FOR:
How to Build Business Credit & How to Access the Online Platforms That Track Business Credit presented by Lloyd-Trent Sampson, The Commercial Bank, Vice President, Comerica Bank.
HOW IMPORTANT IS BUSINESS CREDIT?
With a strong business credit standing, you can create a safety net for your business. Solid business credit can support owners in obtaining capital needed to expand, support day-to-day expenses, inventory purchases, hire staff, and conserve on-hand cash.
The Nav American Dream Gap Survey, revealed of small business owners surveyed, 45% did not know they have a business credit score, 72% did not know where to find information on their business credit score and 82% didn’t know how to interpret their score.
Do these statistics represent you?
“There is a disconnect in the market that is extremely detrimental to small business owners,” said Levi King, Nav co-founder and CEO. “We’re seeing a trend toward laser focus on more paths for access to capital, but this isn’t addressing the root issue. The baseline availability of credit is only valuable if small businesses can access it and secure good interest rates and terms. Managing creditworthiness is vital to success here, and no one’s addressing it.” https://www.nav.com/blog/half-smb-dont-know-business-credit-scores-exist-1587/
VWEC is addressing the root issue with information you can immediately use to improve your ability to access capital!
Plan now, to kick off your new year with a clear understanding of your business credit standing.
1) What's your current score?
2) How to monitor changes and/or make corrections?
3) Strategies to improve your business credit; and ultimatey your ability to access needed capital?
Join our open NLBT MasterClass Session Wednesday, December 4th, at 1:30PM, for an indept discussion on business credit, led by Lloyd-Trent Sampson, The Commercial Bank, Vice President, Comerica Bank.
RSVP to angelakg@veteranwomensec.org to attend.
Comerica BusinessHQ, 5201 East RL Thornton Freeway, Dallas, TX 75223
