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Establish Corporate Credit

oboloo Glossary

Establish Corporate Credit

Establishing corporate credit is the process of establishing a line of credit for businesses. This allows companies to purchase materials and services without needing to pay upfront, creating a powerful financial tool that can be used to build your business. Corporate credit is established by maintaining good relationships with suppliers and creditors, demonstrating a history of consistent payments, and monitoring one’s credit scores and reports. By following these steps, businesses have the power to establish their own corporate credit lines, which can lead to more opportunities, increased buying power and higher levels of success.

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