Building business credit creates more financial opportunities for your business. Banks, lenders, and other suppliers all rely on business credit reports to assess the creditworthiness of your company. According to the Small Business Administration, 46 percent of businesses used personal credit cards for business expenses. This statistic shows that many businesses fail to separate business and personal expenses, which is necessary to establish business credit. Why should I use a business credit card instead of a personal credit card? Business credit acts as your business’s financial reputation. If you can borrow money as an individual, why go through the trouble of borrowing in the name of your business? 1. Business credit cards help separate personal and business finances If you’re looking to borrow or apply for credit or loans using your personal information for your business, you’ll use your Social Security Number. Any problems with your business would then go on