 |
|
Business Credit | Top Companies: This Week's Reviews |
|
|
| Services Offered:
Business credit, personal credit cards |
|
| Company Overview:
Discover was founded in the early 1980’s. The two
payment networks that work with the Discover network had
over 3 billion transactions in 2006 alone. The PULSE
network that Discover uses has more than 260,000 ATMs
worldwide and works with over 4,400 banks and lenders. |
|
| Our Review:
Discover is a great company for credit cards of all
types. It doesn’t matter if you’re looking for business
credit or personal credit. Their business credit
department, however, does offer some great resources for
business owners. They have great customer service and a
product that is known worldwide for its convenience and
ease of use. Plus, the website is easy to get around as
well. |
|
| User Review:
Discover card was my first choice for my business credit
needs. I have been a personal customer for about 15
years, and couldn’t wait to sign up my business for the
same great services and rewards that I was getting as a
personal customer. The business credit card by Discover
is great for businesses big and small. |
|
|
|
| Services Offered:
Business credit cards and loans |
|
| Company Overview:
Bank of Internet began in 1999. They are FDIC insured,
just like any traditional bank, but operate online only,
allowing them to give better rates to customers for
consumer banking and business credit alike. They have
over $1 billion in assets, proving their strength in the
lending industry. |
|
| Our Review:
Bank of Internet is one of our favorite lenders. When it
comes to business credit and lending, they can offer
much better rates than traditional lenders, mainly due
to their online status. This gives them fewer expenses
and more savings, which they pass on to you. Plus, their
customer service is top-rate, and their forms and
website are easy to navigate. |
|
| User Review:
Bank of Internet was about the only lender that would
actually give me the business credit that I needed. They
didn’t ask very many questions, just a few basics about
the finances of my business. I was surprised when I got
such a low rate, too, because I never thought I’d
qualify for that kind of credit as a new business owner. |
|
|
|
| Services Offered:
Business credit, lending, and banking solutions |
|
| Company Overview:
CitiBusiness is part of the Citigroup network of
lenders, which was founded in 1812. The company works
worldwide, serving more than 200 million customers in
100+ countries. In 1998, the company re-worked its
setup, naming itself CitiGroup and offering all services
under one name. |
|
| Our Review:
CitiBusiness is part of a company that has been a
lending industry giant since the early 1800’s. You’ll
certainly get the service and support that you need from
CitiBusiness, because they’ve got so much to offer.
Their website is easy to use, and they consider all
businesses, regardless of size or profit margin. |
|
| User Review:
CitiBusiness helped me get a business credit card so
that I could get the things that I needed to get my
business up and running. There weren’t many companies
willing to take a chance on me, given my bad personal
credit, but Citi did, and I’m forever grateful to them
for that. |
|
|
|
| Services Offered:
Business credit building |
|
| Company Overview:
United Business Credit helps businesses by providing
them with their own credit coach. This allows them to
analyze the company, determine which type of business it
is, and develop a customized business credit building
plan to help the business grow. They have worked with
millions of customers in their years of service, and
offer a 100% guarantee. |
|
| Our Review:
United Business Credit doesn’t actually give you credit
cards or financing. Instead, they work to develop a plan
to help you build your business credit so that you can
have a better experience getting credit cards and loans
that you need later on. Great service and a simple
website make this a company worth looking into if you
want to build your business credit fast. |
|
| User Review:
United Business Credit was able to get my business
credit up to the level of some businesses that have been
around for decades in just a matter of months. I was so
discouraged when I couldn’t build relationships because
my business credit was so low. Thanks to United Business
Credit, I can work with just about any company I want
now. |
|
|
 |
Other Top Companies for
Business Credit : |
|
|
|
|
 |
|
Building Business Credit: |
|
As a new
business, one important aspect of your business will be
the proper building of your business credit. Without it,
you will be virtually useless in the networking and
borrowing world, so it’s definitely an important
consideration. You can start by finding a business
credit card or loan that builds your business credit
while also giving you the financing that you need.
Often, however, this small step won’t be enough for you
to get what you need to boost your credit to where it
actually makes a difference. If you have determined that
you want help in building your business credit, there
are many companies out there that can help you. These
companies can set up a plan that usually takes about 2-6
months to complete, and builds your business credit up
to a level that would likely take you upwards of five
years to achieve on your own. This service does come
with a price however, so the need that you have will
help determine whether this is the best option for you
or not. If you really need the credit building, and you
can afford the expense, for example, then it’s
definitely an investment that you should make. However,
if you can’t afford the expense of hiring a credit
company to build your business credit right away, you
should consider holding off, at least for a short time.
You can build your business credit on your own, after
all, it will just take longer to do it on your own than
by hiring someone to help you out. Getting business
credit cards and loans is the fastest and easiest way to
establish a good credit rapport for your business. Make
sure that you use the services properly and always make
your payments on time and pay as much as you can,
because this will ensure that you are building the best
possible business credit that you can. Building business
credit doesn’t have to be a tricky process as long as
you take your time and are aware of what you’re doing.
|
 |
|
 |
