As a business owner, you no doubt realize how important it is to have good business credit. Good credit allows you to improve your business by purchasing necessary equipment and can be a lifesaver in the event of an emergency.
In addition, having an incomplete credit profile with Dun & Bradstreet, or not having a business credit file at all, can make your small business look unstable even if it’s financially sound. The appearance of instability can ultimately hurt your business in lost sales and revenues.
Having a true business credit card (a card in the name of the business) can be a key component to the success of your venture.
Some companies offer business credit cards that are in actuality cards with the business name on it but are guaranteed by another party, namely the business owner. In these cases, companies will ask for a personal social security number from the person who’s applying for the card. These types of business cards aren’t really business cards at all; they’re just personal credit cards in the name of the business.
The problem with these types of business credit cards is that your personal credit history factors into the credit rating of your business, and vice-versa. With these cards, the business owner can be held liable for the bills and debts incurred by the business.
The Initial Underwriting Group (IUG) is a company that specializes in securing business credit and financing based on business credit as opposed to personal credit.
The primary advantage of consulting with Initial Underwriting Group is that business owners can rely on the good credit they’ve established with their business to obtain small business loans and business credit cards.
Consulting with IUG is simple; you can use their easy online application, which will determine whether IUG is a good match for your needs or not. The application process is free and companies only pay an upfront fee to cover administrative costs should they decide to join IUG as a client.
Once you become a client of Initial Underwriting Group, you can usually expect to get the financing you need in about 3 to 6 months, which is generally how long it takes to build a Paydex score above 75.
If you’d like more information about Initial Underwriting Group, would like to apply or just want to read the testimonials from other clients, visit them online at www.initialunderwriting.org.
Additional Resources
Initial Underwriting Group :: Home Page
Initial Underwriting Group :: Article on Uploads.biz
Initial Underwriting Group :: Listed on DownTownProfile.com
Initial Underwriting Group :: Information on 1HRO.com
Initial Underwriting Group :: Article on CorporationReview
Initial Underwriting Group :: Article on DTProfile.com