Corporate Credit allows businesses credit without personal credit

5 Ways to Build Corporate Credit

There are several reasons why you might want to build corporate credit, but the major one is corporate credit allows you to get loans and other forms of funding without having to use your personal credit. When corporation owners use their personal credit to secure funding or equipment, the lines between personal liability and business liability blur.

Corporate Credit

This means that if the business can’t make the payments, the individual must still find a way to pay the debt, or it may negatively affect his or her credit report and score. With this in mind, here are a few ways you can build corporate credit.
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