Posts Tagged ‘Business Credit’

How does a small business get its credit rated?

Tuesday, August 25th, 2009
xxroxy1616 asked:


I am interested in purchasing my friends resturant to help him get out of debt. He had it incorporated. So I will be owning my own corporation. How do banks and lenders view you as far as credit wise? Is it linked to my personal credit rating or do I get a separate rating for the business(corporation)? Please help before I make a big mistake. I appreciate any and all answers!

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What category does a credit card loan go to when the debit is for equipment for your business?

Friday, August 14th, 2009
queen_kat779 asked:


Will my credit card be under a cost of goods account, expense account, loan or what? The equipment had already been paid in full by the credit card, now we are paying the credit card off. Should I name the credit card as a vendor?

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What is the best credit card for a small business?

Tuesday, August 11th, 2009
Janie asked:


The Advanta Credit Card seems to be given the highest rating for this purpose but I read a few user reviews who claimed that there were a number of issues with this card. If you have any experience with this card, or any recommendations for any others, please share!

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