What this course covers
This course is designed to help business owners find the information they need to start their credit and borrowing journey. You’ll explore topics like:
- Personal vs. business credit
- How credit scores are calculated
- Understanding creditworthiness
- Tips for building better credit
Tools
Interactive tools throughout the course can help you review important ideas and put them into practice for your own business. This course includes:
- Course quiz
Chapter overview
Start to explore the basics of credit. We’ll introduce three types of credit that could be useful for your business, including credit cards, business lines of credit and term loans.
Key concepts
- The definition of credit
- Why trust and relationships matter
- Three common types of credit
Key terms
- Term loans
- Credit
- Business lines of credit
Est. time to complete: 3 min.
Chapter overview
Your credit history doesn't exist in a vacuum. Find out how your personal credit history is determined and what your personal credit score could mean for your business.
Key concepts
- Why lenders look at your credit report
- The most common credit bureaus
- What’s considered a "good" credit score
Key terms
- Credit bureaus
- Personal credit history
- Credit mix
Est. time to complete: 6 min.
Chapter overview
Your business credit history matters a lot to lenders. See how business credit history differs from personal and why separating expenses can be a strategic move.
Key concepts
- Understanding business credit history
- Factors that can affect your business credit score
- Personal vs. business credit reports
- Understanding sole proprietorships
Key terms
- Paydex score
- Failure score
- Delinquency score
- Sole proprietorship
Est. time to complete: 8 min.
Chapter overview
If credit scores are so important, how do you keep yours in good standing? In this chapter, explore practical tips that could help you build better personal and business credit.
Key concepts
- How to establish yourself as a borrower
- The importance of building and maintaining good credit
Key terms
- Employer identification number (EIN)
- Limited liability company (LLC)
Est. time to complete: 6 min.
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