Frisco, TX – March 09, 2018 – Kevin Hodes, CEO of Swypit has published a new article entitled “My Business Has A Credit Score?!” In the article, Hodes explains the basics of the business credit score—what it is, why you need it, and how you can find out the credit score of your business.
A business credit score, says Hodes, “Tells lenders how likely your business is to repay them in a timely fashion. If you have a business credit card for your company, you probably have business credit scores too.” He adds, “These scores can help you secure better terms the next time you apply for a small business loan or get an insurance policy for your business.”
First, he elaborates on the specifics of the business credit score. As Hodes explains, the business credit score is very similar to the personal credit score in that it’s a measure of credit worthiness. Your business’ past use of credit is also a big factor in this score, just as personal past credit use is a large factor in determining what the personal credit score will be.
Regarding why a business needs a credit score, Hodes details several reasons. Specifically, business owners without credit – or without good credit scores – are often forced to use personal funds for their business expenses. Getting finance for your business is usually easier with a good business credit score. Furthermore, he goes on to say, “With your business credit score, business and personal finances are separated, making it easier to track business expenses for tax purposes.
Hodes also elaborates on how to find out your business credit score. One thing many might find surprising is that business credit scores aren’t free, even if you’re the owner of the business. There are 3 places to check your business credit report—Dun & Bradstreet, Equifax, and Experian.
You can read the entire article here: https://www.swypit.com/my-business-has-a-credit-score/
About Kevin Hodes:
For nearly two decades, Kevin Hodes’ company Swypit has taken pride in bringing honesty and integrity to the world of credit card processing.
Swypit aims to be more than just another service. Their goal is to become a trusted partner, helping to positively impact the merchant’s bottom line. In an industry rife with providers more focused on selling or leasing equipment than building relationships, Swypit is different. They ensure customers always know that they are more than just a number.
Swypit provides world-class service as well as some of the most competitive rates in the industry. How much do their terminals cost? Nothing! The company provides merchants with credit card terminals, discounted point-of-sale and even cash advances to customers they choose to partner with… no catch.
Owner Kevin Hodes is a two-time best-selling author and the Executive Producer of, “Maximum Achievement, The Brian Tracy Story.” His expertise in the credit card processing industry is frequently sought out from all over the country and has been on NBC, ABC, CBS & FOX. Staying active in the community and giving back is important to Mr. Hodes – he is an avid supporter of helping families of fallen soldiers with The American Fallen Soldier Project.
You may obtain further information about Frisco, Texas-based Swypit by visiting the website: www.swypit.com or by calling: 1-877-379-9748.