Starting a business requires capital, often sourced from the owners' personal finances. However, relying on personal credit cards and loans can be risky, as personal credit is limited and excessive use can negatively impact credit scores. In contrast, business credit operates differently: the more it is utilized, the more funding can be accessed. This event, led by Boyd Karren of Otro Financial, will guide attendees through the essential steps to build business credit, enabling businesses to secure funding independently of personal social security numbers or credit scores. When executed correctly, this approach can attract banks offering low-cost or even free financing options. Boyd Karren, a seasoned entrepreneur with dual master's degrees in business, will share his insights and experiences to help small business owners navigate the complexities of business credit effectively.
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