Money, Money, Money with Maria Simone
Maria shares how true business credit involves:\n1. Leveraging your tax ID number so that your business has its own credit profile with the various credit bureaus such as Dun and Bradstreet, Experian Business and Equifax Business. This is important for disassociating your personal finances from your business.\n2. Establishing trade credit lines in your business name so that OTHER businesses are extending payment terms to you. This helps to immediately improve cash flow.\n3. Building a Paydex credit score for your business between 80-100 which is essentially the equivalent or your personal credit.\n4. The ability to obtain credit cards and other lines of credit from financial institutions solely on the merits of your business. Think Donald Trump uses his own personal credit to finance his real estate empire? Think again! \n\nThe advantages of establishing business credit are tremendous! Not only will it help to improve immediate cash flow, you\u2019ll have financial resources at your disposal when you need them most, you\u2019ll protect your personal financial assets, and strategic partners (as well as potential investors) will be more inclined to do business with you when they see you have a credit profile. \nFor more FREE expert advice on how to access up to $100K in business credit funding please join us on Sunday April 10th at our Second Sunday Series.\nVisit www.AnEmpoweredWoman.com or call the office at 818.865.8563 for more details.\n\nSee you then!