(Newswire.net — June 18, 2013) Plano, Tx — With the last five years of the U.S. economy headed into a tailspin, it is no wonder that commercial credit has taken a turn as well for tougher times. Lending amongst banks seems to lack creativity, let alone seeking to solve credit problems for its consumer clients that can be individuals or small to medium sized businesses.
Fleet Biz Suite was created by its owner and founder, Russ Anderson, who shared with us his ideas and philosophy towards helping businesses to develop their own credit profiles without following the road most taken by banks. That seems to lead people and their businesses down a path that is rife with problems that can cause collateral damage and financial ruin.
Anderson spent twenty years in commercial lending and knows the pitfalls that await many out there applying for credit. There are specific steps and procedures in order to build credit a proper way that ensures avoiding personal liability which many banks do not do. A Dunn and Bradstreet profile is crafted by Anderson and his team to get their clients on the right path.
90% of the business owners out there have no idea as to how to even go about accessing commercial credit and do not understand the ramifications of taking the wrong steps, and what that can mean for damaging their credit and chances down the road of getting credit. Armed with many years of analyzing the credit process from a lender’s standpoint, Fleet Biz Suite can now wear the hat from a prospective borrower’s eye and guide them down the right road.
Inquiries on credit is a serious business and done without procedures and knowledge of the protocol can be harmful to one’s FICO (Fair Isaac) score that has become the barometer for evaluating creditworthiness. There is a proper way of building one’s credit methodically that can address all of the long term financing goals that one should have. A business credit is vastly different from a personal credit and the ramifications can be harmful if personal and business become mixed due to the commercial credit institution that requires guarantees or recourse back to the principals or individuals requesting the business loan.
For more comprehensive information regarding setting up the proper credit procedures for your business, contact Fleet Biz Suite at: www.fleetbizsuite.com (800) 248-8817.
More articles from author: