Episode 201: Get a Better Business Credit Rating

Magnifying glass on colourful pie chart with "Credit report" text

Listen Now -Co-hosts Lew Weiss and Tim Grady interview Mr. Paul Oster, CEO of Better Qualified, a business in Eatontown, NJ that can help owners and finance executives learn how to get a small business loan with bad credit, improve their credit rating to unlock the value in a business, and increase the credit capacity the business can access to fund business growth. As a business owner, learning how to fix my credit rating was incredibly important. Learn the process, the nuances, and discover how quickly your business can achieve a solid credit rating – even positioning it to stand on its own and get your personal credit and assets released from business loans.

Improving a credit rating isn’t easy. Paying bills on time and in full can contribute to a good credit rating, as well as using credit cards. Using a credit card and then paying it off in full, rather than the lowest possible installment, shows the lender that you are responsible enough to borrow money. To start building a credit rating, a credit card for no credit will need to be used as lenders are not going to give out their best credit cards to someone with a low credit rating.

A credit rating can determine any type of loan, whether it be for a $10,000 loan or opening a phone contract. Without credit, lenders can’t determine if you’re trustworthy or not and they will be less likely to trust you if you have no credit at all. Nurturing and monitoring a credit score is the best way to help it improve. You are then free to look up usda loan providers and see how you can be helped out financially with your business, without worrying that your credit rating will affect what you can get.

MEET YOUR HOST

Lewis Weiss

Mr. Lewis Weiss is Host of Manufacturing Talk Radio and President of All Metals & Forge Group, the principal sponsor of the show. He has 60 years in the metals industry as a manufacturer of open die forgings and seamless rolled rings, running a business that sells forged products globally to OEMs, major manufacturers, mid-size first- and second-tier suppliers, and small metalworking companies. Lewis Weiss puts his experience in manufacturing to good use as an expert consultant on various TV and radio programs nationwide.

Tim Grady

Mr. Tim Grady is an Executive Producer and Co-host of Manufacturing Talk Radio. He brings more than 25 years of knowledge as a senior strategist and business advisor to companies of all sizes in more than thirty industries, advising them on revving up revenues, macro and micro marketing, strategic selling, organization optimization, website ergonomics, data mining, and other external or internal factors that can accelerate or impede business operations and net profit.