Business Credit Builder Services - What to Look For

Building business credit is a must in today's economy. Let me ask you this question; how do you financially check out a company (if they are private)? Can you call the IRS and get their last three years tax returns? No. Can you call the bank and pull their last three months of bank statements? No. But you can spend $40 -$130 at Dun & Bradstreet®and pull a business credit report on your next vendor, joint venture partner, supplier or customer and check them out first.

That also means someone can do the same to your company. Did you ever consider that? Could you be losing customers, clients and opportunities because you appear financially naked with your competition? Meaning, why not invest $40 and pull your own report and see what others see? What message are you sending? Do you have any report at all? Most companies may not or may have very little reported.

Now, you realize even more that it is critical to develop your business credit profile with D&B®, Corporate Experian®and Business Equifax®...with vendor and trade lines of credit. That will put your business in a better position to qualify for cash lines of credit down the road.

With all that being said, what do you look for when it comes finding a company that builds business credit? Like any industry, there are exaggerations all over the place and in this economy you can only imagine how a company that "claims to build business credit" can easily prey on struggling small business owners who are desperate for a solution.

Here is a list of criteria to use before you invest any money with a business credit builder program (most will apply to almost any service):

Another tip. Stay away from government grants in general unless you are nonprofit. I have interviewed a dozen sales people over the last year in Las Vegas and those who have worked for the big grant writing companies based in Las Vegas. Every sales person I ask, how many clients actually got grants? Usually the answer is zero or 1 when the company they worked for had over 100 sales reps and no one was getting results. One sales person even admitted the company he worked for did not even submit the grants. Isn't that brutal? That really frustrates me that these companies are around, but they are. You may know a grant company that is an exception to the rule, if you do, let me know.

In summary, use these criteria to plan to get on a great business credit builder program soon to help your business obtain more customers, clients and business by having a strong financial foundation when your company is checked out (even when you do not know about it)!

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