Common Questions and Answers

What steps can I take to build capital for my business, and what type of lending sources should I consider?

Answer :
Capital is the lifeblood of a business and every entrepreneur needs to have a plan for obtaining it. The problem often found is that most entrepreneurs don't start thinking about obtaining capital until they need it, which is typically too late! Regardless of the stage your company is in, you need to have a plan for how you will fund its growth.

As you plan your business funding needs, consider multiple lending sources. The most obvious source is a bank, but that doesn't mean that banks are the only capital source. You should have a portfolio of business capital that is a mix of bank loans, lines of credit, business credit, credit cards, and so forth.

One alternative financing source is business credit (also referred to as trade credit). Business Credit is an area of financing that every entrepreneur needs to be aware of and focus time in establishing. Without spending dedicated time and resources to building the company's business credit the entrepreneur is missing out on the single largest source of lending in the world.

In addition, by building business credit a company is establishing a presence with the business credit bureaus, like Experian, which help in obtaining credit in the future from banks and other lenders who report their data.

Written by:
David Gass, President & Founder
Business Credit Services, Inc.

5 Reasons to Monitor Your Business

Business owner

  • 24/7 monitoring of your company's Experian credit score
  • Automatic email alerts of any unusual activity in your company's credit report that might indicate fraud
  • Unlimited access to your company's most up-to-date credit report and score
  • Dark Web Surveillance
  • Business Fraud Resolution Support

Related questions

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What factors should I consider when evaluating sources of capital?

How does the current credit economic condition affect my small business?

Can a personal guarantee on a business line of credit be avoided?

Do you have more questions regarding Experian business credit reports? Return to the home page of for more commonly asked business credit questions, additional resources, and special offers to help you manage and grow a business.

You may also view our full list of frequently asked questions by visiting this page.
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