Released on = July 19, 2006, 11:12 pm

Press Release Author = Corey Pierce

Industry = Financial

Press Release Summary = BusinessFinance.com is proving in their recently revised
Business Finance Coach that it is important to first check that any bank loan a
business may acquire will be reporting the payment history to the Small Business
Financial Exchange.

Press Release Body = Foothill Ranch, California - BusinessFinance.com is proving in
their recently revised Business Finance Coach that it is important to first check
that any bank loan a business may acquire will be reporting the payment history to
the Small Business Financial Exchange. This ensures that the business will then have
an open credit report file and score with Equifax that is critical to a business
being able to receive bank loans for working capital and other needs in the future.


"Businesses must have one bank loan in order to build business credit scores," says
Corey Pierce, Founder of BusinessFinance.com. "You can find over 5,000 business
lending banks, but less than 300 of those will report your business credit history
which is a vital component of building good business credit scores."

The importance of having your business credit history reported is that it helps
develop your business credit scores. Business owners must take the steps necessary
to develop good business credit scores or they will be declined for most business
loans. "Attempting to obtain a business loan with no business credit score is the
equivalent of trying to purchase a home with no personal credit history," says
Pierce. "Your loan application will get declined."

The Business Finance Coach discloses the information about how to find the lending
institutions that report. The Coach is an online program that let's business owners
see exactly what the lending institutions require from them before they apply for
the loan. It shows business owners things like what a bank rating is and why it is
vital in the loan approval process.

Most business owners don't know that there are 20 items that a business must have in
place before most lenders even look at the credit scores to approve a loan. These
are simple items like making sure the business is listed with 411 directory
assistance under the exact business legal name and to verify that their bank
account, state filing and EIN number all list the business with the same legal name.

The Business Finance Coach also goes into detail about what it takes to obtain five
(5) vendor lines of credit that will report to the business credit agencies, how to
get listed with all three (3) business credit reporting agencies, and what they must
do to get their first business loan from a bank that reports business credit
history. For more information on the Business Finance Coach you can visit
www.businessfinancecoach.com.

To complement the Business Finance Coach, www.BusinessFinance.com features the
Internet's largest Business Funding Directory. The directory lists 4,952 sources of
business capital that business owners can search for free and match their capital
needs to the approval criteria of those funding sources.

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Web Site = http://www.businessfinance.com

Contact Details = BusinessFinance.com
26741 Portola Parkway, Suite 437
Foothill Ranch, CA 92610
www.businessfinance.com
paul@businessfinance.com
1-866-892-9295