While working in the financial services and banking industries, we realized that many businesses didn't understand the difference between business and personal credit.

Personal Guarantee - "The Label Machine"

Some of us believe that we already have business credit due to the shiny letters on the major credit card displaying your company's name. This assumption couldn't be more wrong and further from the truth. Most business owners have major credit cards labeled with a business name, but the liability rests with the owner(s) personal credit. The card may be labeled as the business, but in most cases, the individual(s) or officers of the business personally guarantee the credit line.

Business Guarantee - "True Business Credit"

• True business credit is guaranteed by the business, not the owner
  
  
• There isn't a positive or negative effect on your personal credit score

Why is it important?

Business loans and other creditor expenses that are associated with your personal credit can leave you overextended and reduce or eliminate eligibility for the following:

• Low rate home mortgages
  
  
• Low rate auto loans
  
  
• Personal retail cards
  
  
• Payment options for home improvement

Just as a consumer would be concerned about their personal credit score when applying for a personal loan, small businesses must be aware of their business credit rating when applying for a business loan. This rating has influence on business loans, credit terms, insurance costs, lease rates and over all credibility of your business. THIS ULTIMATELY DICTATES HOW SLOW OR FAST YOUR BUSINESS GROWS.

All too often, most entrepreneurs embark on their dream of starting their new business venture with their own personal capital. Operating a business on personal capital leaves you vulnerable to a substantial amount of risk. Some entrepreneurs don't even leave the starting blocks due to limited capital or an unfavorable personal credit score.

Our relationships with a number of credit and financial institutions offer a wide array of business credit options to our customers. Our credit partners understand the benefit of being a part of business growth. For Business Sake prevents you from committing business owner suicide. Typical instances include:

• Interfacing with creditors who only report negative payment history
  
  
• Jumping through hoops, wasting valuable time trying to build business credit without professional help
  
  
• Deciding not to establish business credit

Our program guides you through these potential pitfalls with ease. We are experienced and have the wherewithal to complete our tasks. For Business Sake's customers are given the opportunity to begin building their business credit which essentially opens doors for future business growth. Our service also gives business owners the freedom to keep their personal finances separate from the business finances.