Ukrainian Law Blog
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Sunday, February 11, 2018
Build Your Small Business Credit: 4 Key Differences That Matter
As individuals we spend years establishing, managing and protecting our good personal credit ratings. With strong personal credit, access to favorable interest rates and terms when applying for credit and financing may be available at the stroke of a pen.
When you have the ability to obtain financing at the best available bank rates for items such as a new automobile, home, or investment property; you have established a strong personal credit asset.
As a business owner, having good personal credit ratings provide leverage to potentially qualify for various
types of business funding
. However, using personal credit alone does not enable a business owner to maximize the company’s true financing potential.
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