The Capital Well – Corporate Credit

The third layer in the well is Business Credit. This is also two of the four tiers for financing a business.  Credit is the use of OPM- Other People’s Money, without giving up equity in your company.  Although it is money that needs to be paid back and because of that should be used very wisely, it is a tremendous tool in building a business.

To obtain credit in your business you can either use your personal credit, business credit or a combination of the two.  See personal credit section for understanding the disadvantages to building a business on personal credit only.  Corporate Credit or Business Credit is the ideal use of Other People’s Money. Find out more about the BCS-CapitalACCESS™ program.

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