We are Gordon Davis and Aleisha Davis, owner and co-owner of Davis Capital Solutions.

This is our third E-book released in our Unlock Your Legacy series.

Business credit and Business funding are often used interchangeably and can cause a bit of confusion for some. We hope to clear the blurred lines with this E-book.

Anyone can establish business credit using their EIN, totally separate from personal credit and without using their social security number at all. This can be done with vendor accounts, or what some may call net 30 accounts.

When it comes to business funding, or getting to the money, SOMETHING must be leveraged. Here, the business owners’ personal credit may come into play. 

A personal guarantee may be required for certain business credit cards, auto loans, and business lines of credit. If the company has reached a certain amount of revenue, they can leverage their proof of income or bank statements to receive funding.

Eventually, as the business grows, you can build up to corporate credit, where the company stands entirely on its own merit. 

Ideally, you want your personal credit to be as strong as possible anyway when starting and building a business to avoid financial hardships due to denials for credit.