We've been accepted for our credit cards. Watch-out world! This will make it much easier to keep business expenses separate from our personal finances. Actually, I could probably write a whole blog about the annoyances and problems of business expenses, reimbursements (read: slow reimbursements), and other issues I've had keeping my finances in order when multiple entities are responsible for different parts of a single bill. This was, of course, outside our small business, though.

How did we get credit so fast after starting the company?

So, the quick explanation of how it works is this: my personal credit is good, and it's used to establish the credit account for the business. As we use the credit, it will build a history for the business. This is what the banker says, at least.

In truth, this sounds a lot like having a parent co-sign for your first credit card in your late teens. I think, in reality, the major factor in building our company's credit will come from being around longer and upping our balance at National City. Still, though, having a credit card just for the company will allow me to move all reoccurring costs like web hosting, supplies, etc. to a card that can be paid entirely from the company's own account.