Business Credit is Tight but the game isn’t over.
There is no doubt that attaining business credit is harder than last year and DnB isn’t making it any easier but the game is still on. Many banks have closed and CITI is pretty much taking over the Business Credit arena. HSBC has pretty much left us hanging so Office Maxx doesn’t offer any business credit and Best Buy only now offers net 30 accounts but I know that things will change. The cash cards with no PG are also dwindling but there are still some to be gotten. Things are looking up though as there is more money being pumped into business loans. I can soon see that it will be easier to get lines of credit on the business side than it will be for the personal if you know what business credit is about. The hardest step in this entire game is getting that 80 paydex. Many people lose patience and stop trying and others think its a myth, but it will happen. One way to get far ahead of the game is with shelf corps with extablish paydex scores. This is where the game is changing. I just want you to know that business credit will has been and will always be here. We just have to understand what the banks are looking for.
mike





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