5 Steps to Building a Strong Business Credit Profile

Post on 12-Jun-2015

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Webinar Slides from our April 22 Webinar with the SBA. In this presentation, Amber Colley discussed what business credit matters to business owners and the steps they can take to improve their business credit. Learn more about business credit at: http://education.dandb.com/

Transcript of 5 Steps to Building a Strong Business Credit Profile

1: Economic growth

requires small business growth

1: Economic growth requires small business growth

2: Small businesses

need capital to grow

3: Banks want to loan to small business

1: Economic growth requires small business growth

2: Small businesses

need capital to grow

1: Economic growth requires small business growth

4: Qualified small

business owners are hard to find!

?

3: Banks want to loan to small business

2: Small businesses

need capital to grow

Helping Business Owners Find Access to Capital:

35% of small businesses were unable to access adequate capital in July 2013

Lease Terms

Freight Terms

Payroll Credit

National Distribution

Lucrative jobs on bids

Line-of-Credit Increases

Lease Terms

Freight Terms

Payroll Credit

National Distribution

Lucrative jobs on bids

Line-of-Credit Increases

Download CreditReporterTM mobile app FREE

Sign up for CreditSignal® FREE- If you see any discrepancies, fix them at:

CompanyUpdate.com FREE

Add good payment history

Know difference between personal & business credit

No surprise: You want good credit history to be reflected on your file

Not all bills are equal: Paying bigger bills first can help improve credit ratings

Keep an eye on your company’s D&B® scores and ratings

Evaluate the credit risk of business partners and maintain a healthy cash flow 

Make sure to watch the educational videos that answer all the most common business credit

education.DandB.com