Building Strong Business Credit: A Key to Growth
Many entrepreneurs believe business credit is the same as personal credit, but that’s a myth. Business credit is separate and helps secure funding without affecting personal finances.
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Many entrepreneurs believe business credit is the same as personal credit, but that’s a myth. Business credit is separate and helps secure funding without affecting personal finances. Another misconception is that only large companies need business credit—in reality, even small businesses benefit from it. Some think a business must be profitable to build credit, but credit history can start from day one. Lastly, many assume business credit isn’t necessary if they use personal credit, but strong business credit improves financial flexibility and credibility.
