First things first, if you want more money for your business, you're going to need a business
checking account. NorthOne offers business checking accounts that you can get set up in
less than three minutes and you can do it all online. All you do you open up your browser,
you're going to type in NorthOne, very simple, you're going to then log in and register account,
opening a new account. As you can see, I'm clicking here I'm showing you different ways
on how you can easily open a new account for yourself and for your business. Your business
is going to have to be registered with your state, your Secretary of State, because you actually need
a business. Once you have your account all set up, you will see that having a business checking
account with NorthOne is amazing and simple, you can actually integrate all of your different
merchant processing accounts. For example, if you have PayPal or Stripe, you can integrate that into
the account and those deposits will go directly into your NorthOne account. And then you will not
only have statements from your merchant processor like PayPal, Square or Stripe, you'll also have
business checking account statements from North One that you can just pull down digitally,
you can just download them and create a PDF of them and now you have all of your statements in
one place. Check out the link below add NorthOne and get your business checking account today. This
way, you can use your business checking account statements and many lenders will lend to you with
just that information. Get your business checking account today with NorthOne and get this debit
card that you can use anywhere in the United States absolutely free. Now back to this video.
How to build business credit fast? Are you ready to get lots and lots of business credit cards,
lines of credit and loans for your business so that you can grow your business the same
way that I did? Well, in this video I'm going to share with you my secrets on how to build
business credit fast so you can have lots of funds to grow your business just like
I did. Let's go.
Let's talk about business credit. Business credit has changed my life because it changed my
business. But there's a big difference between business credit and personal credit. So let
me quickly tell you the difference. Most of you already know about personal credit, you've probably
heard of Experian, Equifax, and TransUnion those are the three credit bureaus for personal credit,
you probably know that if you borrow money, you'll have trade lines on your credit report,
and you'll have a personal credit score called a FICO score. And many of you probably already know
if you have a great personal credit score, you can borrow lots of money in your personal name and it
will report on your credit report. But business credit is just like personal credit, only better.
There's still Equifax but it's Equifax business. There's Experian business, and there is Dun and
Bradstreet. Dun and Bradstreet is the number one business credit reporting agency because they've
been around the longest. And the great thing about business credit is that it does not report on your
personal credit report. Business credit has its own credit reporting agency, like I said,
those three agencies and you'll have your own trade lines for business credit, and you'll have
a business credit score. For Dun and Bradstreet is called a Paydex score. I'll get to that a little
bit later. But the great thing about business credit is you can borrow in your business's name,
and it doesn't report on your personal credit. And you can usually borrow a lot more for your
business than you ever could in your personal name. Additionally, that is your business credit,
meaning if something happened to your business or you are not able to pay, in many cases,
it would not affect your personal credit score. Business credit changed my life because I was
able to borrow way more in my business's name than I ever could in my personal name. And I found that
there were lots of lenders that wanted to lend to businesses way more than they did want to lend to
personal people. I'll explain a little bit more on that later. Let me get to the next point. So let's
talk about how you build business credit fast. The first thing that you're going to need, of course,
is a business and you're going to have to get your business registered with the Secretary of State.
There are three different types of registrations. You can do an LLC, a limited liability company,
or you can do a corp, a C Corp or an S corp. Now Noelle is not an attorney or tax advisor. So I'm
not going to advise you on what type of business entity that you should get. However, I will share
with you that my first businesses were all LLCs, it was simple and easy process and it didn't cost
very much money to get them set up. The next thing that you're going to need is an EIN which stands
for employer identification number. This is like your business's social security number and you can
get an EIN absolutely free. Just go to irs.gov. I'll show you a clip on how you do that right here.
The next thing you're going to need is a professional website, a professional email and
a professional phone number. This is all really easy stuff to do. In order to get a website,
you're going to need a domain, which, for example is like noellerandall.com. I bought that domain
from Google domains or you can use places like GoDaddy or Ethics and things like that. There's
lots of places to buy a domain for your business's website. And you can easily buy a professional
email so that you're not using a general one like Gmail or Hotmail, or something like that. Once you
have these five things, businesses will literally lend to you, I'm going to share with you how to
get some tradelines really quickly so you can start getting those credit cards quickly. One
of the things that you're going to notice is that you're going to need a professional address for
your business. Now when you set your business up, of course, you can use your home address. However,
I do not recommend that. If you want to get lots of money for your business, business credit cards
like American Express and things like that, you're going to need a professional office. But the fun
thing is you do not have to rent or lease office space, you can get what's called a virtual office,
I have a great option for you called Nuu Office. It not only comes with a virtual
address with a physical address so that you can have a real address for your business. You will
also be able to receive mail. Check out nuu office.com powered by NuuRez Incorporated,
that's N U U O F F I C E. nuuoffice.com You can get a virtual office with a real address instantly.
Now that you have everything for your business, let's talk about how you will quickly build your
business credit report fast through Dun and Bradstreet. Once you go to Dun and Bradstreet,
you will get your DUNS number. This is like your business's identification number for
the credit reporting agency Dun and Bradstreet, many entities car dealerships, leasing companies
and all different types of lending agencies will look up your Dun and Bradstreet credit report. But
the great thing is you can get your DUNS number absolutely free. Just go to dnb.com and set up
your business using the following information. Your business name, your EIN, your physical address,
the phone number, the email, all of the things that I said that you need, you will just enter
that information in they will then send you a code via mail, you will receive a code in the
mail from Dun and Bradstreet because they want to verify who you are. Once you receive that number,
you will go back to Dun and Bradstreet website, enter that number and you will be all set. This
is the beginning of how you will get a great business credit score. Now that you have your
DUNS number all set up and your business is ready to go, now it's time to build trade lines. Trade
lines are actual credit that people have lent to your business. Again, in your business's name. I'm
going to give you some companies right now that will lend to you even if you're a startup. One
of the companies is a company called Uline. That's U L I N E. It's a company that lends to businesses
and help businesses get equipment, supplies and things like that for their business. You can
buy simple things for your business like paper or laundry detergent, they sell all different types
of things for businesses. Uline will invoice your business and that will give you 30, 60 or 90 days
to make a payment. In other words, you can get the items right away and you don't have to give them
any money. In order for this to report to your credit report though, you need to spend at least
$50. Two other companies are called Granger and Quill, they are very similar to Uline being that
they won't lend money to other businesses. Granger is spelled G R A I N G E R and Quill is Q U I L L.
These are three companies that I know that offer invoices even to new companies and offer invoices
and they report to Dun and Bradstreet helping you build trade lines really fast so that you can get
that business credit and built really quickly. The next step once you receive those invoices,
make sure you pay them on time, then you will go back to Dun and Bradstreet and you will pull your
credit report. You will usually want to wait 30 to 60 days to make sure that those trade lines
are reporting and then you can easily go to the next step. The next step to building business
credit we'll be getting store credit cards or even gasoline cars like Chevron and Texaco. Once you go
to Dun and Bradstreet to check your credit score, you will have what's called a Paydex
score. This is very similar to your FICO score in your personal credit world. A Paydex score
ranges from zero to 100 and any score over 80 is considered a great business credit score. I have
seen students that have been able to get a Paydex score over 80 with just those three trade lines
that I named to you. It's an amazing way to start your business credit journey and it will quickly
build and people will lend even more money to your business than they will to you personally.
Are you ready to take your business to the next level? You can get all four of my books that go
into deep dives on how to build businesses and business credit and get millions of dollars in
business funding. Go to noellesbookoffer.com and get all four of my books. This one here especially
will teach you how to build business credit and again, you can get it absolutely free. Just go
to noellesbookoffer.com You just cover the shipping. This book here will teach you exactly
how to build business credit. This book here will tell you about Airbnb, turning your Airbnb from a
side hustle to a real business. This one talks about Turo and that as being as a side hustle,
and this is my staple book, Real Estate Millionaire Secrets, that took me from my parents basement to
a multimillionaire. Get all four of these books at Noelle's. Book Offer I just want to make sure
that you have all of the resources, all of the tools and all of the knowledge that you need to be
successful. This is Noelle, to your success.