The Integrated Entrepreneur

Lift Off! How to Launch Your Business Credit

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Description

summary

In this episode, Jonathan Fodera discusses the significance of building business credit for entrepreneurs. He explains the challenges faced in establishing business credit, the importance of separating personal and business finances, and the foundational steps needed to build a strong business credit profile. The conversation covers essential fundability factors, the process of obtaining business credit accounts, and the long-term benefits of maintaining good business credit.

takeaways

Building business credit is crucial for entrepreneurs.
93% of companies do not report to business credit.
Business credit helps separate personal and business finances.
The best time to build business credit is as soon as you start.
You need a business bank account to establish credit.
A business phone number cannot be a Google voice number.
Never use a PO box for business registration.
You can build business credit yourself without hiring help.
Pay back business credit at the end of the month to build credit.
Maintaining a low debt-to-income ratio is essential for good credit.

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Apple Podcast: https://podcasts.apple.com/us/podcast/the-integrated-entrepreneur/id1721945867

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Apple Podcast: https://podcasts.apple.com/us/podcast/the-integrated-entrepreneur/id1721945867

Spotify: https://open.spotify.com/show/44djZ5wR9cyqTAKJs8DyEX

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Built 2 Exit Assessment: https://jonathanfodera.builttoexit.biz/.

Join Jonathan in the Capital Tools Program: https://www.thecapitaltoolsprogram.com/home

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Integrated Business Financing Website: https://www.integratedbusinessfinancing.com