Getting access to corporate business credit is the fastest way to building and expanding ANY business.

It doesn’t matter what your business is. Whether it be real estate, a shiny new franchise, a restaurant, a home business or a network marketing business. It doesn’t matter…

Your business needs CAPITAL—————PERIOD!!!

As a matter of fact, in this crazy, sluggish economy getting your hands on Corporate Business Credit is even more important than ever. For many businesses accessing corporate credit is the difference between having a happy prospering company or folding up shop and ending up just another failed business statistic.

Sadly, most entrepreneurs make all the WRONG moves and terrible mistakes when trying to get corporate business credit. Here are the top 3 deadliest mistakes most entrepreneurs make.

Corporate Business Credit

*WARNING: Make These 3 Mistakes and Your Dreams of Getting Corporate Business Credit Are Toast!

Corporate Business Credit Deadly Mistake #1: (this is a big one)

Not separating your personal credit from your business credit – No… No… NO!!! Wow I simply cannot believe how many entrepreneurs make this mistake.

Never under ANY circumstances “personally guarantee” your “business credit”.

I don’t care what the bank tells you (it’s in their best interest to have you on the hook personally for any credit line in case of default) never, ever personally guarantee any business credit.

If you have to personally guarantee it then it’s not really “business credit” is it?

Let’s face it…

89.7% of new business start-ups fail within their first 6 months. The whole idea of having corporate business credit is so if your business fails you are not personally liable for any credit that was extended to your company.

You don’t want the bank attaching a lien to you personally and losing the house, your cars and the shirt off your back just because your business fails.

Corporate Business Credit Deadly Mistake #2: (this is almost as bad as the 1st)

Trying to get corporate business credit own your own and not hiring a professional – I’ve watched entrepreneurs make this nutty mistake time and time again.

It usually happens after you attend some fraudulent corporate credit, “guru” seminar where some fast talking “salesman” (pretending to be a corporate credit expert) hops up on stage and convinces you into buying his “super secret”, fast credit course for thousands of dollars.

Then like a hoodwinked jack ass you dive into the home study course and then run out trying to follow the steps in the course and build corporate business credit on your own…

By the way if you’ve fallen for that nonsense and tried building credit on your own, how’s that working out for you? (smile… yeah I’ve been there too)

You don’t have to tell me because in my early days I made that mistake myself and got absolutely no where just like you probably did. In fact, you may have even made your chances worse for ever getting business credit in the future.

Yes if you do the wrong things you can actually damage your credit files so badly it’ll take years for even a professional to get you corporate credit.

Don’t make that mistake. Hire a professional from the start and you won’t have that problem.

Corporate Business Credit Deadly Mistake #3: (drive too fast & you’ll end up in a ditch)  

The final nail in your corporate business credit coffin is trying to build your corporate credit too fast. Just like when you’re dating that hot new girlfriend, if you try to move too fast you won’t get anywhere.

You’ll be DEAD before you even get started.

Building solid corporate business credit takes time just like romancing a lady…

Stop believing all the fast credit talking gurus!

Banks are not stupid (they were smart enough to get all the bailout money) so what makes you think some guru can out smart them?

Believe me if you try to take short cuts and outsmart the banks before it’s all over the banks will show you who is smarter.

Shady tactics like “piggy backing” another person’s or another company’s credit file in order to prop up your Dun & Bradstreet credit score may have worked back in 2004 when banks were giving away credit lines to anyone with a pulse but…

NOT ANYMORE!!! (sorry, those days are long gone)

Banks are strict and tight these days and if you don’t have every single item in order they won’t give you enough corporate business credit to finance a pack of bubble gum!

It won’t happen “overnight” (anybody making claims like that is lying to you) but If you work with professionals who know how to build corporate business credit the RIGHT way, you can actually see results very quickly but it is a process that needs to be performed correctly.

* If you’d like to find out more about building corporate business credit correctly and quickly then give me a call (1.800.398.0850) or check out my other blog posts and my exclusive recommended corporate credit professionals below:

Corporate Business Credit

If you found this post helpful then feel free to Speak YOUR MIND!  Comment and tell me your thoughts…

“Always remember… “Rich People Send Their Money To Work So They Can Stay Home And Play!” Murry Thurman, A.K.A. “The Passive Income Genius®” Phone: 1(800) 398-0850