How do you get funding for business ,right? I mean, so many of us know that our
financial freedom, our future, taking our future by our own hands and making it
happen, really comes down to us being able to go into business and have all
the tools and resources. And money is the number one thing that keeps people out
of business that want to be in business. We're going to be correcting that today. So,
thank you for joining. I'm here with my good friend, Mike Banks of fun and grow.
And listen, I brought Mike all the way out here from Florida to shoot this
video for you guys because Mike is in my opinion, one of the premier experts on
this, "How do you actually get lines of credit for business?" Dude, people know how
to get credit cards for personal reasons. But you got a business idea and it might
be real estate. But you're asking yourself, "How do I actually get the money.
And I'm not talking about 10 thousand and 15 thousand dollars. We're
talking about a 100 thousand, 200 hundred thousand, 300 hundred thousand
dollars so that whatever your dreams are, you've got the finances to be able to
make it happen. So Mike, thanks for being here today.
Dude, go ahead and hit, light it up. We want to hear. What is it that you do for
people that make their dreams come true? -Okay, so what we do is we set up business
credit lines for real estate investors, entrepreneurs of any walk of life really.
And we get funding within the first 30 days. People are usually getting an
average of 50 to a 100 thousand in that first thirty day period. And we
repeat that cycle 3 to 4 times over the 12 months that we work with you
guys. -So, over that entire year, how much money might you actually be able to get
for someone on average? On average, we see folks getting between 150,000 and
250,000 on average over that 12-month period.
-Guys, this is very serious. You could go and get SBA funding. Talk about crazy
pain in the butt. I know from personal experience. You could bring a partner in
but when you're funding business or real estate, sometimes you don't want to give
up. All of the profit or half the profits or whatever your arrangement is, business
credit is a really smart tool that you can have in your back pocket that will
actually help you start that business, take that leap and actually move things
forward. So Mike, how long you been doing this? -7 years. -And in that 7 years,
how much funding have you actually gotten for people.
-Over 450 million. -Okay, so 450 million dollars that's been
made available to people just watching this video. In fact, Mike, when he
approached me, "He said, Kris, we got another one of your contemporaries on
YouTube." And we did this little video and all of a sudden, we've been lighting it
up, helping hundreds of his folks and friends actually getting credit." I'm like,
"I'm jealous. Dude, I can't do this. My people need this
resource too." Because I use business credit, I use partner money. I'm like, I'm
not letting anyone get no unfair advantage over me", right? -Right. -So, if
you're watching this video, we're going to share with you shortly what it will
take and what it will look like if you wanted to get 150,000, 200,000, 300,000.
Just make sure that you use that money responsibly for business. In my case, it's
all we coming down generally to real estate when I'm using my real estate to
fund my ventures. Because when I buy a home, I plan on making 50 to 100
thousand dollars every single time. 10 homes at 100 grand is a million dollars.
But to make that dream happen, I've got to have some funding. This today, this
video is dedicated towards one of those ways. Now, let's break it down. It's called
business credit, which means it's not tied to their person. They're actually
setting up a business even when they don't have one. Like walk me through that.
-Yeah, exactly. So, it's business credit. It doesn't show up on their personal report.
They still need to have good personal credit to qualify for it will just get
that out there in the open. But that's really the main qualifier. So, as long as
they have that credit score, they're good. -So, basically, if you've got any kind of
average of basic credit or maybe even good credit, it's not going to reflect on
your personal credit. It's not like applying and getting a credit card. You
actually set up a business entity and you apply for the credit for that
business entity and that business entity now has all these lines of credit and
that does not report on your personal credit? -Right, exactly. There's this...
There's a credit check but it doesn't report to your personal credit report.
-So, if I got a quarter million dollars that I'm using for real estate,
it doesn't show up on my personal? -No. -That my friends is one of the reasons
why Mike is actually on my wealth team. My wealth team consists of my insurance,
team of my Realtors and all these different people. But in the game of, "How
am I going to fund this?" You can watch videos that I have here if you're a
subscriber. You are right? On how do I actually you know partner with people to
get money that way or how do I go to banks and get conventional financing.
This is a third strategy which is line up your business credit because
that money can be used as a down payment on multiple properties. Means $250,000.
Let's just explore two things that you could do. 1, I could put 20% down on
five or half a dozen different properties and boom-boom-boom-boom! I got my
portfolio built up. Or I could use all that money and say, "Hey, I'm going to turn
this property quickly." I'm just going to buy a cash. And often, with the 0% interest
rate. So, those are some of the things that you can do and we've got young
people doing this. Let me ask you, what are some of your clients, you know, what
have they been out there doing and how are they leveraging these lines of
credit in general? -Well, we just had a client Vance who posted his testimonial
just recently. He bought a duplex using the credit. He's going a lot of... -So he bought it
cash? -Exactly. He use the credit as cash, purchased the duplex and put tenants in
it. And now he's refinancing into a longer term mortgage. -Dude, here's what
that means. Vance is about to pull all of his money out and do it again. Well,
actually keeping the property. That is a brilliant way of building a portfolio
for yourself. -And I personally just did the same thing. Actually I just got into
real estate. I just got my first deal signed under contract. I'm going to make
$5,000 on it because I have access to this type of credit. -So, you just
wholesaling a deal? -Yeah, house wholesaling. But it's actually but having
that funding allowed me to put money into the marketing and also purchase the
deal if I wanted to. -Now, listen. If you're watching this, you're thinking, "Man. Kris,
I get that Mike's part of your wealth team." How do I make him part of my well
team? First of all, you need to understand that being a part of my wealth team, I
get a financial benefit when people work with Mike. It's actually part of my
whole wealth arrangement, I'm going to teach you how to do the same thing as you're
building your power team. So, if you want to work with Mike, reach out to his team.
What I want you to do is click the link in the description below and what that's
going to title it's use a free consultation. In one phone call, you guys
will pretty much reveal all of their potential and how much credit they could
potentially get, right? -Yep, absolutely. And they'll get... -My experience when I went
through it. So... -Absolutely. And I'll get a couple videos that they'll be able to
watch as well. -Awesome. So if you actually want to find out how close you might
actually be to gettin immediately maybe 20, 30, 50 hundred thousand dollars
and over the course of the year. You know, 150, 250 thousand dollars, click that link
and that... That consultation is free and basically find out. Listen, if you have a
been so you've been getting into real estate
you're like, "Man, I keep using the lack of money as my excuse. It is time to put
those excuses away." And that's really what this video is about. Business credit
is real, it's available. If you know how to game the system, if you know how to
actually get that business credit put together, Mike and his team, clean
aboveboard, they know exactly how to do it. And it's pretty brilliant. I've been
watching them for a while and I'm telling you, I'm impressed. 450
million dollars from the 10 million just last month. They're
helping people left and right and dude, I can't have helped them like my YouTube
competitor. I mean it's not like we're really competing but it's like you're
helping your people ways that I should be out my people. -Right. -So, we rectified
that with this video. Take advantage of that and be one of those that actually
lines up the credit and get out there and start freaking crushing it and real
estate today.