Question about credit cards and credit ratings for business

[Cal Carpenter]

2. So a business credit rating is analogous to a consumer score

with basically the same criteria?

That's good to know. My personal credit score is quite good (thankfully) and I think that has helped with the business in terms of getting a lease and getting the business credit card we do have. I'll just keep doing what I've been doing, and work harder to get the balance paid down more consistently. We just had a bit of a cash flow crunch a few months back so I used it more than I would have liked to.

I'll check out that site sometime - thanks for the link! We may want another credit card at some point (but not for awhile - it's been less than a year since I opened the one we have) although I may prefer to do a small loan rather than credit cards if we plan things right and the extra expenditures will really result in higher revenue. I don't want to waste more money on interest than necessary. But if it helps our credit rating I may get us a second card in the next year or so just so our total credit avail and % used looks better on paper.

God, two and half years into this thing, revenue is increasing steadily, I haven't fucked up anything major, and I'm still a nervous wreck most of the time