Today there are
approximately 26.5 million small businesses in the United States – and over 92%
of these businesses use their personal credit in their business. Investment capital and trade credit is the
lifeblood of a business and as a result small businesses are dependent on their
personal credit score!
“The dependency on personal
credit is the primary factor of why most small businesses fail.”
The business credit
education, service, and coaching marketplace is driven by the ever increasing
demand of small business owners who need access to funding and credit sources
outside of their personal network. Often
a business in its start-up and growth stages exhaust the availability of
personally guaranteed credit based on their personal credit score. Once that personal credit is exhausted out,
the business owner has little or no access to alternative funding sources. The
result is over 50% of small businesses
fail in their first three years.
Our
Business Credit Advisors offer the tools and methods for small business owners
to create and build a business credit asset that enables consistent access to
credit and cash.
Separating personal
credit from business credit eliminates one of the several critical errors a
business owner can make which results in the “piercing of the corporate veil’s
limited liability”. When a business owner
intermixes personal and business credit, their personal assets are potentially
at risk in the case of litigation – all the more reason why business credit development
is crucial for every small business. A Business Credit Asset™ enables the
business owner to create a financial capitalization asset that can be
transferred with the business, in an exit for example.
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