For a small business owner, building a good credit history can be essential to getting the business through the rough times. One of the easiest and quickest ways of beginning to build a good credit history is through the use of a small business credit card.
A business credit card is designed specifically to meet the needs of the business owner. They generally come with
a high limit, with low interest rates and additional automatic benefits. Detailed reports and excellent customer service can also be part of a small business credit card package, which is why the application can often require a number of documents for verification.
How do you get started?
Often, even when you're a new business, you'll receive a flood of small business credit card applications in the mail. Applications can also be quickly found on the Internet or through a branch office of your local bank. These last two sources generally garner faster results.
Before you start an application, however, it's best to gather together a few documents that are often required by credit card companies. For a small business credit card application, you'll generally be asked to provide proof of a business license. You may also be asked to provide documents to verify your good credit standing, especially if your business is a sole proprietorship. These documents might include last year's tax returns or your latest billing statements.
What should you look for in your business credit card application?
Will a single small business credit card be enough to build a good credit history for your business? Probably not. But it's an excellent starting point, and it can definitely help you build toward getting future business loans from other banks and other financial institutions.
The Spiraling Effect of Your Child's Stress And Pediatric Asthma
Researchers have found there's a clear link between pediatric asthma and stress. But it might surprise you to know that the link may be spiral in nature, with asthma feeding the stress, then the stress worsening the asthma, which causes more stress, and on and on.Could Fibromyalgia Be Causing Your Pain?
Fibromyalgia is an arthritis related disease that's often difficult to diagnose because it's so often mistaken for arthritis.Have You Lost Track of Your Family Time?
If you feel like your family is perpetually running on high octane with everyone heading in a different direction, here are some suggestions that might help you to start thinking about your family time in new ways.