Personal guarantees will tie your personal assets with your business debts. This could
prove dangerous if business debts go into default. The the major problem with personal
guarantees is both your personal and business credit ratings could be ruined if default
occurs with either. It would be hard to recover from both personal and business debts.
prove dangerous if business debts go into default. The the major problem with personal
guarantees is both your personal and business credit ratings could be ruined if default
occurs with either. It would be hard to recover from both personal and business debts.
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You can build and establish business
credit separate from your personal
credit history. There are several
reasons why you should build business
credit including the fact that business
credit protects your personal assets.
The key to establishing business
credit is finding vendors, banks and
credit card issuers who do not require
your personal assets to guarantee
repayment of business debts if default
occurs.
credit separate from your personal
credit history. There are several
reasons why you should build business
credit including the fact that business
credit protects your personal assets.
The key to establishing business
credit is finding vendors, banks and
credit card issuers who do not require
your personal assets to guarantee
repayment of business debts if default
occurs.
How to Build and Establish Business Credit Separate from Your
Personal Credit in 10 Steps
by Lisa Phillips
updated: February 2008
Personal Credit in 10 Steps
by Lisa Phillips
updated: February 2008
Separate Personal from your Business Credit
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Business Opportunities
Home-based business opportunities. Earn extra income from your computer.
Bad Credit Business Loans
The funding sources may be limited for business loans when you have bad credit but they
are existent.
Micro Business Loans
Do you need just a little cash to grow your business try a microloan from the SBA.
Business Loan Sources
A little Creativity and al lot of determination can get you the money you need.
Home-based business opportunities. Earn extra income from your computer.
Bad Credit Business Loans
The funding sources may be limited for business loans when you have bad credit but they
are existent.
Micro Business Loans
Do you need just a little cash to grow your business try a microloan from the SBA.
Business Loan Sources
A little Creativity and al lot of determination can get you the money you need.
More Resources
More on Small Business