If you just opened your business, it is very efficient to settle bills or pay things from your personal checking account or credit card account. Nonetheless, as your company expands, you'll discover that there are a variety of benefits to having business credit and it is also in your benefit to build a different financial account for your business. We can help you build your credit! Contact us here: https://www.themaverickconsultants.com/contact-us/

1. 5 Important Benefits
of Building Business
Credit
WWW.THEMAVERICKCONSULTANTS.COM

2. If you just opened your business, it is very efficient
to settle bills or pay things from your personal
checking account or credit card account.
Nonetheless, as your company expands, you'll
discover that there are a variety of benefits to
having business credit and it is also in your benefit
to build a different financial account for your
business.
WWW.THEMAVERICKCONSULTANTS.COM

3. Benefits of Building
Business Credit
WWW.THEMAVERICKCONSULTANTS.COM

4. 1. Separate Business and Personal
When you have a different business
account, it's much easier to track your
business expenses. You will not have a
purchases that integrates your business
as well as personal expenditures,
requiring you to highlight items on the
invoice.
Though your business's credit history will at first be based on your
personal credit score, in time your company will build its own credit
rating. This implies that your own credit scores ranking isn't straight
tied to the success, or failure, of your business.

5. 2. Rewards
Lots of business credit cards gives
rewards, such as cash back or airline
miles that you can utilize free of cost
flights. In effect, this conserves you cash
on everything that you purchase for
your business.
WWW.THEMAVERICKCONSULTANTS.COM

6. 3. Business Loans
Once you improved your business
credit score, it means that the banks will
more likely approve the loan that you
need to expand your business. Financial
institutions can now easily check the
business financial status, income and
expenses to identify how much your
business can afford.
WWW.THEMAVERICKCONSULTANTS.COM

7. 4. Tracking Costs
If you make acquisitions using your
business accounts-- checks, credit or
debit cards-- you'll be able to quickly
track those costs. As a matter of fact,
you will not have to save your receipts
for tax time. You can simply use the
duplicate of your credit card statements
for the year.
WWW.THEMAVERICKCONSULTANTS.COM

8. 5. Financing Capabilities
If you have a business line of credit, you
can finance a purchase that you need to
make for your business, generally at a
relatively low rate of interest. As a
matter of fact, some business credit card
provide a zero percent interest rate for
a certain amount of time.
WWW.THEMAVERICKCONSULTANTS.COM

9. We can help you build your credit!
Contact us here:
https://www.themaverickconsultants.com/contact-us/
WWW.THEMAVERICKCONSULTANTS.COM