Business Credit

what you mean by business credit !

Business credit is a measure of an organization's ability to obtain goods or services based on a promise to pay for them later. This term can refer to the ability of a business to secure loan money as well. The goods, services, or cash obtained using business credit are usually not personally guaranteed by the owner or representative of the organization. Essentially, business credit allows for borrowing against the assets of the organization,







Unlike items and services obtained using personal credit, those acquired with business credit are meant to be used for commercial reasons only. An organization may use business credit to obtain everything from office furniture and supplies to manufacturing equipment and employee uniforms. Often, businesses seek cash loans as well, using borrowed money to fund various start-up and operational endeavors.
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