Business Credit
Get insights on leveraging business credit to finance a small business and building business credit during Covid-19.
What is business credit and why do you need it?
Think of business credit as a measurement of the financial reputation of your business that includes all the financial history of your business. Business credit works like personal credit in the sense that your business needs to be trusted with how it manages money. The better your business credit, the easier it is to obtain business loans, which can be used to help grow your business, hire more employees, upgrade your technology, etc.
Watch a replay of the digital workshop.
FEATURED CLIP
Lesson 1
Business credit defined.
FEATURED CLIP
Lesson 2
How to establish business credit.
FEATURED CLIP
Lesson 3
Banks and credit institutions.
More resources to help your business get ahead.
SPOTLIGHT SERIES
How Vermont Slauson Economic Development Corporation (VSEDC) is leading the revitalization of South Central LA.
VSEDC is a community based non-profit that mobilizes dollars from the private sector and all levels of government to provide financial resources to small businesses in their community. See how VSEDC became a pillar within South Central Los Angeles, by providing access to business credit and business education to local businesses.
5 personal credit hacks to boost your business credit score.
Obtaining business credit can open endless doors for business owners. Here are five actionable steps to improve both your business and personal credit.
How to build small business credit: a checklist.
Sometimes your business won’t have access to credit right away. To avoid relying on loans or investments, it’s important to take steps to establish a strong credit profile.
Step by step guide to establishing business credit.
Obtaining business credit enables you to access the capital needed for daily expenses, personnel, inventory, and more that contribute to the likelihood of your small business success. Download this checklist from George Acheampong, Founder of Capitalwize LLC, for helpful tips to access business credit.
Expanding your customer base to build a credit friendly business.
Sometimes your business won’t have access to credit right away. So, you need to identify strategies to structure your business in a way that allows you to diversify revenue opportunities—alleviating reliance on outside credit, loans or investments.
T-Mobile does not offer or endorse any tax, legal, financial, or other advice; the opinions, insights, and recommendations of our contributors are their own. Contact professional advisors for advice.
About the workshop expert.
George Acheampong
Co-founder of Capitalwize LLC
George Acheampong is a prominent thought leader in the area of finance and entrepreneurship. He is the founder and managing partner of Capitalwize, LLC, a financial planning and investment management firm that works with aspiring and current first-generation wealth builders to become legacy leavers for their family.
He is also the founder of Melanin Money, the #1 brand for wealth builders of color. Melanin Money creates merchandise, targeted initiatives, and programming with a mission of closing the wealth gap by 10%.
T-Mobile does not offer or endorse any tax, legal, financial, or other advice; the opinions, insights, and recommendations of our contributors are their own. Contact professional advisors for advice.
The Magenta Edge educational content experience is an initiative to help small business owners get ahead.
These eight foundational themes cover the ins and outs of the small business journey and provide resources to help you set the pace for your success.
Marketing & Communications
Find out how to market your small business through smart targeting and storytelling.
Access & Resources
Insight on local and federal resources available to aspiring small business owners.
Profit, Scalability, & Growth
Learn about driving a business to profitability, scaling up, and identifying growth opportunities.
Navigating Barriers
Acknowledging and addressing systemic barriers black business owners may face in entrepreneurship.
Business
Credit
Insights on leveraging business credit to finance a small business and building business credit during Covid-19.
T-Mobile does not offer or endorse any tax, legal, financial, or other advice; the opinions, insights, and recommendations of our contributors are their own. Contact professional advisors for advice.