(EMAILWIRE.COM, April 06, 2009 ) Livonia, MI -- Mark Maupin, a former real estate investor and now a Community College professor, met with Susan Carter, an accountant with 25 years experience in the business world. Susan met with Mark to talk about the subject of building business credit when she heard that he was teaching an internet marketing class for entrepreneurs. They both understand that the need is great for building business credit in order to fund their businesses.

Susan started out by discussing that building business credit is the first step to removing the need for a personal guarantee. Building business credit is just good business practice. The process is very similar to building your personal credit, but the most important point is that you must keep your business credit separate from your personal credit.

It’s always a good idea to make sure your personal credit is in good standing. Susan recommended that you spend the necessary time and money to repair it while you are building your business credit. Plus, by keeping your personal credit separate from your business credit, you can start to grow the creditworthiness of your company without having it impact your personal FICO scores. The reverse is also true, if your business starts to struggle or fail, the drop in creditworthiness will not be reported to the major credit bureaus Trans Union, Equifax, and Experian.

Mark reiterated that creditors don't want to lend money to businesses in need of it, so it’s important to start building your business credit profile today. You can save a lot of money by doing so because your good business credit will mean lower interest rates on business loans. Also, building business credit is a great option for getting money to start your small (or large) business as well. Most businesses want to be able to borrow money when they need it, without the owners having to guarantee the loans personally. Finding the money for your business can be difficult unless you know the process.

When it comes to business loans, you want to eliminate personal guarantees that you use for your business. You can learn to quickly and easily establish a strong business credit rating and get loans for your business without using your personal credit even if your personal credit is bad or you had prior business bankruptcy. Most businesses want to be able to borrow money or get business loans or lines of credit when they need it, without the owners having to give personal guarantee for the loans. The mistake countless business owners make is using their personal information to apply for business credit, leases and loans.

Establishing and building business credit is the only way to get financing with no personal credit checks and no personal guarantees. Avoid the mistakes that prevent most businesses from successfully receiving credit and financing. Many successful businesses are turned down for financing because they haven't taken the time to set up the business credit or business structure properly.

Both Mark and Susan recommend to their customers and students that they take the time to educate themselves and learn about the business credit bureaus (Dun & Bradstreet, Business Experian, and Business Equifax). Understanding how their reporting systems work allows you to plug into it and get the most benefit from them.

Susan concluded their conversation by pointing out that there are specific steps to building business credit and stating how important it is for someone to establish their business credit correctly. Business credit is the most sought after wealth building tool known today. It is simply a picture of how a business handles its financial obligations with its suppliers and vendors, showing not only the company's “ability” to pay, but also its “willingness” to pay. Therefore, the time for building business credit is before you need to use it.

Her new eBook is now on the market. It reveals all the basic secrets to building business credit. This exceptional, easy to follow, document provides all the important steps and processes that anyone will need to help their business get the money it needs, without personal guarantees. It’s called “Basics of Business Credit”.

As an added bonus, for a limited time, if you purchase her new eBook, you will receive a Free Credit Restoration Guide for improving your personal credit. It includes over a dozen sample letters that can be sent to the credit bureaus, collection agencies, or businesses that are reporting negative comments on you. Find out more about this exceptional new product by going to http://www.susansbooks.com.

Contact:

Susan Carter
Start With the Basics, LLC
P.O. Box 71481
Madison Heights, MI 48071
(248) 399-7808
Email: susan@susansbooks.com

This press release was submitted by Right Now Marketing Group, LLC

Contact Information:
Start with the Basics, LLC
Susan Carter
Tel: (248) 399-7808
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