Having a true business line of credit can be instrumental to the success of your small business. But what do we mean by true business credit?

Simply put, business credit is credit that’s based off your business’ credit score rather than your personal credit score. Many small business owners use their personal credit cards or get personal loans in order to finance their business needs, but this is a mistake because as you use your personal credit for your business, your FICO score (personal credit score) goes down a few points. This can make it nearly impossible to obtain credit in the future, and has the chance to ruin your personal credit rating should anything unfortunate happen to the business. In addition, if the business would happen to close, the person who obtained the credit is going to be held responsible for any outstanding debts that the business incurred.

Obtaining strong business credit is important, not only because it benefits the business in the long run, but because it serves as a protection to the business owner’s personal financial security.

In addition, having strong business credit and a good business profile can get you lower interest rates, smaller closing costs, higher credit lines and even lower lease rates.

Initial Underwriting Group is a group of underwriters who specialize in helping small business owners build strong business credit. They can help to get your credit reported to Dun & Bradstreet (the largest business credit reporting agency in the US) as well as aid in obtaining much-needed financing once the credit score reaches an optimum level.

Initial Underwriting Group has helped nearly every kind of business build strong business credit and gain the financing they need. From real estate investors, to franchise buyers, to investors – if you run a business, there’s a good chance that IUG can help you.

But what if you’re not in business yet?

That’s fine, because IUG can help you get started. Whether you need a solid business plan or need help getting incorporated, the professionals at Initial Underwriting Group can customize a program suited to your specific needs.

If you’d like to learn more about the Initial Underwriting Group or want to fill out an application at no charge, visit them online at www.initialunderwriting.org.

Additional Resources

Initial Underwriting Group :: Homepage

Initial Underwriting Group :: Article on Uploads.biz

Initial Underwriting Group :: Listed on DownTownProfile.com

Initial Underwriting Group :: Information on 1HRO.com

Initial Underwriting Group :: Article on CorporationReview

Initial Underwriting Group :: Article on DTProfile.com