If expanding your bakery business is currently in your pipeline, building good business credit early will help you have access to capital at better terms and rates which most new borrowers have a hard time getting.
Oftentimes, small business owners may prefer using their business debit cards for their day-to-day expenses because it’s convenient and they don’t accrue any interest rate if they use one. However, opting for a debit card can actually do more harm than good for your business.
As you map out your bakery's growth in 2022, you will need financing solutions that can help you cover various expenses such as increasing inventory, upgrading kitchen equipment, renovating the bakeshop or providing better employee benefits.
