Small Business Resources, Business Advice and Forms from AllBusiness.com
 

Extending and Managing Customer Credit

Extending credit to customers can increase revenue and improve goodwill, but only if you do it smartly.

Step-by-Step Guide to Building Business Credit

Building good business credit is the key to financial health. Without it, you'll have a hard time opening a trade account at a supplier like Office Depot or receiving a business credit card or traditional bank loan. But all that changes once you've established a solid credit rating. Get started now.
STEP 1: GET YOUR PERSONAL CREDIT IN ORDER
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STEP 2: OPEN CHECKING AND TRADE ACCOUNTS
Read Article / Watch Video
STEP 3: ESTABLISH A CREDIT RATING WITH DUN & BRADSTREET
Read Article / Watch Video
STEP 4: OPEN A BUSINESS CREDIT CARD ACCOUNT
Read Article / Watch Video
STEP 5: TAKE OUT A BUSINESS LOAN, WHETHER YOU NEED IT OR NOT
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STEP 6: FIX AND IMPROVE YOUR BUSINESS CREDIT
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Do It Yourself
On the surface, establishing business credit can
seem more complex than it really is.
Hire Someone
Credit-building services aren't absolutely necessary, but they can be very helpful to stressed-out business owners.

By the Numbers

Health Care Industry Gross Profits vs. All Industries
Data provided by Sageworks, Inc.
An interesting comparison in light of the current national debate on the cost of health care in the U.S.
Click here to view entire graph
lynette denike_80
Answers to revving up income and fending off competitors can be found in ways you demonstrate customer care.Read More
sam thacker_80
Poor customer service can break a company, especially when your customers are expecting you to provide critical services to their company. Does ... Read More

Accounting Professionals Center

More Business Credit Resources

Learn how to do your research before extending credit to customers.
article
Business owners can use a number of strategies to spot bad credit trends and handle customers who appear to be having difficult times.
article
If you don't report delinquent customers, their poor payment histories won't show up on their credit reports and other businesses will risk extending credit to a deadbeat company.
article
Before you extend credit to a new client or customer, you should always take a day or two to learn some simple facts.
article
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