In this video, Kelvin discusses the Small Business Financial Exchange, Micro Loans, Bank Ratings, and the role your personal credit has in getting approved for business credit. This video is beginner friendly and is a great review for small business owners who have already started their business credit building journey. This is the sequel Kelvin’s «How to Qualify for Business Credit» video.
Many business owners know about The Big 3 business credit bureaus: Dun & Bradstreet, Equifax, and Experian commercial but do you understand the Small Business Financial Exchange plays in helping your business qualify for Small Business Loans, Micro Loans, and Major Business Credit Cards?
Additionally, as you begin Building Business Credit in 2021 it’s also important to understand Bank Ratings. Having this knowledge will help you avoid making any unsavory decisions that could have a negative impact on your bank rating, which could lead to denials.
—– Chapters —–
00:00 – Intro
03:27 – Small Business Financial Exchange & Bank Rating
06:13 – Choosing the right bank & Micro Loans
08:40 – Can you build business credit without good credit?
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