Credit, Credit Credit
First challenge that many business people have is a low credit score.  You are not alone, more than 2/3 of the population is in that boat.  However, there is much you can do about it. 
First, stop the bleeding.  Stop the behaviors that lead to a lower credit score in the first place.  Here’s some easy steps you can take today that will revolutionize your financial life.
Pay your bills on-time
That’s great advice, but how.  Very easy.  Most banks now have online banking (And if your bank doesn’t—switch!).  And a standard feature of online banking is an automatic bill paying feature.  So for all your bills with a fixed monthly (or any other frequency) payment, simply schedule the payment a few days in advance of when it’s due.  Set it up as a recurring payment for as many pay periods as you need, and forget about it.  You bills will now be paid on autopilot, on-time, like clockwork.
Expense Auto-pilot
Next, for those bills that vary from month to month, like utility and phone bills, set up an auto-debit.  This will take a little more work—you’ll have to call the companies, get them to fax you a form, fill it out, and fax or mail it back, signed with a voided copy of a check.
For other expenses – pay them immediately or put a note in your planner (or assistant’s planner) to remind you a week early to mail in the payment.
Invaluable Benefits
Then you’re done!  Gone will be the stressful evenings at the end of the month, writing checks, and worrying about your checking account balance.  Gone will be the headaches and embarrassment of receiving friendly or not so friendly overdue and collection notices.  And all for about an hour’s worth of your time, that you could mostly do today!
And another benefit you will find of paying all your bills on-time, is that your reputation among vendors, lenders, and others you do business with will start to climb.  And your own confidence, integrity and sense of accomplishment will also increase.  It’s a tremendous return on a small investment of time.

Click Here to Apply for your Business Line of Credit

Many Advantages of a Line of Credit
What would you do, if you could write up $500,000 in “convenience checks”?  How about using it for working capital to offset those times of lean cashflow?  Maybe you could now upgrade that antiquated IT set up to faster computers, better software, more efficient operation, or even replace an employee. And how about furnishing a new location you’d like to open up?   In short, It’s money to keep you afloat in lean times, and grow your business in the good times.  And it gives you a tremendous competitive advantage.
The disadvantage – you have to apply to a bank.  And you have to play by the bank’s rules.  You know the business “Golden Rule”: “He who has the gold, makes the rules.”  Actually this is also really an advantage, because all you have to do is follow the rules to the letter, and you get the money!
“But what if I don’t qualify?”, you may be asking yourself.  Our answer is—to every problem there’s a solution.  And in the next few posts, we’re going to be discussing solutions to the most common challenges that business people have to qualifying for a line of credit.

see the answer in our next post