If you are considering starting a self storage business at some point in the future, it is important to start thinking about your credit now - and even start taking steps to either improve or build your credit.
This is important for your personal as well as your business credit.
If you are just starting out, and don't really have much credit yet, I would suggest you start learning about how credit works and start building your credit. You can go down to a bank and get a small loan - then pay it back quickly. The same can be done with a credit card. If you don't yet have enough credit to be able to qualify for a credit card, you could always get a secured credit card. This is where you deposit money with them - then they will issue you a card with a limit equal to the deposit you made.
If you are interested in building business credit, you will need to:
- Set up your company[/*:m:2473d4m4]
- Get a D and B number[/*:m:2473d4m4]
- Start applying for accounts in your business name[/*:m:2473d4m4]
- Pay them![/*:m:2473d4m4]
As you are going through the process of building business credit, the people over at D and B will try to convince you that you need to pay hundreds of dollars for this service or that service. It is NOT true. You can build your business credit without paying for their products.
For more information on building credit, go to:
http://www.creditboards.com
Building Credit
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