Credit Management Tips for Small Businesses


Join our #CreditChat on Twitter and YouTube every Wednesday at 3 p.m. ET. This week, we talked about what you need to know about credit when running a small business.

The video panel included: Rieva Lesonsky – CEO, GrowBiz Media & SmallBizDaily.com, Brian Moran – Fonder of SmallBusinessEdge.comand Ty Kiisel – OnDeck, Shannon McNay – Writer & Podcaster at ReadyForZero, and Mike Delgado – Social Media Community Manager at Experian, and others.

Questions we discussed:

Q1: True or False: If I have a small business, I automatically have a business credit score
Q2: How should you go about establishing a business credit report and score?
Q3: What are the differences between a personal and business credit score?
Q4: How can a positive business credit profile save your business money?
Q5: Is it a mistake to use personal credit to help establish a new small business?
Q6: What are some advantages of keeping business credit and personal credit separate?
Q7: What things do you need to prepare once you start and file a business?
Q8: What can you do to improve your business credit?
Q9: Who can request and view a copy of my business credit report and score?
Q10: What are the benefits of checking another businesses credit report or score?

Check out some favorite tweets storified: