Building business credit
October 23, 2009 05:09 PM Filed in: Small
Business
Today's Wall Street Journal includes a short but
useful piece about three ways in which small business
owners can build business credit (click here). "Small-business owners are
in a Catch 22. Obtaining financing for their
companies can be difficult without a strong
business credit history. At the same time, banks
and credit-card issuers have tightened standards
and don't want to risk providing loans or lines
of credit to small companies that don't have
proven track records. . . . The solution,
business-credit experts say, is for would-be
borrowers to buckle down, keep airtight records
and instill new credit-building practices. . .
."
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