Many entrepreneurs as well as established business owners use their personal credit to finance their businesses. If not applied properly, this legitimate strategy can lead to loan application refusals because of high utilization and frequent inquiries.
It’s very important for every business owner to establish both personal and business credit, and keep them separate. As your business credit grows, you can transfer cash to your personal credit cards and lower those balances, thus improving your overall credit profile.
I provide a free credit analysis that results in a detailed plan to build your personal and business credit. Book an appointment and start the journey to economic independence.