However, many local community banks are still eager to lend to small businesses. Simply put, a
lot of the local banks and credit unions were not as lackadaisical during this time period. As a
result, they are still very healthy and need to lend the money of their investors back into the
market.
Over 90% of business owners have never taking the time to build business credit.
In this article you will find a road map to successes when it comes to building business
credit and how this will put you in a position of financial power.
Having a bad credit record can surely become a hindrance in establishing your business. Most likely, you will have difficulty in trying to persuade lenders to give you a credit account, which can be very significant for your company. Without a credit account for back up, you are placing your company at a very huge threat of running out of financial resources and even a possible pause in its operations.