Columbia, MD: June 20, 2013â€”In support of National Small Business Week, the National Association of Credit Management (NACM) released a fact sheet today offering the nationâ€™s small businesses a quick reference document on commercial credit reporting. The free fact sheet, titled â€śCommercial Credit Reporting: What Every Company Needs to Know,â€ť provides the smallest of the nationâ€™s firms with the information they need to be able to manage their own companyâ€™s commercial credit profile.
A number of small companies only rely on the ownerâ€™s personal consumer credit to operate the business. They may not be aware of, or know enough about commercial credit and commercial credit reporting to establish and build a strong commercial credit profile, which can help these businesses acquire better bank financing and the crucial goods and services needed from other trade suppliers on an unsecured basis. â€śNACM hopes the fact sheet will help companies build their credit and support their financial practices,â€ť said NACM President Robin Schauseil, CAE. â€śIt is imperative to eliminate any misconceptions and educate companies about commercial credit and commercial credit reports, especially among small businesses, the drivers of the nationâ€™s economy.â€ť