Credit MRI's Business Credit building services have been developed to help business owners establish and grow a business credit in order to secure new funding opportunities for your business.
5 Reasons Why Your Business Needs to Build A Business Credit Asset
Access to funding and managing cash
Access to funding and managing cash flow is the single biggest concern for business owners. By establishing and building Business Credit, businesses can access new funding sources to ensure positive cash flow.
Get the best credit terms
Get the best credit terms. Your business credit score will likely result in better credit card and loan interest rates. For businesses with weak credit scores, banks and lending institutions may increase loan interest rates from 7% to 12% and credit card interest rates from 8% to 18% or not
get approved at all.
Reduce your expenses
Reduce your expenses. Building a business Credit can improve cash flow by reducing:
- Financing Costs
- Insurance Premiums
- Rental Terms
- Credit Card Rates
- Vendor and Supplier Terms
Peace of mind
Peace of mind. Protect your personal assets and reduce your personal liability by creating a separate corporate entity and business credit. Establishing your business credit asset only strengthens this liability protection.