Smart Lending Capital

Wondering how to get access to funds?? We put together these 3 great ways to fund 💰 your business.

Check these 3 tips for getting small business financing, request your free custom plan today 💯

👉 https://snip.ly/nlevd7

Learn EXACTLY what your best funding and credit options are specifically for your business and industry. You will also be assigned a dedicated business funding specialist 💰👌 to put your plan together 👏. Request your custom plan today 👇

👉 https://bit.ly/FREE-Custom-Funding-Plan

GROW 🚀 your business using instead of your personal credit 😲

According to SBA, 46% of business owners use their personal credit to fuel their business. Your business can have a completely separate credit profile (unrelated to your personal credit profile). Check out this simple tips to start building your business credit.

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1️⃣ CREATE A LEGAL ENTITY:
If you haven't do this yet, establish your business as a legal entity with your state (steps here 👉 https://www.legalzoom.com/articles/how-to-form-a-corporation)

2️⃣ LOOKUP OR REQUEST A D&B D-U-N-S NUMBER:
If your business has been established for a while, it may already be listed with Dun & Bradstreet (one of the main credit bureaus for businesses). If you don't have one, you can request a free D-U-N-S number (here 👉 https://www.dnb.com/duns-number.html)

3️⃣ VENDORS CREDIT LINE:
You may have some relationships 🤝 established with vendors you already work with, like Home Depot, Office Depot, FedEx, etc. Ask them extend you a small line of credit and most will accept in order to keep you as customers, just make sure they report your payment history to the business credit bureaus.

4️⃣ BUSINESS CREDIT CARDS:
Open a couple of credit cards for the business, not personal and make sure they report to the business credit bureaus. You can reach out to your current bank first and see if they offer any business credit card. Then contact any of the major banks and apply.

5️⃣ PAY YOUR EXPENSES & BILLS ON TIME
Most important, pay all expenses and bills on time so that the vendors & credit card companies report your good & on-time payment history to the business credit bureaus.

If you have any questions about establishing business credit, let us know in the comments.