2 Responses to “Business Credit??”

1. The Business Doctor Says:
   June 30th, 2009 at 9:27 pm

   There are four basic tiers of business credit. T-2 refers to “Tier 2″. Tier 2 business credit is also referred to as “advanced trade credit”. Tier 2 involves financing of products or services from one business to another – usually with favorable terms and usually after performing a credit check on the business to ensure they have no bad business credit.
   Tier 1 is also business to business credit, but is usually more basic than Tier 1 – giving smaller credit limits and a shorter repayment period. This type of basic vendor credit includes terms extended to you by your printer that allow you to get some business cards printed and then pay for them ten or fifteen days later when you receive the bill. For example: http://www.uline.com is a company that will easily hand out $1,000 credit lines to buy their products on terms without a credit check or personal guarantee. Tier 1 credit usually consists of giving a business 15 or 30 days to pay their invoice – also referred to as Net 15 or Net 30 terms.
   Tier 3 is getting business loans and business credit lines from banks. Also involved here would be getting business credit cards without personal guarantees.
   Tier 4 involves bringing large investment capital into your business.
   For information on how to build your business credit up to the Tier 3 level, you can visit http://www.access-business-credit.com

2. Sharon F Says:
   June 30th, 2009 at 9:27 pm

   that’s your tier level

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