Name: Setting the Foundation for Solid Business Credit
Overall Rating:
Category: All Learners
Duration: 2.00 hour(s)
Individual Fee: Free

Setting the Foundation for Solid Business Credit program provides potential and current business owners with the knowledge to successfully use credit in their businesses. There are many reasons why business operators rely on credit to maximize their business potential, but it is necessary to have insight into the business credit arena to ensure it is used effectively. This webinar will demonstrate to new and existing businesses how to acquire business credit from the ground up.

This Development Activity has not been scheduled.
Illinois SBDC at the College of Lake County
19351 W. Washington St.
Grayslake, IL 60030
United States
Know and Explain: Information you will know, be able to explain, or be able to find.

  • Provide new and existing business owners with an understanding of all the things that affect the establishment of solid business credit.
  • Learn how to build business credit.

Topics:
  • Business credit benefits
  • The name of your business
  • Domain name/website, logo, social media
  • Trademark, patent, copyright: does your business need this?
  • Choosing a business entity structure
  • Federal tax ID number/EIN
  • The business address
  • Telephone services
  • Professional email address
  • Business licenses, permits, bonds
  • Merchant account setup: Acquiring bank account, then POS or gateway
  • Business Credit Bureaus and who keeps scores?
  • Business Scoring Models and Point Ranges
  • How to Maximize the Business Credit Score 
  • Why Checking Your Business Credit Score is Imperative?
  • What is a tradeline?
  • What are vendors?
  • Apply for vendor accounts
  • Sample Vendor accounts

SkillPrerequisiteExpected Outcome
Money Management1 - BeginnerNot specified

Anterio Jackson

Class Costs
Class ValueNo Charge
Individual Fee$0.00
Private Class Fee$0.00
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