Should you build your business credit? Well during this trading we're going to talk about
everything you need to know about why you may want to consider building business credit. We're
going to talk about using business credit to get funding to grow your business even if you can't
qualify for any other kind of financing, we're going to talk about how to use business credit
to get your business to fund itself we're going to talk about an overview of the steps you need
to know to build your business credit i'm going to give you my best tips and tactics along the way to
be able to build business credit quickly and if you stick around to the end, I'm going to get you
access to my step-by-step business credit building guide that's been downloaded over a million times.
So needless to say it's pretty popular, we got a lot to cover during this training, so let's dive in.
So should you build your business credit? Well there's a lot of things to know about business
credit building, first of all your business credit reports are publicly accessible to anybody that
wants them. That means lenders credit issuers are oftentimes using these reports and pulling
them to make all kinds of decisions about you but you don't even know it because they're not
required to actually notify you when they do, now beyond that your clients your competitors
potential investors in your business they can all access your business credit reports as well, so you
want to kind of think of it as your credibility, your credibility of how you actually represent
your business. Now lenders and credit issuers specifically use your business credit reports
to determine three things, one should you get approved or denied for credit and financing, two
how much money should you get, your credit reports actually have a recommendation
for how much credit issuers and lenders should give you, and what kind of terms you pay.
If you have low or low or you have high credit scores on your business
credit reports that's the key to getting low interest rates on credit cards and financing.
Now other things you need to know about business credit is that it's easy to get, business card
is the only type of money you can get for your business when you really can't qualify for other
kind of funding. Now other kind of funding requires you have consistent cash flow it requires you have
good credit requires you have collateral you need one of those three things to get almost any kind
of other business financing, but business credit doesn't require cash flow credit or collateral
for approval. So something that's really easy to get almost any business can get it as long as
you have a business entity set up doesn't matter if you're a high risk industry doesn't matter if
you're a non-profit doesn't matter if you struggle to get money before or if you're just getting your
business off the ground you can qualify to get business credit. Now the nice thing about
business credit is per SBA limits on business credit cards are 10 to 100 times higher than
with consumer credit, so not only are you able to qualify for financing but you're able to come in
and get very high limits of 10, 20 $30,000 even 30 to 60 days in the process, and the other nice thing
about business credit is that it's very quick and easy to build. Once you understand the steps which
I'm going to get you a guide that breaks down the exact steps for you at the end of this training,
then you're able to come in and start being able to qualify for business credit accounts
right now and then every 30 to 60 days qualify for another tier another tier in another tier.
You can also use business credit to be able to come in and get starter vendor accounts, accounts
that you can get as a brand new business just to get your business off the ground.
Then you can actually go to get credit with almost every major retailer from Staples to Office Depot ,
Lowe's, Home Depot, Nordstrom, Macy's, Sam's Club, Costco, Apple, Best Buy almost every kind of major
retailer even including Walmart, and Amazon offer this kind of corporate credit without a personal
guarantee and without a personal credit check. Two more major benefits of building business credit.
When you do it the right way, there is no personal credit check involved, so no matter how bad your
consumer credit may be you can still qualify for business credit because it's not based on
consumer credit quality, as a matter of fact, if you follow the steps that I'll outline, and the
guide I'll give you at the end of this training there won't even be a consumer credit check to
qualify for any of the credit that you're actually going to get, and there's no personal guarantee.
What that means is it means there's no personal liability you're not signing as a guarantor so
for any reason you ever default on any business credit debt it doesn't come back on you they go
after the business assets not your own, so it keeps you and your family safe and protected.
So a lot of benefits of building business credit and one of the best is that it makes it easier for
you to qualify for financing. When it comes to getting loans when it comes to getting credit
lines lenders aggressively look at your business credit reports to make the decisions, again
on how much money you're going to get and the rates and terms you're going to pay, so
in your business if you want to get max funding as you get the business off the
ground and as you continue to grow business credit's essential, as a matter of fact, if you
ever want to qualify for an SBA loan you have to have business credit established.
SBA requires a minimum score of 140 with the FICO SBSS and you can't have
mathematically a FICO score of 140 or higher if you don't have established business credit.
So there's a ton of benefits to build business credit and ultimately it's not a difficult process
you start by improving your fundability by setting up your business where it's credible right from
the beginning, then you come in with start getting starter vendor credit these are vendors that will
give you credit even when you have none that you can use to be able to ease cash flow and get the
money you need to grow your business. Then you start growing quickly to get high limit accounts
with most major retailers, you can get fleet credit to get fuel repair and maintenance of
vehicles in the next tier, and then the final tier gets you Visa Cards, MasterCard, Auto Financing,
and you can actually get to the very end of this process in six to eight months like
many of our clients do if you're working with a team like ours to be able to help you get there.
So a lot of benefits of building business credit how do you do it well make sure you grab our free
guide at creditsuite.com/ein creditsuite.com/ein this guide
maps out the step-by-step process to improve your fundability to navigate through the tiers to get
high limit business credit accounts quickly, and if you want to get your business credit reports
for free and more tips and tactics to build your business credit, then give us a call for a free
consultation. On this funding call, we will actually do three things for you, we will do a fundability
assessment to help you improve your fundability to get maximum funding for your business.
We'll do a quick qualification to tell you all the loans and credit lines you can get now a lot
of entrepreneurs qualifying, they don't think they can, but most importantly will help you get your
business credit reports at no cost and we'll go over those with you and give you tips and tactics
to start building and improving your business credit. You can get that consultation by giving
us a call at 877-600-2487 or scheduling online at creditsuite.com/consult, did you get
value from this training? If so, make sure you like and subscribe to keep your eye out for the next
training we're talking about more cool ways to get the
money you need to start and grow your business.