What type are you? If you are Type #1, and want to move to the other category, then you have come to the right place. There are several specific steps to building your ?business? credit so that you can become creditworthy enough to apply to lending and financial institutions for business credit.

If you want business credit in any area, including Troy, Michigan, you need to understand a few points:

a.personal credit and business credit ? what's the difference

b.choosing the right business name and best legal entity structure

c.the importance of your business address in Troy, Michigan

d.multiple applications for businesses credit lines can hurt your FICO scores

A new Troy business

Maybe you've got a great new business idea for the Troy area that you want to take to the next level, but you don't have ready access to extra funds or business credit cards. Or perhaps your personal credit is so poor that financial institutions won't lend to you. Your immediate goals should include the following:

?improve your personal credit and build your business creditworthiness

?apply for small business credit cards from vendors in Troy

?apply for unsecured business loans without personal guarantees

?obtain unsecured lines of credit and get the working capital that you need

I know that you might say to yourself, ?that's easier said than done?. Well, what counts is that you understand what it means to be business creditworthy. Once you have an established business credit profile, personal guarantees will no longer be needed. When you apply for credit with a local company in Troy, you will have built up a business reputation that is easy to document.

Meanwhile, it is critical that your personal credit reports show a ?positive? picture of you because in the beginning, you may need to use personal guarantees.

The best way to get any type of vendor credit, company credit, business credit line, business startup loans, vendor credit cards, and other financial resources for your business in Troy is to learn from the experts exactly how to do this. It also doesn't matter if you are in Macomb County, Oakland County,

Washtenaw County, or Clinton County, the process is still the same.

This article was written by Susan Carter, author of the new eBook ?Basics of Business Credit? that can be purchased on http://www.susansbooks.com. Susan is now giving away ? to the first 400 people who buy her book - a Free Credit Restoration Guide, so don't wait ? ACT RIGHT NOW.