investing in your small business ideas. Dun & Bradstreet is one of the largest business credit reporting agencies in the world. D&B reports and compiles financial statistics and ratings from businesses around the world in order to help banks, investors and vendors make lending decisions. Building your business credit profile allows a small business to leverage its positive payment history into lines of credit or liquid cash that can be used to invest back into the business. Dun and Bradstreet provides businesses with a unique identifying number that is used to track your financial performances in the marketplace. If you are a small business owner, it is important for you to begin the process of building your business credit. You can apply for a dun and Bradstreet number directly from their website for free. If you have your D&B number, Complete and Total Care provides small business owners with a step by step process to help build their D&B business credit rating, add business vendors to your report and monitor your business credit score. The Loan Approval Program is a great start for business owners that want to have a team to help them through the process of making sure their business is funded the right way. To learn more, click the link below.
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Ron DozierSenior Editor ArchivesCategories |