Businessfinance.com Launches New Free Program To Help Small Business Build Credit And Find Financing

Jan. 27, 2009 - PRLog -- Now more than ever, businesses need help finding matched sources for business loans and the tools to build their business credit scores. That is why BusinessFinance.com has combined its business capital search engine with a comprehensive business credit building system and is letting all business owners access it for free.

Business owners can go to www.businessfinance.com to register and then login to their own Business Finance Management Center where they can track and manage all aspects of building business credit and finding business loans that are matched to their exact needs and qualifications. According to BusinessFinance.com CEO Corey Pierce, “In this economy we are trying to do all we can to help.”

At some point, almost every business will need business financing. Whether it’s an established business, a start up, or a business being purchased, access to business financing can help a business succeed, but only if it is used correctly.

When most small businesses obtain some type of capital from friends, family, or the owner’s personal assets, it usually goes directly into the business checking account and is spent. BusinessFinance.com shows businesses how to use this money wisely to get a secured bank loan and put the business on the map in terms of business credit. It may look something like this:

•   Business owner borrows money from a friend to get a CD to secure the bank loan.
•   The bank makes a loan dollar for dollar based on the CD amount.
•   The day the loan funds the owner can repay the loan 100%, or they can separately deposit the money from the loan/line of credit and use that exclusively to pay back the loan.

This technique gives a large push towards building business credit and is just one of many techniques discussed inside the Business Finance Management Center. The system is the product of over 10 years of research and guides businesses through the process of establishing good business credit scores with the 3 national business credit agencies; Dun and Bradstreet, Equifax, and Experian. “Many business owners make the mistake of thinking if they get a Paydex score, they have business credit. This is far from true,” says Pierce.

Having good business credit scores with all three credit bureaus will open up many doors in the business finance world and will greatly increase the chances of securing less expensive and larger amounts of business financing for a company. CEO Corey Pierce believes “this system can truly help businesses and we hope they take advantage of it.”

Visit http://www.businessfinance.com for more information on how businesses can match themselves to available business loans and build business credit.

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BusinessFinance.com is the internets largest business capital search engine. Small business owners can run a search in our database of over 4,000 lenders and funding sources to get a free matched list of lenders. BusinessFinance.com also offers a free business credit building service that helps build and separate business credit from personal credit. Having good business credit will open many doors in the funding world.

To manage business credit building efforts and funding sources, BusinessFinance.com has launched a free Business Funding Management Center where users can track all aspects building credit and finding financing. This service is available free of charge.

Go to http://www.businessfinance.com/build-business-credit.aspx to access your free BFMC.