BUSINESS CREDIT

Business credit is the single largest source of financing in the world. The security of having business credit is important for any organization. The following are some of the benefits of building good business credit:

• Meet any lending needs
• Prepares for future lending needs
• Ability to extend your cash flow
• Lowers your interest rates
• Saves valuable time and money
• Improves the creditability of your business

For those of you who do not know exactly what business credit is or why it is important, you are not alone. You are among thousands of business owners who are lost in the maze of how to build business credit. NCH Capital can provide you with what you need to know so that you feel prepared and confident about your business operations. We can provide you with the answers to:

• Who are the largest business credit bureaus?
• What rights does a business owner have for incorrect information on a credit report?
• What are the business credit scores?
• What do business lenders look at?
• Where do you find companies that grant credit?
• How do you get a company to grant credit?
• Which companies report to the business credit bureaus?

The biggest advantage of having a good business credit profile is saving money. By obtaining a more favorable credit score you will lower the interest you pay on loans and leases. For example:

	EXAMPLE 10 year payback Good Credit Score Average or No Credit Score Loan Amount $100,000 $100,000 Length of Loan 10 years 10 years Interest Rate 7.5% 10.5% Payment $1,187.02 $1,349.35 total Interest Paid $42,441.99 $61,921.99

Total Savings for Having Good Credit $19,480

	EXAMPLE 5 year payback Good Credit Score Average or No Credit Score Loan Amount $100,000 $100,000 Length of Loan 5 years 5 years Interest Rate 7.5% 10.5% Payment $2,003.79 $1,349.35 total Interest Paid $20,227.75 $28,963.40

Total Savings for Having Good Credit $8,685