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Building up a good business credit score is more important to obtaining business funding than most entrepreneurs realize. In fact, one of the most frequent reasons that small business loans are denied is because of low personal and business credit scores.

After establishing a credit profile with business credit agency Dunn & Bradstreet, small business owners should apply for a business credit card and start using it responsibly to start building a good credit report. These cards can provide many added benefits to companies along their path to business credit nirvana.

1. Higher Limits
One great advantage of business credit accounts is that the credit limits are usually much higher than on personal cards. This allows a company to instantly have greater access to working capital without all the waiting that comes with a standard business loan.

2. Fewer Risks
Business credit card lines also have less risk attached them than some other forms of business lending, especially alternative loans. With business credit cards, a company does not actually borrow any money until making a purchase and the full amount of credit is available again immediately after paying off any debt in full.

3. Separates Business and Personal Finances
Using a business credit account allow entrepreneurs to draw a line between their personal and company finances. That way the personal credit will be protected if the business suffers or fails.

4. Easy Organization
Business credit card accounts automatically come with easy online access to all company spending and allow owners to quickly analyze expenses by month, quarter or year. Most credit card accounts also can be easily downloaded into accounting software to make it even simpler for you to track your spending.

5. Rewards
Whether its airline miles, discounts at hotels and rental cars, or cash back, business credit cards can offer a wide range of very helpful rewards. Entrepreneurs should research the perks of different companies before committing to any card.

By taking advantage of all these benefits, new companies can build their business credit while also helping themselves grow and thrive.


Search for Small Business Loan Sources and receive your matched lender list
AND received FOUR free Business eBooks worth $39.95!
Search for Small Business Loan Sources