Thanks for summarizing that Justin! 😂 💯

19 Apr 2024 · 1 min

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Small-business owners should start with a $5,000 line of credit from their bank, then finance equipment to show cash flow and repayment ability. Pay everything on time and keep investing in your business to build stronger credit.

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What else? What are some other things you could do to build credit? If you— I mean, if you— if you can, you can get— try to get a line of credit from your bank after you've been there for a while. Maybe they'll give you a $5,000 line of credit. Maybe there's a piece of equipment you want to buy and you can finance it through your bank. Because if you're running your business and they see you have cash flow, and so this guy could afford— 5 minutes later. That's the kind of things that you have to do. You have to, you know, you have to— so basically you got to invest in yourself and in your business in order to build credit and pay your bills on time.