Is it ever okay to mix personal and business money?
We asked the experts—and their answer might surprise you.
In this video, Jason Zeager of Pacific Business Funding and Amy Spandau of Ablaze Financial talks about "Commingling of Credit and Commingling of Financials" and why it matters to business owners.
KEY TAKEAWAYS
Commingling of Finances is a Common and Risky Mistake
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Many small business owners mix personal and business finances, either in credit or bank accounts.
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This practice leads to accounting confusion, tax challenges, and difficulties securing funding.
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Jason sees this issue on the credit/funding side, while Amy sees it in bookkeeping—same problem from two perspectives.
Use Personal Credit to Build Business Credit
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Early-stage businesses rely heavily on the founder’s personal credit.
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Best practice: Get business credit cards using personal credit (under the business EIN).
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This builds a track record for the business, allowing access to more capital later.
Delegate Financial Admin to Stay Focused
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Founders wear many hats—doing bookkeeping or financial setup is usually not the best use of their time.
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Outsource early to pros like Ablaze Financial to save time and reduce errors.
