Thursday, October 17, 2013

How Your Credit Affects Your Company


Securing investors or loans can be a struggle for small businesses, especially if they are relying on their personal credit rather than relying on their business credit profile. Using a personal bank account as the funding for a business is risky. If your business struggles financially, then your personal finances will be tied up in the struggle, and you risk lowering your personal credit score. For this reason, experts tend to advise to keep business and personal accounts separate, and to focus on building up your business' credit profile on its own. Business and personal credit is different, but repairing a credit score tends to work the same way. Focus on keeping your business and personal credit strong, and keeping accounts separate. If you have any questions about credit, please contact us!
 



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Kernersville, NC 27284
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