When it comes to non-credit based small business financing, the benefits are evident. There is a very good chance you will be able to take advantage of great interest rates as long as your established business credit is favorable. Non-credit based small business financing comes in many different forms and is an excellent way to begin building your relationships with vendors. Many vendors will extend credit without a credit check if you have your Tax-ID number and a few other solidifying factors. In turn, when you make your payments to these particular vendors, they’ll report favorably to the credit bureaus—and you’ll be well on your way to building strong business credit. This can be true for the reverse situation as well. If you are unable to make your payments on time, these vendors may report late or slow payments to the credit bureaus and damage your small business credit before you ever get it off the ground. Be careful with non-credit based financing, because it’s not a loophole for lending terms. Many businesses have come to StrongBusinessCredit because they have been crippled through mischievous actions taken by owners on non-credit based payments. GETTING RID OF BUSINESS DEBT To ensure that your business continues to be successful and profitable, it may be advantageous to get rid of short term debt. Below are some helpful hints for staying most productive:  Focus on one debt at a time. If you can afford to put more money into one debt than any others without incurring late fees or bad marks on your business credit, it will be easier to rid the business of debt.  Avoid new debt. Taking out a new loan, for example, is counterproductive to paying off business debts—it only creates more.  Increase your Business Profit Margin. Higher profits should first be spent on reducing debt. If higher profits are maintained, they will soon end up in the owner’s pockets.  Strategize on YOUR plan. As discussed throughout this book, thorough planning is essential. Paying down a debt is no different. Have a plan that works for you, and follow your own directions relentlessly. The bottom line: these tips are merely guideposts; your success relies on your business plan. Always plan for the worst! StrongBusinessCredit suggests referring back to the chapter 1, dealing with business plans and proper projection planning. Within your original business plan, the bad times you may encounter should be predicted and mitigated. Without such precautions, your business is vulnerable to failure.