Business Credit

WHAT IS A BUSINESS CREDIT?

Business credit is where funding or loan is wholly or partly granted by using the business EIN# or with a guarantor. Most business funding or loans gets reported to the business credit file, meaning it does not gets reported on the investor personal credit.

Building or having a good business credit is very vital in the life of a real estate investor or any entrepreneur as a matter of fact. With a very good business credit, investors have easy access to funding. At Hofam consulting, we guide new investors as well as experience investors on how to build business credit to be able to use that to secure funding.

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