"As a business owner, I know I need to borrow on an ongoing basis and a business credit line sounds like a good idea. But how can I be sure I'm using credit responsibly?"
Having a strong credit profile is crucial to the operation and success of any business. By using your credit responsibly, you can build an excellent credit score that will be advantageous to your business and help it grow.
Here’s what you need to know about using business credit responsibly:
Responsible use of credit in your company’s name is the best way to create and maintain a strong credit history. This will serve you well when you need to take out a loan for your business. You’ll be more likely to be approved and get better terms.
Cash flow issues are often the biggest challenge for small businesses. A strong credit line can help you fund daily operations, cover expenses, and purchase inventory ahead of demand.
Once you have your card in hand, make sure you know the dos and don'ts of business credit card use. Responsible use of credit can be one of the best things you can do for your company.
Alaska USA is one of the nation's largest credit unions with decades of experience in business development ready to work for you.
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A+ Rating from the Better Business Bureau
As a member of MBL, Alaska USA Federal Credit Union is equipped to provide business loan products that match business members' needs.
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