BusinessFinance.com Discloses a Step All Businesses Need to Obtain Capital

Foothill Ranch, California 7, 2010 BusinessFinance.com announces that their improved Business Finance Coach teaches businesses how to insure they have an open a file with all three of the business credit agencies. The latest version of the Business Finance Coach was released earlier this year and includes everything a business needs to build three good business credit scores in the shortest possible time. More information on the Business Finance Coach can be found at http://www.businessfinancecoach.com.

“Businesses owners must separate their personal credit from their business credit in order to get approved for business loans and financing,says BusinessFinance.com Finance Specialist James Christy. “You cannot use your social security number to establish business credit.

In addition to vital information about the business credit agencies, the Business Finance Coach instructs businesses about 20 other items that must be done in order for a lender to even consider their business loan application for approval.

“The process of establishing business credit is much more complicated than setting up personal credit,says Corey Pierce, Founder and CEO of BusinessFinance.com. “There is one business credit agency that tries to charge businesses $499 just to open a credit file. Another business credit agency will not open a file unless your business has a loan with one of their 173 member banks. The Business Finance Coach gives business owners the tools they need to get these files open.

To complement the Business Finance Coach, http://www.BusinessFinance.com features the Internet’s largest Business Funding Directory. The directory has 4,383 sources of business capital. Business owners can search it for free and match their capital needs to the approval criteria of those funding sources.