What is a 2020 Enterprise Group Business Credit?

2020 Enterprise Group LLC works in partnership with experts to solve customers’ unique needs and circumstances. We have the flexibility to work one-on-one with your business and welcome the chance to get to know you.

2020 Enterprise Group LLC will help you run and build your successful business by  qualifying your business for loans and credit with the best loan rates that are competitive on the market. The 2020 Enterprise Group LLC business credit  is what you need and quite essential in making your business dreams come true  by helping you access money even when you can’t qualify for a loan.

2020 Enterprise Group LLC will help you build flexible business credit in a step by step while putting in use a proven and field tested with a highly personalized process. 2020 Enterprise Group LLC utilizes a full-service business credit advisory team from its partners to guide you in a every step of the way thus simplifying experience of obtaining business credit.

2020 Enterprise Group LLC will  help You:

  • Setup your business to meet lender and credit issuer Fundability standards to get automated approvals
  • Setup and activate your credit profile 
  • Get initial trade credit to build your business credit reports with no personal guarantee
  • Get business credit without a personal guarantee
  • Get your business set up the right way to meet lender and credit issuer approval requirements, and get approved for initial business credit that reports and builds your profile.
  • You can also monitor your business credit reports and scores in real-time.

Types of Credit We Help You Access:

  1. Store business credit with many major national retailers
  2. Fleet credit for fuel and auto vehicle repairs for your primary vehicle, and a fleet of commercial vehicles
  3. Cash credit including Visa and MasterCard accounts you can use in most locations worldwide
  4. Auto vehicle financing to purchase or lease your primary vehicle or a fleet of vehicles, in your business name
  5. We will provide you the greatest access to real usable, no-personal-guarantee. This gives you the money you need to run your business, expand, and to make your company more profitable and productive so that you have the money you need and the time to enjoy it.

Why Do I Need Business Credit?

In many cases, you won’t be able to complete business transactions if your business doesn’t have credit. Lenders will use a business’s credit history when figuring out whether or not to loan the business money. You’ll also need credit in order to get business insurance. In many instances, you won’t be able to buy goods and services for your business without access to credit.

Why can’t you use your personal credit for all of that? In some cases you can, but you really shouldn’t. The IRS has strict rules about mixing personal and business expenses. Using personal checks or a personal credit card makes your bookkeeping much tougher. Most people also believe your business looks a lot more professional when you pay for business expenses with dedicated business funds.

Perhaps most importantly, if you use personal credit to run your business, you put yourself and your family at risk if your business fails or experiences money trouble. Creditors will then come after YOU, as you will be personally liable for the expenses incurred by the business.

Why you need a good credit score?
Low Interest Rates on Credit Cards and Loans

The interest rate is one of the costs you pay for borrowing money and, often, the interest rate you get is directly tied to your credit score. If you have a good credit score, you’ll almost always qualify for the best interest rates, and you’ll pay lower finance charges on credit card balances and loans. The less money you pay in interest, the faster you’ll pay off the debt and the more money you have for other expenses. 

Better Chance for Credit Card and Loan Approval

Borrowers with a poor credit history typically avoid applying for a new credit card or loan because they’ve been turned down previously. Having an excellent credit score doesn’t guarantee approval, because lenders still consider other factors such as your income and debt. However, a good credit score increases your chances of being approved for new credit. In other words, you can apply for a loan or credit card with confidence.

More Negotiating Power

A good credit score gives you leverage to negotiate a lower interest rate on a credit card or a new loan. If you need more bargaining power, you can take advantage of other attractive offers that you’ve received from other companies based on your credit score. However, if you have a low credit score, creditors are unlikely to budge on loan terms, and you won’t have other credit offers or options. 

Get Approved for Higher Limits

Your borrowing capacity is based on your income and your credit score. One of the benefits of having a good credit score is that banks are willing to let you borrow more money because you’ve demonstrated that you pay back what you borrow on time. You may still get approved for some loans with a bad credit score, but the amount will be more limited.

Easier Approval for Rental Houses and Apartments

More landlords are using credit scores as part of their tenant screening process. A bad credit score, especially if it’s caused by a previous eviction or outstanding rental balance, can severely damage your chances of getting into an apartment. A good credit score saves you the time and hassle of finding a landlord that will approve renters with damaged credit. 

Better Car Insurance Rates

Add auto insurers to the list of companies that will use a bad credit score against you. Insurance companies use information from your credit report and insurance history to develop your insurance risk score, so they often penalize people who have low credit scores with higher insurance premiums. With a good credit score, you’ll typically pay less for insurance than similar applicants with lower credit scores.

Get a Cell Phone on Contract With No Security Deposit

Another drawback of having a bad credit score is that cell phone service providers may not give you a contract. Instead, you’ll have to choose one of those pay-as-you-go plans that have more expensive phones. At the least, you might have to pay extra on your contract until you’ve established yourself with the provider. People with good credit avoid paying a security deposit and may receive a discounted purchase price on the latest phones by signing a contract.

Avoid Security Deposits on Utilities

These deposits are sometimes $100 to $200 and a huge inconvenience when you’re relocating. You may not be planning to move soon, but a natural disaster or an unforeseen circumstance could change your plans. A good credit score means you won’t have to pay a security deposit when you establish utility service in your name or transfer service to another location.