Introduction

Establishing and building business credit is a critical step for any company aiming to secure financing and fuel its growth. Unlike personal credit, business credit is tied to your company’s financial health and reputation, serving as a critical indicator for lenders, suppliers, and investors assessing your business’s reliability and creditworthiness.

BENEFITS

Benefits of Building Business Credit

Access to Financing: Learners understand how to build business credit to improve eligibility for loans, lines of credit, and favorable financing terms. || Credit Management Skills: Provides knowledge on managing and improving a business’s credit standing. || Risk Mitigation: Educates on separating personal and business finances, reducing personal liability. || Business Growth: Offers strategies for using credit to fund expansions and increase operational capabilities. || Credibility with Suppliers: Helps businesses establish a credit history that can lead to better terms with suppliers and vendors.

Types of Course Modules

  • Foundation Establishment

    Setting up the basics of business creditworthiness, including business name, address, entity selection, EIN, business phone number, and necessary licenses.

  • Credit Building and Monitoring

    Establishing and maintaining business credit reports with major credit bureaus, setting up credit monitoring, and managing credit information.

  • Advanced Credit Strategies

    Strategies for enhancing business credit, including leveraging different types of financing and improving credit scores for better financing terms.

Course curriculum

    1. Introduction To Building Business Credit To Obtain Financing.

    1. STEP 1.1 BUSINESS NAME

    2. STEP 1.2 BUSINESS ADDRESS

    3. STEP 1.3 BUSINESS ENTITY

    4. STEP 1.4 EIN# (EMPLOYER IDENTIFICATION NUMBER)

    5. STEP 1.5 BUSINESS PHONE NUMBER

    6. STEP 1.6 WEBSITE & EMAIL

    7. STEP 1.7 BUSINESS LICENSE

    8. STEP 1.8 BUSINESS BANK ACCOUNT

    9. STEP 1.9 BUSINESS MERCHANT ACCOUNT

    10. STEP 1.10 WRAP UP

    1. STEP 2.1: DUN & BRADSTREET

    2. STEP 2.2: BUSINESS EXPERIAN

    3. STEP 2.3: BUSINESS EQUIFAX

    4. STEP 2.4: BUSINESS CREDIT REPORTING

    1. Understanding Trade Accounts

    1. STEP 4.1: CREDIT MONITORING

    2. STEP 4.2: MONITOR DUN & BRADSTREET

    3. STEP 4.3: MONITOR BUSINESS EXPERIAN

    4. STEP 4.4: MONITOR BUSINESS EQUIFAX

    5. STEP 4.5: REQUEST LEXISNEXIS REPORT

    6. STEP 4.6: REQUEST CHEXSYSTEMS REPORT

    1. Welcome to Tier 5!

    2. Understand the Importance of Trade Accounts

About this course

  • $29.99
  • 26 lessons
  • 0 hours of video content

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