Business Credit Basics
Building business credit is a key component to the creation of any business. So when first starting out, entrepreneurs often ask their friends and family to invest in their businesses, and they also will draw heavily on their personal funds.That kind of investment might be the easiest to get, but it’s also usually a limited pool (unless your uncle is Bill Gates or Warren Buffet).Eventually, you’ll need to get banks and other credit companies involved.
This is what you’ll need to do to convince someone that you’re a good investment:
There is something that we can directly help you with on this score.We will review our client’s financial statements before they send them to the bank or lender.We make sure that they give an accurate view of the financial health of your company. If you need additional advice or just assistance with business credit or finances in general, you should consider calling us at (505)255-1617.
Catherine Tardy, is a CPA at Tardy & Co., PC. As a consulting accountant she helps startups, small and midsize businesses plan out and establish or expand their companies.