How to get funding for your small business?
This is a question I get all the time.
People are always asking me "Noelle, how do I get funding for my small business?"
Well, as a veteran entrepreneur, a veteran business owner, small business owner; I'm
going to tell you exactly how and so that you don't make any mistakes.
Let's go.
I'm going to share with you the number 1 answer that you need to unlock funding for your small
business.
The second thing that I'm going share with you is the secret sauce that I have learned
as an entrepreneur, as a small business owner of over 15 years.
I'm going to share you all the secrets sauce so that you don't make those mistakes that
I made.
And last but not least, if you stay to the end, I'm going to share with you a secret
special resource just for you that will help put this whole thing together.
The first thing that you need to do is review your situation.
What is you business situation?
Do you have a business license?
Are you registered?
Are you an LLC?
Are you a DBA?
Are you an S corp?
Are you a C corp?
What type of business are you, okay?
Do you have a business phone number?
Do you have a business email?
Do you have a business address?
You can have a virtual address so you can a physical address.
But do you have that?
Do you have a website?
How do people reach you?
What is your current business situation?
You need to write those things down.
All of those things that I've just named, if you have them or if you don't have them.
Because you want to highlight your strengths.
So, say for example you do have the business license and you have the website but you don't
have the business phone number yet.
That's okay.
But start to write down all of the things that you have in your business that people
will be looking for and then highlight your strengths, okay?
Highlight the things that you already have and the things that you already can do very
well on your business.
Once you've done this, you need to asses now, do you need funding?
Okay?
And I'm going to tell you the answer is probably yes.
Many people say, "I'm doing fine.
I'm small.
I'm going to go really lean."
And that's a totally great way to do it.
But as an entrepreneur for many many years, veteran entrepreneur, I can tell you, you
probably need business funding.
You probably want to seek business funding for your small business.
It has been proven.
And there's tons of study and tons of statistics that tell you that businesses that are well
funded and not well capitalized, they do much much better than businesses that are short
on money.
In fact, I've read an article very recently that just said that most business fail because
they don't have the proper funding to keep going.
And if you go ahead and you start getting business funding before you need it, okay?
And you're thinking about your business and saying, "I'm going to go ahead and apply and
get funding."
That is the smartest thing you could do.
Next, you want to check your personal finances and your personal credit score.
Yes, you are going to get funding for your small business.
However one of the things that many of those lenders, the banks, the investors that they're
going to looking for is you.
What is your current situation.
So, yes.
What does your business have?
Name all of the assets.
Again, having a website and a phone number and address, all of these things are assets
for your business.
But what personal assets do you have?
Do you have good personal credit?
Do you have a mortgage already on a personal home?
Do you have a checking and a savings account in your personal name?
What is your personal credit score and your personal finances?
And again, do the same thing.
Highlight the strengths.
Okay?
We're not going to go in them and start talking about the bankruptcy from 5 years ago and
the late payment that you paid to Chase.
We're going to highlight the strengths, okay?
So, if you have..
You're looking at your credit report.
And I'm going to give you a link below.
It's myfico.com, okay?
There's a link below.
You can pull your own personal credit score for free, alright?
And I know there's some other companies out there like Credit Karma and few others.
Again, I never say anything negative about other people's companies.
I just tell you what the best thing is for me and my students.
And one of the best credit scores and a better way to look at it is myfico.
Myfico.com.
Again if you need a link.
That's going to pull your personal credit.
You can pull it for free.
And you can start looking.
And again, highlighting the strengths.
How many accounts do you have that you did pay on time?
How many accounts do you have that are in good standing?
Things like that.
Don't just focus on your credit score and go to people and say, "I got a 640."
Because sometimes your credit score is not a highlight of your strength.
Now, if the credit scores is great and there's only a couple of tradelines, perfect.
But if you have a ton of tradelines and you've been doing this but your credit score is not
that hot, you probably still have some good tradelines that you can mention and you can
start to highlight to the lenders and to the banks.
So, go ahead.
Go to myfico.
Start looking at your own personal situation and asses what your strengths are.
And then you apply.
Start applying for loans, okay?
Once you have your own...
Again, do not start first.
Do not start applying first.
This is the problem and the pitfall of so many people make.
They'll just google how to get funding.
And that's not the right thing.
You may have done that and came across to this video.
But I gave you those previous steps.
So, don't just jump to this step and start applying.
Do those other things first.
And if you need any help, here is the super secret resource that I'm going to give just
to you.
You can call my office.
I literally have hire more staff.
And we have few things going on.
I had to re-shifts some of my employees.
So, I have a lot of people that are actually helping a lot of my students with their business
credit.
And so, they may be able to help you as well answer few of your questions, point you in
the right direction.
We have a lot of help for you.
All you need to do is call 888-479-4542.
Again, 888-479-4542.
It's written right on the screen for you.
You can talk to a live person on my team.
An actual professional.
Not just the customer service reps.
Someone that literally has a business, is a business owner, has experience and can literally
point you in the right direction or help you with your special situation.
Now, again.
Do not call if you are not ready.
Do not call if you have not done those other things.
Because if you don't know your own situation and things like that, the call is not going
to be very long.
And they're not going to be able to help you.
But if you done some of those things and you're just looking for a little bit of clarification
or you need just a little bit of help, my team, my credit specialist are available to
help you.
So, use it.
Get the funding that you need.
It's available.
There's tons of money out there for small business.
And I want you to get your share.
So, go ahead and like this video.
Please subscribe to this channel.
Make sure you click that little notification bell so you do not miss any of the videos.
I am putting out every single weekday just you.
I want to give you all of the free information that I can so that you can be successful in
your business.
This is Noelle and that is my gift to you.
To your success.