Why build business credit?

Building business credit is important for several reasons. Firstly, it helps separate personal and business finances, which can provide protection for personal assets in the event of business failure or bankruptcy. Additionally, having strong business credit can make it easier to obtain financing and loans, as lenders often consider credit history when making decisions. Moreover, a solid business credit profile can enhance a company's reputation and credibility, making it more attractive to potential partners, suppliers, and customers. Lastly, establishing business credit can enable a business to access better payment terms and discounts from suppliers, ultimately improving cash flow and profitability.