The Importance of Establishing Business Credit - Anthony Punzone


A lot of business owners are utilizing their personal credit to finance the expansion, launch, or development of their business. However, a mainstream of business owners doesn’t have an idea what business is or how to establish it. Fortunately, Anthony Punzone affords his services in times like this. By following some simple and easy steps, any business owner is able to establish business credit so, separating their personal credit from the business credit.

If owners of businesses utilize personal credit cards to compensate for business expenses and costs, the debt of the business reports back to their personal credit report lowers their scores due to business credits affecting their personal debt to income ratio.


To assist owners of a business from harming their personal credit, each business owner must follow the simple and straightforward steps of establishing business credit. By establishing business credit, the debt of the company will report to the business credit file and not the personal credit file. All of these assist build a strong business credit file; therefore, loans of credit will not need the business owner to sign a personal guarantee.

Here are some reasons why each business owner must establish business credit:

·         Establish Creditability: You cannot look forward to walking into a bank and request for a loan without business credit. By establishing a good business credit profile, you can secure financing needs of your business or company.

·         When your business should fail, you would still be legally accountable if you utilized your personal credit to finance the business.

·         Saving Money: That is right; business credit rates are usually lower than a personal credit rate. Some percentage points in interest mean thousands of dollars in due course.

·         Float the Business Through Hard Times: Even if the whole thing makes going great currently, you never know when the company will take a turn for the worse or if economic times may change. By establishing your business credit, you’ll be ready for downtime.

There is a lot of reason why you must establish business credit. There is a saying that goes like this, keep business expenses separate from personal costs. To set up the business properly, you need to work with Anthony Punzone.


Location: New York, NY, USA

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