How to get business credit for side hustles? Do you need 10,000 20,000 or
even $100,000 for your side hustle to really take it to the next level? Well,
I know some secret ways to take that side hustle to a million dollar business and weeks,
not years, and I'm gonna share with you all of the secrets in this video. Let's go.
I'm going to share with you the easiest ways to turn that side hustle into a legit business
so that it qualifies for business funding, I'm going to share with you the secret ways to get
double the funding that people normally get for their businesses, I'm going to share with you the
biggest trap that you need to avoid when applying for business funding. 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
at 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. There are so
many benefits when it comes to having your own business. You basically can have unlimited income,
you can make your own schedule and set your own hours. Being an entrepreneur really allows you to
be free. You can have time freedom, you can have the freedom to work with the clients and do the
services and sell the products that you want to sell. It has changed my life. When I worked full
time, I had to go to the office when they told me to, I had to leave when they told me to and
they controlled my income. But when I became self employed, when I became an entrepreneur,
I was able to control my own destiny, I could work when I wanted to and I can make as much money as
I wanted to. There was no cap on how much money I could make. If I decided to work all the time
and make a lot of money then I could do that if I wanted to just take some time off and chill and do
what I wanted to do with my family, I was able to do that without having to ask for someone's
permission, ask for time off or worry about losing my job. When you have a business and you create a
successful business that can run without you, you literally can even take time off without
the business falling apart. You just can't do that when you have a job. So becoming an entrepreneur,
building a real business is what's really going to change your life and take you to the next level.
So let's talk about how you get that done. First thing that you need to do when you are taking your
side hustle and turning into a real business is you must set up a business, you need to get your
business registered with the Secretary of State. In other words, you need to file for an LLC,
a limited liability company, or turn it into a corporation like a C Corp or an S corp. Now,
I am not an attorney or tax professional so I'm not going to advise you on which type of entity
you should get. But for the record, when I started my business, I got a simple LLC, it costs me just
a couple of $100 and it really does protect you and offer you so many benefits, like protecting
your assets and gives you great tax deductions. But again, consult with your professional so that
you can decide which entity is best for you. Because like I said, I started with an LLC,
but now I have S corps and C corps. So depending on you and your type of business, you may need a
different type of entity. So just know that you can ask a professional and they can advise you on
what's best for you and your business. Either way, set it up, get it registered with the Secretary of
State because this is the one thing that's really going to make your business a real business and
change the entire trajectory of where your business currently stands and turn it from
a side hustle into a legit in that business. The next thing that you need to do is get your EIN,
which stands for employer identification number. This is like your business's social security
number and getting this is so quick, easy, and it's absolutely free. Just go to irs.gov, click
the button that says apply for an EIN, and you can get your EIN. The next thing that you're going to
need to take the side hustle into a real business where you can get lots of funding is to set up a
professional address. Now, of course, when you're setting up your business and you registered with
the Secretary of State, you may have used your home address or something like that. But I do
not recommend that. I recommend that you actually do like a virtual office or get a postal address
that has a physical mailing address and use that as your business address. Yes, you can use your
home address, this is absolutely okay. However, when we are talking about getting business funding
is super important to have a physical business address, because this will open up the door to get
lots of funding for your business and it's really inexpensive. There are options like Regis, Opus,
or even me, Nuu office, that's N U U O F F I C E.com. We literally have a new program where you can get a
virtual business office for just a few dollars per month. It's not very expensive. I think we have
plans starting at just $50 per month and this will even allow you not only to have a physical
address, we can also accept mail on your behalf. So it's truly is your business address and if
you want to get additional services, like have conference meeting space, or meet clients there,
we have an office in Orlando, Florida that you can come and visit and even meet clients there. Again,
you can do this with lots of different companies, Nuu Office is just one of the options. But Regis
and Opus and Ipost are some other options that you can use that are super inexpensive
that will open up the door to setting up your business and having a real physical address. The
next thing you're going to need is a professional website. This is really big. Most people know that
you need a website, you're probably watching me on the internet right now. My website is Noelle
Randall.com, all you have to do is go to Google domains or GoDaddy and buy your domain name,
you can choose what you want. It's usually very inexpensive, like maybe 10 or $15 per year. And
then you get a website which you can make yourself or pay someone on Fiverr or Upwork to build your
website for less than 50 bucks. Again, very inexpensive, but it is the key to getting
lots of business funding without spending very much money. Once you get the website,
you're also going to need a professional phone number. Again, super easy. You can use companies
like freedom voice, grasshopper, or just call to get a professional phone number and you'll need a
professional email. Once you have the professional domain and the professional website, very easy to
create an email address. For example, if you buy the domain, ABC properties for example,
you can get an email that says your name at ABC properties.com and this will open up funding for
you and your business much better than just using a Gmail or a Hotmail email that most companies do
not think is legitimate. Again, super inexpensive and you can get all of these things done in just
one day. Okay, now let me get to the next point because this is amazing. Whoa, are you loving
this information that I'm sharing? Make sure you subscribe to this channel. We are going to
a million subscribers and I need your help and in fact, I am rewarding my subscribers in the process
with all of my contests, even giving away cash prizes and cars. So subscribe to this channel.
Click that little notification bell and look out for your chances to win cash prizes and the car,
back to this video, to your success. Next thing you need to do is get a business checking account. So
many people do not realize how easy it is to get a business checking account. Even if you have bad
credit, you can get a business checking account. Now I recommend using a midsize bank. Yes,
you can go to WellsFargo, Bank of America or Chase Bank. But I do not suggest that for new
entrepreneurs. I suggest using a mid sized bank like regents bank, PNC Bank, Ozark. Banks that are
not large banks with millions and millions of customers but also not local banks that are
only just one location. You really want to use banks that they have multiple locations because
they will offer you some services and a lot of times they have an advertised programs for
entrepreneurs. I literally got my first business checking account with Bank of America or Wells
Fargo but they never offered me any money. But when I got a business checking account
with regions bank, for example, they immediately offered me a business credit card and a business
line of credit. I couldn't believe it. Many times these mid sized banks have an unadvertised programs,
especially for entrepreneurs that are minorities, women, or veterans. So use a mid sized bank and
get that business checking account right away. Another option that I truly recommend is an online
bank like NorthOne for example. I literally have a link below. You can set up a NorthOne business
checking account really easily. In fact, you can set it up in less than three minutes and do the
entire thing online, they'll even give you a business debit card that you can literally use
all across the world for little to no fees. They also integrate with stuff like QuickBooks, PayPal,
Stripe and many other services to make it really easy for you to run your business. I literally
love NorthOne banking, and many of my students are finding that it's a great way to quickly use
those business checking account statements to get business funds. The last thing that you're
going to need to really turn that side hustle into a multimillion dollar business is you're going to
need what's called merchant processing. That's where you're able to accept credit cards, you
literally can get this done in a matter of minutes with companies like PayPal, Stripe, QuickBooks,
and square. Those are four easy ones that you can set up in a matter of minutes and you can do the
entire thing online, all of those companies will offer you the ability to integrate their
services with your checking account. So all of the money that you receive from your credit card
statements will automatically transfer into your business checking account, it's super easy to do
this and with just three months of those merchant processing statements, and those business checking
account statements, you can qualify for 10, 20 $50,000 in business credit, even if your business
is just a startup and you haven't been in business for two years. I literally have had students and
myself that have gotten loans with PayPal square, Stripe and QuickBooks in just a matter of months,
it is an easy way to turn that quick side hustle into a legitimate business and get even more
funding for your business because in many cases, with those loans with PayPal, stripe, square, you do
not have to make any payments, they literally will take a portion of your future sales to pay back
those loans and once they see that you're still doing business and your business is going strong,
they will lend you even more money, which will help you grow your business even faster. One of
the things that I recommend when you start to get those business funds is to spend that money
on marketing, advertising so that you can grow your business. You really want to show these companies
that you are serious about your side hustle and that this is really a real business. This way,
they will lend you even more money for your business and your business can grow even
further. Additionally, if they give you 10,000 $20,000 for example, don't spend all of it at
once. Keep some of that in reserves. So for example, if you get $10,000, make sure that you
only spend maybe $7,000 of it so that you have 3000 of it in case anything goes wrong and you
can use that money to make payments on your other loans. This is a simple way to get your business
going, grow the business really fast and get even more money for your business in a matter
of weeks, not years. I have a special offer for you where you can get all four of my books where
I teach you all of this and you get these books absolutely free. Go to noellesbookoffer.com and
get all of these books just cover the shipping. That's Noelle and N O E L L E with an S, book, B O O
K, Offer, O F F E R. Noellesbookoffer.com Get my real estate millionaire secret book, get
my Toro millionaire secrets book, get my B&B millionaire secrets books and for business because
this is what we're talking about that business credit, those business funds, I have millionaire
business secrets that goes through all of that stuff that I said in detail with templates,
scripts, and even some scripts so you definitely get approved for those business loans. Again, you
can get all four of these books absolutely free at noellesbookoffer.com. 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.