Press Release Summary = BusinessFinance.com announces a tool that allows business
owners to know the approval requirements for obtaining vendor lines of credit before
they apply.
Eighty percent (80%) of all financing in the United States is done business to
business or by vendor financing. Vendor lines of credit are not for cash, but
rather for products and services that every business needs.
What business owners don’t know is that there are over 500,000 vendors that extend
credit in the United States, but only 6,100 the are reporting business credit
payment histories to the three main business credit agencies. “Businesses must have
vendor lines of credit not only for the things their business needs but also to help build good business credit scores” says Corey Pierce, Founder of
BusinessFinance.com. ”To establish good business credit scores, businesses must
have five vendor lines of credit that are all reporting” says Pierce.
The Business Finance Coach shows business owners exactly which vendor lines of
credit they qualify for and which ones are reporting to the business credit
agencies. The Coach also shows business owners which business credit cards they
qualify for and how to obtain a bank loan, all of which will report and help build
good business credit scores.
In addition to providing detailed information about vendor lines of credit, the
Business Finance Coach instructs businesses on 20 other items that every business
must complete prior to submitting any business loan applications. More information
about the Business Finance Coach can be found at www.businessfinancecoach.com.
To complement the Business Finance Coach, BusinessFinance.com features the
Internet’s largest Business Funding Directory. The directory has 4,383 sources of
business capital. Business owners can search it for free and match their capital
needs to the approval criteria of those funding sources.
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Web Site = http://www.businessfinance.com
Contact Details = BusinessFinance.com
26741 Portola Parkway, Suite 437
Foothill Ranch, CA 92610
www.businessfinance.com
1-866-892-9295
2010
