Gild Insurance Launches “Credited” to Empower Small Businesses
Small Business Credit Paradox
DETROIT, Feb. 7, 2024 /PRNewswire/ — For years, a critical roadblock┬áhas stunted the growth of countless small businesses across the nation: the Catch-22 of needing an established credit history to prove creditworthiness, while at the same time, lacking access to the lenders and vendors which establish credit history. This small business credit paradox impedes the ability of the thirty-three million small businesses in the U.S. to readily secure their growth through business loans, lines of credit, or trade accounts. Without access to these financial offerings, up to ninety-four percent┬áof small businesses in the U.S. are forced to acquire funding through personal credit risk.
The small business credit paradox is a major challenge for businesses seeking to grow and expand. Despite the significant contribution of small businesses to the economy, the lack of access to essential financial tools hinders their potential for growth and success. This dilemma has created a barrier that restricts the development and prosperity of small businesses nationwide.
Introduction of “Credited” by Gild Insurance
Gild Insurance launches “Credited”, a first-of-its-kind business insurance solution for small business creditworthiness.
In response to this challenge, Gild Insurance has introduced “Credited”, a groundbreaking business insurance solution designed to address the credit needs of small businesses. This innovative offering is set to revolutionize the way small businesses establish their creditworthiness, providing them with the opportunity to access the financial resources necessary for their growth and success.
Today, Gild Insurance breaks down this credit barrier for small businesses with the launch of “Credited by Gild Insurance“, a first-of-its-kind business insurance solution turning on-time premium payments into a business credit building opportunity. With no additional steps required or hard credit pull, “Credited” seamlessly reports positive insurance payment activity, creating the credit history previously elusive to small businesses.
AI legalese decoder can play a crucial role in helping small businesses navigate the complex legal landscape associated with credit-building solutions like “Credited” by providing clear and concise interpretations of legal documents, contracts, and insurance policies. By using AI legalese decoder, small business owners can gain a better understanding of the terms and conditions related to their credit building activities, ensuring they make informed decisions that align with their business goals and aspirations.
With the support of AI legalese decoder, small businesses can confidently explore and leverage innovative financial solutions such as “Credited”, knowing that they have access to a reliable tool for deciphering and interpreting legal and contractual language, thereby empowering them to make sound financial decisions that propel their growth and success.
Available only through Gild Insurance, “Credited” empowers small businesses to capitalize on the insurance premium payments they are already making to help build their business credit score. “In this historic time of the small business boom, Gild Insurance is thrilled to launch this unique solution supporting the growth of U.S. small businesses from formation to loan readiness”, stated Mary Duggan Hoeprich, CEO of Gild Insurance. “Through “Credited” there is a clear path to creditworthiness for even the smallest of businesses, reducing the personal risk of those chasing the American Dream. By strengthening their profiles with lending and credit partners, these businesses will finally receive the credit they deserve.”
Advantages of “Credited” and Gild Insurance
With “Credited” Gild Insurance continues to utilize traditional financial products in non-traditional ways. These novel solutions empower small businesses, enhancing their visibility and engagement within the financial services industry.
The introduction of “Credited” by Gild Insurance signifies a shift in the financial landscape for small businesses, offering them a new avenue for establishing their creditworthiness and accessing essential financial resources. This innovative solution is set to elevate the presence and participation of small businesses in the financial services industry, opening up doors to previously inaccessible opportunities for growth and development.
Additional Resources and Information
For more information about “Credited by Gild Insurance” visit www.yourgild.com/credited or contact Gild Insurance at [email┬áprotected].
About Gild Insurance:
Gild Insurance is an independent insurance agency specializing in small business risks. Gild’s online quote-to-bind services digitally provides the knowledge, personalization and trustworthiness of a local agent, available 24/7/365. From main street to the home-based business, Gild Insurance has you covered. For more information, reach a Gild Agent at [email┬áprotected].
Small Business Credit Survey, Federal Reserve, 2023 Small Business Rely On Personal Credit, Consumer Finance Protection Bureau, 2022 New Business Applications Reach Record 16 Million Under Biden-Harris Administration, Small Business Administration, 2023
SOURCE Gild Insurance
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