Why Your Business Address Matters

It matters for a lot of reasons. However, most are surprised to find your business address can actually affect your ability to get funding for your business. You always have to put your business mailing address on funding applications, right?

Your Business Address Can Affect Credit Decisions

Still, what most do not realize is that underwriters and credit providers actually take the business address into consideration when it comes to approval decisions. It’s not just about where your business is located.

For example, if your business mailing address is the same as your personal address, they are going to ask a few questions. It’s not necessarily a bad thing to use your home address, especially if it is a physical street address. But, be prepared for them to look deeper if this is the case.

What Works and What Doesn’t?

The really big issue is if your business address is a P.O. Box or something similar. A business mailing address needs to be a physical address, as in a real street address, where you can receive mail.

For most credit providers, a virtual business address can serve this purpose, though there are some that do not like a virtual office address. That’s something to consider before you choose to use a virtual mailing address.

It’s also important that your business address is consistently listed the same everywhere. It has to match exactly on all documents, right down to every last period and ampersand.

That’s one of many reasons it’s good to choose the right business address option in the beginning. The less you have to change it, the fewer chances there are for mistakes.

Let’s dig into this topic a little deeper.

How Do You Build Business Credit With a Business Mailing Address?

Your business address can affect your ability to build business credit. It starts with the business name, as of course that is a part of the business address. Make sure the name you pick does not indicate a risky business.

If you are in a business that some lenders consider to be risky, just leave that out of the name. Just name it “Bob’s” instead of “Bob’s Gas Station.” 

Also, the company has to be a corporation. This can be one of those red flags a home address can throw up. Many sole proprietors and partnerships use a home address, so they are likely to look more closely at your business entity.

Your business address is about more than location and getting postal mail. The right address adds credibility and separation of the business from the owner. These are things that lenders and credit providers take into consideration when it comes to extending business credit.

Why Can’t a PO Box or Mail Box from the UPS Store Work as a Physical Address?

While you can receive postal mail and packages at a local post office box or other similar address, it’s not enough. Just receiving mail doesn’t turn PO boxes into physical space. It’s got to be an actual physical address.

Some lenders and credit providers will disqualify you as soon as they see anything other than a real street address on an application.

Considerations When Using a Home Address for a Business Address

Of course your home address is a physical space that has a real street address. Your business can receive postal mail and packages there. However, here are some drawbacks to consider before you use your personal address as your business address.

For one thing, home based business owners that use their home address won’t be able to keep that address private. Of course, it isn’t hard to find someone’s address anyway. But, you should still take this into consideration if you are trying to decide whether to use your home address as your business address.

Furthermore, while a business owner might not often use their home office for anything more than work, there is always the chance that you may need to have a face to face meeting. A kitchen table probably won’t project much of a professional image.

There is a value to having a separate business address. Depending on the type of business, you are likely to have to move out of your home as you start to grow and expand anyway.

Can a Virtual Business Address Work?

It is possible to run a business out of your home, have an actual physical business address, and not use your home address. The solution is a virtual business address.

A virtual address for your business does count as an actual mailing address. When you use a virtual business address, you have access to a virtual mailbox. It is a real mailbox at a location other than the post office.

Virtual business addresses with access to a virtual mailbox can offer more benefits as well. For example, a virtual office address service may offer access to both work space and meeting spaces. This will avoid having to meet with clients or customers in your home.

Receiving packages and important documents in a virtual mailbox such as this may be more secure that having them delivered to your home as well. Not only is there usually someone there during the day, but some virtual address services have 24-hour security.

It’s also more secure and professional looking to have clients meet you in this type of space, even if it is a shared space in a virtual business address building, than to have them at your home.

In addition to mailbox services and workspace options, sometimes a virtual business address service will offer receptionist and message services. That means, if needed, you can have them take calls and messages for your business and pass them on to you.

Downsides to Using a Virtual Address as Your Business Address

One big issue is that a corporation or a limited liability company will need a registered agent. While fine for receiving business mail, virtual offices do not work well as a registered agent address.

In addition, there can (and often are) multiple business addresses on the same site with a virtual office address. Depending on how much mail you get there, you may find you need to chase down your business mail if it ends up in the wrong hands. This type of set up makes it super easy for the post office to make a mistake in delivery.

When it comes to funding, we know of at least one credit provider that will not accept a virtual business address. So, while in some cases the benefits outweigh the drawbacks, it is possible this type of mailing address could prevent you from getting funding in some cases.

Virtual Business Address Providers

Different areas have various options when it comes to a virtual business address. You’ll have to choose based on what is available that offers what you need. Do you just need to keep your home address private? Are you looking for office space to use to meet with business contacts? Do you want the option of having them forward mail to your home?

Here are three virtual office providers we love:

What is the Right Type of Business Address for Your Small Business?

The fact is, your business address is about more than a place to receive packages and other mail. It’s about more than the location of your business. The address listed as your business address can make a big difference when it comes to getting funding and building business credit.

Consistency is Key

Whether you are a new business or just have a new address for your business, make certain it is listed exactly the same everywhere. That means on every document, every piece of marketing material, your website, and all applications.

A Separate Physical Location is Best

If you have a business location that is separate from your home, use that address. That is the preferable option. If you have a home based business, virtual offices can work well in most cases, though there may be a few cases where a lender or credit provider will not accept it.

Your Home Address CAN Work in a Pinch

Using your home address can work as well, if you are not worried about privacy issues, do not need to hold meetings, and do not think you will outgrow the space.

A Post Office Box Is Not an Option

What is absolutely not an option is a P.O. box number or something similar. Though they are easy access and seem like an easy solution for home based businesses or new business without a location yet, and they work well for personal use, they are not an option for a business address if you ever intend to build business credit and access funding. 

The post Why Your Business Address Matters appeared first on Credit Suite.

The Disadvantages of Working from Home: 5 Things to Consider When Using Your Home Address for Your Business

Working from home has many advantages. One of the easiest ways to start a business is to start it from your own home.  It’s the most natural way to start for many.  Whether you are baking, woodworking, offering a service, or anything else, doing so out of your house has many advantages. What isn’t discussed as often are the disadvantages of working from home. 

5 Surprising Disadvantages of Working from Home

Most business owners just assume that if they are running their business from home, their home address and their business address will be one and the same.  That’s fine, but what if you decide to move out of your home?  Changing business address can cause issues. This is just one of many surprising disadvantages of working from home.

Disadvantages of Working from Home #1:  Your Home May Not Be Conducive to Productive Work

A home may not necessarily be well equipped to handle working. You need a workspace that will help you be productive.  This will be different for everyone.  But, consider that you at least need a room with a door you can close.  Drawing boundaries between home life and work life can be hard.

Learn more here and get started with building business credit with your company’s EIN and not your SSN.

Managing time can be harder when working from home as well. It can be easy to work all day when you are at home, or not work enough due to “home” distractions. It’s hard to get people to respect your time and boundaries. Also, isolation and depression are not uncommon. 

Disadvantages of Working from Home #2: You May Not Be Allowed to Run Your Business From Your Home

In some situations, you may not be allowed to run your business from your home. If you rent, you will need to check your lease to make sure there are no issues. Whether you rent or own, you need to check zoning requirements. Also, agencies like the Health Department and the FDA have guidelines related to running certain types of businesses from your home. 

Disadvantages of Working from Home #3: Home Address on Public Record

Many people worry about their home address as their business address.  They feel it is unsafe, so they turn to a PO Box or an UPS Box. However, that can make it difficult to get funding.  Lenders require a physical address.  

This is a unique disadvantage of home-based businesses.  Even home based businesses need funding for a number of things: 

  • Supplies
  • Inventory
  • Equipment (for jewelry making, woodworking, computer/ office equipment, etc.)
  • Even working capital

One option is to use a virtual address.  Be aware however, that some lenders will not accept those either.  The truth is, if someone wants to find your home address, it’s easy enough regardless of whether you use it as your business address or not.  In the end, to get funding for your business you are going to need to use a physical business address where you an receive mail.

Learn more here and get started with building business credit with your company’s EIN and not your SSN.

Disadvantages of Working from Home #4: Changing Your Business Address Later Can Cause Problems

You may think you can get by with using your personal address now, and just change it later. That’s not a good idea. If you think about it, your business address goes everywhere.  For example: 

  • All legal documents
  • Licences
  • Marketing materials
  • Your website
  • Insurance papers
  • Everywhere!

The longer you wait, the more places you will have to remember to change it. It is a bigger deal than you may think if you miss one. If lenders start looking into your business and see your business address is listed differently in different places, it can cause unnecessary issues. It brings up fraud concerns. 

A bank will not take the time to try to figure out all the different ways a business may be listed. Even something as simple as using Street vs St, or using an ampersand in one spot and the word “and” in another can cause issues. So you can imagine using your home address in one spot and a separate business address in another will definitely cause problems. 

That doesn’t mean that if you move your business out of your home you have to keep your home address.  Just be aware that you will need to make sure the address is changed everywhere.  

Disadvantages of Working from Home #5: Legal Issues

There are a number of legal considerations that you have to think about when it comes to running a home based business. For example, even if zoning laws allow you to run your business from your home. You need to check out what requirements those laws lay out. Some cities have regulations regarding foot traffic. Some even regulate yard sign use for advertising. And if you have an Homeowners Association (HOA) you may need their permission as well.

Learn more here and get started with building business credit with your company’s EIN and not your SSN.

Some cities limit the number of employees a home based business can have. Some even regulate the number of customers that can come to your door. You’ll need to check with your local city officials to determine what if any regulations apply to you. And figure out what licences and permits you need to operate.

Consider the tax issues as well. While you can deduct some expenses when it comes to home-based businesses, it can get complicated. You need to make sure you thoroughly understand the home business deduction on the front end and plan accordingly. 

Insurance needs to be considered as well. If you have employees or customers coming in and out, you need to think about what would happen if they were injured. Will homeowners’ insurance cover it? Often you will need to purchase a separate policy or a rider. All insurance needs to be in place on the front end.  Be sure it has the proper business address on it!

Avoid Many Disadvantages of Working From Home 

Nothing is perfect. Running a business from your home is no different. However, you can avoid many of the disadvantages of working from home by building fundability from the beginning.  Not only will it help with legal issues, but it makes a bigger difference than you may think when it comes to funding.  

The best way to start building fundability, whether you own a home-based business or run a business from a different location, is to work with a business credit expert. Contact us today for a free consultation.

The post The Disadvantages of Working from Home: 5 Things to Consider When Using Your Home Address for Your Business appeared first on Credit Suite.

Virtual Business Address

What is a Virtual Business Address, and Can it Help with Fundability?

A virtual business address is when you pay for a separate address for your company. But, for the most part, you don’t do business there.

Business Credit

Business credit is credit in the name of a business. Correctly built, it doesn’t have anything to do with its owner’s personal credit. With business credit, a business owner can get:

  • Vendor credit cards
  • High-limit accounts with most major retailers
  • Fleet credit
  • Cash credit including Visa and MasterCard

You can get approval for business credit accounts regardless of personal credit quality. When you build business credit the right way, there is no personal credit pull. Building business credit depends on payment history more than anything else.

Learn more here and get started with building business credit with your company’s EIN and not your SSN.

Fundability

Fundability is the ability of a business to be funded. This means, in essence, a business’s chances of getting money. This is money from lenders and credit providers. Building fundability goes hand in hand – and starts – the process of business credit building.

Some fundability elements are impossible to control, like your time in business. But others can be controlled by the ownership. This includes your business address.

Building Strong Fundability

There are a few things you can do to help lenders see your business as one that is fundable. It all starts with how you set up your business. It has to be set up in a very specific way to build fundability. Each step is vital, and if you miss one, it could do more harm that you may think.

Setting Up Your Business to Be Fundable to a Lender

The goal is to make your business a separate, stand alone, fundable entity apart from the owner, and to remove any doubts that it might not be. First, your business has to have separate contact information. This includes a business phone number, address, and email address.

Incorporating

Your business won’t be a separate legal entity from you unless you incorporate. Corporations need to have addresses, and it’s best for your corporation’s address to be in the same state where it’s incorporated. This is better for fundability.

Your Business Address

Your business address is one of the first elements of fundability you should be setting up. Why? Because a lot of the subsequent paperwork you’ll need to fill out will call for your business address. This paperwork is everything from your EIN application to applying for business licenses.

You want all of your business’s paperwork to be right. So if you don’t have a separate address from the very start, you’re only going to have to change it later. And that means everywhere!

Getting a Separate Business Address

Just like a business phone number, your address will go on marketing materials, loan applications, and more. A residential address for a retail establishment can potentially get it flagged as un-established. The same is true if you use a UPS box or PO box. You need a brick and mortar address.

It has to be a place where mail can be delivered. Lenders, credit providers and more will check out your business on Google Street View. If they spot it’s a residential address, then a retail business could be inviting denials. And there’s no good reason to do so!

Learn more here and get started with building business credit with your company’s EIN and not your SSN.

Using a Virtual Business Address as a Separate Business Address

A virtual office is a great solution. It’s far less expensive than renting office space. Here are three virtual office providers we love:

  • Alliance
  • Da Vinci
  • Regus

What is a Virtual Business Office?

According to Wikipedia: “A virtual office is part of the flexible workspace industry that provides businesses with any combination of services, space and/or technology, without those businesses bearing the capital expenses of owning or leasing a traditional office.”

You can often get a great city address. There can be workspaces if you need to use them. And you might get access to conference rooms. Some plans include receptionists. A small business does not have to look small.

Get a Virtual Business Address with Regus

Regus offers:

    • Meeting rooms
    • Drop-in business lounges where you can work if you have a long layover during travel
    • A membership plan
    • Mail forwarding and handling

Options from Regus include furnished offices with high-speed internet. These can be co-working spaces or window offices or interior. Call for pricing on office suites. Co-working spaces cost the least.

They have a presence around the world. Their more popular non-US locations are in several European countries. Costs vary.

Get a Virtual Business Address from Alliance

Alliance offers:

    • A live receptionist
    • Meeting rooms
    • An office address
    • Optional mail forwarding
    • Local or toll-free business number
    • Unlimited local and long distancing calling
    • Voicemail by email, custom greetings, an online control panel, etc.

They have a presence around the world. Their more popular non-US locations are in Mexico, the UAE, the UK, and the Netherlands. Costs for Alliance will run from $125 to $500.

Learn more here and get started with building business credit with your company’s EIN and not your SSN.

Consider a Virtual Business Address through Davinci

Davinci offers:

    • Live receptionists for hire
    • Live web chat services
    • Meeting rooms
    • Event spaces
    • An office address

They have a presence around the world. Their more popular non-US locations are in Mexico, countries in Europe, South Korea, Hong Kong, Japan, and Brazil. Costs for Davinci addresses will vary.

What if Your Area Doesn’t Have Alliance, Regus, or Davinci Where You Can Get a Virtual Business Address?

You may need to improvise. Consider talking with local business owners. Find out what they do. Perhaps there are shared spaces. Or your fellow local business owners may even be interested in going in with you on a shared space. Will never, ever hurt to ask.

It might be fruitful to talk to local computer user groups too. Or you can consider going out of state if you are near a border. For example, Alexandria, Virginia and Baltimore, Maryland are less than 50 miles from each other. So in some cases you may have more options, just by looking past the border.

Fundability Also Means Consistency in Business Information and Fraud Concerns

When addresses do not match, business credit providers and lenders will interpret that to be fraud. Unfortunately, this is regardless of your personal ethics or intentions.

Think about phone numbers, addresses, and even your business email address. Has your business address changed, or have you opened a new location?

You have to make certain any new addresses are listed on all documents. This includes:

    • Insurance papers
    • Business licenses
    • Fictitious business name documents (if your business is a DBA)
    • Incorporation papers
    • Everything!

This is the case whether your business address is virtual or not.

Your Virtual Business Address: Takeaways

A separate business address is ultimately more professional. It’s also more fundable, giving lenders and credit providers a more positive feeling that your business will be able to pay its debts. In turn, that means it’s more likely that you’ll get loans and credit.

The post Virtual Business Address appeared first on Credit Suite.

Starting Business Credit – Why Your Business Address Matters

Did you know that your business address matters when it comes to starting business credit?  Your address matters. And there are other things that can make a difference. Here’s how you can start off on the right foot when it comes to business credit. Your Business Address, and  5 Other Things You Didn’t Know Make … Continue reading Starting Business Credit – Why Your Business Address Matters

Starting Business Credit – Why Your Business Address Matters

Did you know that your business address matters when it comes to starting business credit?  Your address matters. And there are other things that can make a difference. Here’s how you can start off on the right foot when it comes to business credit.

Your Business Address, and  5 Other Things You Didn’t Know Make a Difference When Starting Business Credit

When you first start a business, you may not be thinking about anything other than how to pay for it  and how to get customers. Many businesses start small from home. They operate in either an extremely intimate area, or they work mostly online.  Social media-based businesses have exploded in recent years. 

That being the case, new business owners often simply use their home address as their business address.  It’s the easiest thing to do, and makes sense after all. I mean, if you are running your business out of your house, why wouldn’t you use your home address? 

What frustrates you the most about funding your business? Check out how our free guide can help

Looking into the future however, you are going to need to build business credit.  For that, your business needs its own address, separate from your personal address. 

Why Is Starting Business Credit Important? 

If you have great personal credit, business credit probably never even crossed your mind.  You just figure you can get all the funding you need based on the merits of your personal credit score. If your personal score isn’t the best, you may have explored other options and realize that business credit is a thing. 

Here is what you may not know, either way.  You cannot just apply for credit in your business name and assume that any credit you get is business credit.  Unless you set up your business in a very specific way and follow a very intentional process, those accounts are going to report to your personal credit.  This is true even if you apply with your business name. 

Why does this matter?  There are a few reasons actually.  First, personal credit simply cannot handle the spending necessary to run a business.  You will either exceed your limits continually or consistently hover near them. Even if you pay off your cards each month, staying near limits can affect your score negatively.  It results in a high debt-to-credit ratio, and that will cause your personal score to drop.

Conversely, cards obtained on the merits of your business credit will usually have higher limits.  That means more spending power. Not only that, but if there is and issue with your business debt, your personal credit will be protected because those accounts will not be on your personal credit report.

How to Get a Business Address

Now that you know why you need business credit, you need to know how to get it.  Like I said, there is more to it than just applying for credit using your business name.  Your business has to be set up a certain way. You also have to be intentional about getting accounts that report to business credit rather than personal credit.

For your business to be set up in a way that is conducive to building business credit, it needs to be easily recognizable as a fundable entity separate from the owner.  One of the first steps toward accomplishing that is for the business to have an address different than the owner’s personal address.

The question that most business owners ask about this is, how do you get a business address that isn’t your home address if your business is in your house?  Well, the obvious first option is to get a P.O. Box. That works for some things, but some lenders want to see a physical address. 

Of course, if you are running a business online or from your home, you are wondering how you can do that.  The answer is a virtual office.

What frustrates you the most about funding your business? Check out how our free guide can help

What is a Virtual Office and How Does it Work?

According to Investopedia, “A virtual office gives businesses a physical address and office-related services without the overhead of a long lease and administrative staff. With a virtual office, employees can work from anywhere but still have things like a mailing address, phone answering services, meeting rooms, and videoconferencing.”  

Basically, virtual offices operate as a single unit.  Sometimes there is a physical location that has meeting rooms and such available as needed. However, more often it is operated solely online with a physical mailing address and other services you can use, as mentioned above. These services are ideal for those that need a physical address but do not need an actual office. 

3 Stellar Options for Virtual Offices

If You think a virtual office space is best for your business, here are three top options to help get you started. 

Davinci

Davinci offers a prime business address with options to hire a receptionist, book meeting space, and live chat.  Prices are variable. Call for a quote or go here to learn more. 

Alliance Virtual Offices

Alliance offers a physical address, office space, mail services, and phone answering services starting at $125.  Go here to learn more. 

Regus

In addition to virtual office services, Regus has options for meeting rooms and more.  Find out more here. 

What Else Matters: 5 Other Things You Didn’t Know Make a different When Starting Business Credit

Separating your business from yourself for the purpose of starting business credit takes more than having a separate business address. Here are some other steps that you must take to make your business appear fundable on its own to lenders. 

Startup Biz Credit Suite

You Need a Business Phone Number Before Starting Business Credit

This is for pretty much the same reason that you need a business address that is different from your own.  Your address and phone number are both identifying factors that point back to your personal credit report. If you associate them with your business, you run the risk of business accounts reporting on personal credit. 

Your business phone number should be toll-free, and it needs to be listed in the business directories.  You can handle this at: http://www.listyourself.net/ListYourself/

You Need a Professional Business Website Before Starting Business Credit

Think about it.  In today’s world, if you aren’t online do you really even exist?  The first place anyone looks for anything is online. Having a business website is a must.  You can’t just throw something together though. It is essential that the website be user friendly and well put together.  It is almost always worth it to pay a professional to handle this. Oh, and don’t use a free hosting service. That does not look professional.  Pay for hosting through a service like GoDaddy.

You Need a Dedicated Business Email Address Before Starting Business Credit 

This goes along with the other separate business contact information.  Don’t use your personal email address as your business email. Also, make sure your business email has the same URL as your website.  A free email service such as Yahoo or Gmail will not serve you as well. 

Your Business Needs to Formally Incorporate Before Building Business Credit

If you operate as a sole proprietor or a partnership, there will never be enough separation between you and your business to build separate business credit.  You need to formally incorporate as either a corporation, an S-corp, or an LLC. Here is a little more information about each of these options.

Corporation

 This is the most expensive option, but it also offers the most protection from liability. There is a double taxation caveat with this option that is a turn off for most. Owners pay tax at both the business level and the shareholder level. In some cases, this is the best option anyway. 

 S-Corp

 S-Corps are very similar to corporations, but double taxation isn’t an issue. There are also limits on the number of shareholders allowed among other restrictions set forth by the IRS. 

 LLC

 An LLC, or a limited liability corporation, is the least expensive option. It still offers some liability protection, and has fewer restrictions than an S-corp. 

Each of these options serves the purpose of further separating the business from the owner when you are looking to start a business credit profile. The option you choose should be the one that best suits your needs for tax purposes. 

You Need a Business Bank Account to Start Business Credit Building

Another common practice of small business owners is to use their personal bank account for business funds.  While in the beginning this seems like the best option simply because it is easy, it further mingles your personal information with your business information.  Not only that, but it makes separating business expenses from personal expenses at tax time very hard. 

You need a separate business account.  When it comes to starting business credit, this helps in two ways.  First, it helps to separate the business from the owner. Also, so lenders want to see a certain balance in a business bank account before approving credit.  

Other Things You Need to Know Before Starting Business Credit

In addition to the things mentioned above, there are a few other steps you need to take to set up your business for starting business credit. 

The EIN Wins in the Battle of EIN vs. SSN When Starting Business Credit

And EIN is the business equivalent of a social security number. If you use your SSN to apply for credit for your business, your personal credit will get involved. By using a unique identification number specifically for the business, you ensure that your business is separate from your SSN. You can get an EIN for free here

You Have to Have a D-U-N-S Number to Have Business Credit

Here’s why.  Dun & Bradstreet is the largest and most commonly used business credit reporting agency.  If you do no have a D-U-N-S number, you cannot have a business credit file with them. You definitely need a business credit profile with D & B.

Choose Creditors that Work with the SBFE

The SBFE is a not-for-profit entity that gathers data on small businesses from its members. The data is then used to compile comprehensive credit information. Lenders that are SBFE members have access to this information.  They use this information to make credit decisions.

The Small Business Finance Exchange does not lend money. It also does not create or distribute credit reports. What is does do is collect information from lender members on their borrowers.  That information is then passed to D&B and Equifax. This means if you are doing business with SBFE members, you know your credit information is being reported, at least to those lenders that are members of the SBFE. Find out more about the SBFE here. 

What frustrates you the most about funding your business? Check out how our free guide can help. 

Other Ways to Get Accounts Reporting To Your Business Credit Report

Once you have your business set up properly, you can start to build business credit.  If you do not already have strong business credit, you will have to start at the bottom credit tier, known as the vendor credit tier.  These are starter vendors that will offer net terms on invoices without checking your credit. Then they will report your payments to the credit reporting agencies.   However, they will often want to see an EIN, business bank account, or a listing in the business directories along with a certain amount of time in business or annual revenue.  This is just one reason why setting up your business properly is so important. 

After you get a few of these accounts reporting, you can apply for credit in the next tier, which is the retail credit tier.  These are cards that you can only use in the stores that issue them, like a Best Buy card or an Office Depot card.  

Once you have several of these accounts reporting positive payment history, you can apply for cards in the fleet credit tier.  Those are cards from companies like Shell or Fuelman that can only be used for fuel and auto repair and maintenance.  

Get enough cards from the fleet credit tier, and you can move on up to the cash credit tier.  These are the cards that do not have limits on where you can use them or what types of expenses you can use them to pay.  This is the top tier, and once you hit it you will see your business credit score start to grow like a snowball rolling downhill.  That is, of course, if you handle your credit responsibly.

Not Having a Business Address can Kill Your Chances of Starting Business Credit 

There is so much more to getting business credit than having a separate business address.  However, if you have everything you need and you do not have a business address, that lack could definitely throw a kink in the process. Remember, you don’t have to have a separate location, just a separate address. Then make sure everything else is set up to separate your business from yourself.  After that, you can start building strong business credit. The funding you need to run and grow your business will be right there when you need it.  

 

The post Starting Business Credit – Why Your Business Address Matters appeared first on Credit Suite.