Starting a business requires capital, often sourced from the owners' personal finances. However, relying on personal credit cards and loans can be risky, as personal credit is limited and excessive use can harm credit scores. In contrast, business credit operates differently: the more it is utilized, the more funding can be accessed. This event features Boyd Karren from Otro Financial, who will guide attendees through the essential steps to establish business credit, enabling businesses to secure funding independently of personal social security numbers or FICO scores. When executed correctly, this approach can attract banks offering low-cost or even free financing options. This session is ideal for entrepreneurs looking to understand the nuances of business credit and how to leverage it effectively for their ventures.
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