Get insights on leveraging business credit to finance a small business and building business credit during Covid-19.
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.
Join George Acheampong, founder and managing partner of Capitalwize LLC, as he walks you through exactly what business credit is, how to establish it for your business and what institutions offer programs for access and support.
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.
Obtaining business credit can open endless doors for business owners. Here are five actionable steps to improve both your business and personal 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.
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.
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%.
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.