It's Ty Crandall, with Credit Suite and in this short video we're going to talk about your
business phone number and we're going to talk about how not having your business phone number
set up the right way will cost you the ability to get loans credit lines and business credit cards.
So we call this fundability and when it comes to fundability this is the
criteria that you must meet to be able to get loans get credit lines and get credit cards.
Lenders and credit issuers have a secret set of criteria that you must meet to get approved
and oftentimes when people are denied it's not because your credit's not good it's not because
your revenue is not high enough it's because you don't meet these basic fundability factors
and one of the fundability factors is your business phone number. How you set up your
phone number and what you don't do with your phone number makes a big difference on whether
or not you get approved for funding or credit when you actually need it. So when it comes to business
phone number the best type of business phone number you can get is a real physical business
phone number through a business business phone line. So if you have a retail location
and you can get a business phone line in there it's the best most credible form of business phone
number you're going to get. Now a close second is one that's really easily accessible for all of us
and it's called a VOIP or a Voice Over IP so you can also go to places like Freedom
Voice or RingCentral and get a phone number for them for your business and those work very well
as well. Now when you get that business phone number make sure you get a fax number as well.
Even though having a fax number won't typically get you denied it goes a long way to making you
look credible when it asks for a fax number on the application and you actually can provide
that you have a fax number, and the great thing about places like Freedom Voice and RingCentral
is that they will easily give you a phone number that's the same as your fax number for very little
money they'll make your phone number your fax number and you have a phone number you can put
into that space on an application for credit or financing that makes you look more credible.
now once you set up the business phone number get a toll-free number it's one other thing
that lenders and credit issuers love they love it when you set up a toll-free number because it
makes you look more credible. Let's be honest most of us now with the internet are doing business
all across the nation, some places aren't like pizza places or restaurants or bars but the rest of us
are actually doing business regionally or we're doing business nationwide. So having a toll-free
number makes you look more legitimate to lenders and credit issuers and goes a long way to getting
you the money you want at the absolute best terms and one of the best kept secrets that
lenders and credit users won't tell you is that you need to get the phone number listed with 411.
This is one of the very basic credibility checks that lenders and credit issuers use to determine
if somebody's just getting their business off the ground or they're already established
because businesses that are just getting off the ground aren't listed in 411. To get listed in
411 you have to organically be picked up which means your phone number is on Google it's on Bing
it's on Yahoo then 411 finds it from there and creates a 411 listing you can't go to 411.com
and list your business 411.com isn't even 411 it's why lenders and credit issuers use 411
because it's very hard to fake that you're set up with 411. Now there is one hack that I'll teach
you to do it and it's called listyourself.net if you go to listyourself.net it's the only solution
I've ever found to successfully get listed on 411 without organically getting picked up by listed of
being listed on places like Yahoo, Google, and then so listyourself.net will help you list that phone
number with 411, but make sure your number is listed with 411. When it comes to building
business credit this is one of the basic criteria that a lot of trade vendors use before they'll
give you credit and when it comes to getting loans and when it comes to getting credit lines
this again is a very basic initial check that a lot of lenders and credit issuers do. So if you
follow my advice here then you look mwah beautiful on paper to lenders and credit issuers and
it helps you get be more fundable and the cool thing is when you do this the right way the first time
you don't have to worry about doing it again. Now one other tip I want to give you is to make sure
your information is congruent okay one of the biggest reasons that loans and credit cards get
denied is because the information you put on the application isn't the same as other places they're
looking online. So get your phone number set up for your business and make sure it's the same on
all of your online listings on Google on Yahoo on Bing on the Yellow Pages on your website
on your social pages even the secretary of state if they list your phone number
make sure that that phone number is listed everywhere the exact same make sure it's the
same phone number that's on your applications for credit and financing. If you follow my tips here
then you are well on your way to getting money for your business at the best terms but to learn more
fundability criteria and to also learn the steps to build your business credit grab our free guide
at creditsuite.com/ or actually just go to creditsuite.com if you go to creditsuite.com
you'll see an offer right there to grab our free guide or go to creditsuite.com/ein
to get our guide that maps out the steps of building business credit including step one
which is improving your fundability. So you can get the most money for your business at the best terms.