While there are many reasons to establish business credit many small business owners overlook the advantages of financing their autos with corporate credit. The key is keeping all your business related expenses and obligations separate from your personal credit files. This includes minimizing the use of personal credit checks and personal guarantees to get business credit. Ask yourself the following questions: Are my business debts reporting to my personal credit files? Does the auto loan or lease for my business report to my personal credit files? The good news is there are companies like GMAC that understand the importance of keeping personal obligations separate from your business debts. More importantly one program it offers reports your payments to your business credit report and not your personal credit files. Third Party Guaranty by GMAC This program was specifically designed for business owners to keep their…

March 7th, 2010
Money maker
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