Would you like to know the fastest and easiest way to build your business credit, well I'm about to
reveal to you everything you need to know to build business credit for your EIN that's not linked
to your personal Social Security Number, I'm going to show you how to get business credit
regardless of how good or bad your credit may be I'll show you how to get business credit with no
collateral even as a startup even in a high risk industry. I'm going to show you the steps to build
business credit, I'm going to reveal the vendors you want to start with to build your initial
credit profile and score. I'm going to sprinkle in some of my best tips and tactics to take years off
this process and condense business credit building to only a matter of months and if you stay around
to the end, I'm going to get you access to our business credit building checklist with over a
million downloads this is by far the most popular guide on building business credit
and will give you everything you need to know to succeed we've got a lot to cover, so let's dive in.
So when I talk about business credit I'm talking about credit that's built for your business EIN
number this is a whole separate credit profile then credit that's actually built to your personal
social, so obviously you're familiar with consumer credit it's linked to your Social Security Number
it's used for you to qualify for mortgages and car loans and credit cards and all kinds of things
that you need financially on the personal side of your life, but business credit is the commercial
side this is where your business can build a credit profile and score and then it can
use this credit profile score to qualify for all kinds of financing it's kind of a shortcut
way for your business to fund itself where it doesn't rely on your personal credit or personal
guarantee, now a lot of benefits here when you build business credit your personal credit doesn't
matter matter of fact I'm going to teach you in this training how to do it where your personal credit's
not even looked at so no matter how good or bad your personal credit may be there's no inquiry on
your credit reports you don't need to check your personal credit and you're able to get approved,
plus with business credit building you're able to get very high limit accounts. So these are
business credit cards not consumer and the limits are 10 to 100 times higher than what you're going
to get on the consumer side per SBA so very high limits plus business credit building gives you a
good reputation it's accessible anywhere. I mean anybody that wants your credit reports whether
it be a prospect a client a competitor anybody that wants to access your business credit reports
can do so you've got to control your business credit quality just to have a good reputation
for those people that you obviously want to impress including credit issuers and lenders
and having business credit will help you get approved versus denied for credit and financing.
It helps you get approved for the most amount of money and it also helps you get approved for the
absolute best financing terms. And speaking of financing what's good about business credit is
you can get it even if you can't get other kind of financing maybe you're a startup and you're
a high risk industry and you've got credit issues and there's all these things against
you and you've tried to get loans you try to get credit lines but you've been denied, well business
credit building helps you build a credit profile and score that makes you fundable just based on
that credit profile and score. So you can get all kinds of high limit credit cards for your business
based on your business name once you build that credit profile score even when you can't get any
other kind of business loan or credit line, so it's a catch-all way for you to get financing
even when you can't get other kind of financing. So there's just so many benefits of building business
credit but I think the absolute most important is it's a solid way for your business to fund itself,
so it doesn't rely on you as much personally to carry it. So now we've talked about why you want
to build it let's talk about how to do so. The very first step to take when building business credit
is that you want to set up your business where it's actually fundable, so think of it like this
if you're going in to get high limit credit cards you have no credit profile and score well they're
going to look at something else to determine if you should be approved and that something else
is just the structure of your business is your business set up where it looks legitimate or looks
credible to credit issuers that you're applying with, so there's a lot of things there's over 125
factors that we found that tie into your fundability and you can visit us
online at youtube.com/creditsuite do a search for fundability and find
information on more aspects that you need to learn. But the most important thing or make sure
you have a business address set up, you know you don't want to stay away from PO boxes and UPS
addresses you're going to either get a real retail location or use a virtual office or last resort use a
home address you want to get a business phone number never use a mobile phone or a home phone
number as your business phone number on applications for credit or financing if you can get a
licence get a license it goes a long way to give you credibility there's even one vendor who will give you
like a $2,500 credit line just because your business has a license and I'll talk to you about that vendor
a little bit later. So again have a business license set up make sure you have a business
website set up make sure you have a business email address not a Gmail or AOL like an actual
business email address has the same domain or same ending congruent with your actual website. So
my email is info@creditsuite.com our website's creditsuite.com so make sure you have that
professional email and professional website set up as well get your phone number listed with 411
there's a lot of things that a lot of these initial starter vendors will look for get a
DUNS number with Dun & Bradstreet you can do so at creditsuite.com/duns
100% for free although D&B will call you and try to sell you their credit builder which you don't need
is 100% free to get your DUNS number you can typically get it in three weeks or less. So those
are some of the basics that you want to build for your actual foundation for you to be fundable and
again a lot more to learn at youtube.com/creditsuite when it comes
to fundability. But that's some of the main things is to set up your business where it's structured
where you look credible. So I ask you that I mean when you're filling out an application for credit
or for financing every line item on the application you need to look at and you need to
say hey does this make me look credible, and if it doesn't make you look credible then why is it not
and you need to fix whatever that is so you can actually look credible get a merchant account if
you if you need one, get a business bank account so you have a bank reference anything you could do
on that application that makes you look legitimate credible do that's going to improve your
fundability it's very important, because over 80% of financing that's denied is denied not
because you don't qualify it's because you don't look legit it's because the fundability is messed
up so you gotta make sure those things are in line make sure that all the information listed online
and offline is congruent your name your address your business phone number all that is the same
everywhere and if you've done so well then you've set your business where up where it's fundable
now it's time to start getting real usable credit and building that credit profile and score. So once
you've set your business up where it's fundable the next thing is you want to start getting
real usable credit that will show on your business credit reports with Dun & Bradstreet, Equifax and
Experian where you can establish an initial credit profile establish an initial credit score now once
you have those established you can start getting all kinds of other credit which we'll talk about
in just a few minutes. So there's two main ways you can get initial credit on your business credit
report. The first of which is called credit line hybrid and with credit line hybrid you
could use your personal credit that's good if you have good personal credit or a guarantor
family member friend potential investor someone around you that has good personal credit you
can rely on that personal credit to get up to a $150,000 of credit lines
with 0% rates even as a startup even as a high-risk industry even with no cash flow even
with no collateral you can get these unsecured credit lines and they report to the business
credit reporting agency, so you can use good personal credit to sign as a personal guarantor
okay you or somebody else and then get real credit lines that will help you build business credit use
those credit lines for like anything that you need to use to grow your business. Now the other option
doesn't rely on you having good personal credit it's called starter vendors. And starter vendors
are using these vendors who will give you initial credit when you have none they also report to the
business credit reporting agencies you don't need to provide a personal guarantee to get these there
is no credit check. So which avenue you go kind of depends on personal credit quality and if you have
someone around you that will sign as a guarantor if you have someone to sign as a guarantor your
credit's good you want to go credit line hybrid it's a way to shortcut the process and cut a lot
of time off the business credit building process. But if not then you want to go with starter
vendors now some starter vendors include Quill, include Uline, Strategic network solutions is
one that's always reported before and you can also get approved with Grainger. Grainger will give you
like a $2,500 credit line just because you have a business license. So those are some although there
are definitely many more and if you follow our training on youtube.com/creditsuite
we reveal a lot of other vendors and I'll get you access to our checklist when we're done here that
can help you build business credit that has more as well. So once you've got a handful of these
vendors whether you're using credit line hybrid or whether you're using starter vendors once you have
a handful of these payment experiences on your business credit report next you want to start
getting real usable revolving credit cards. Now the next of these steps as you're obtaining real
revolving credit cards really kind of comes down to following a series of tiers. Meaning
that certain credit becomes available to you the more accounts or what we call payment experiences
are reported on your business credit report. So a payment experience is the reporting of an account
to a business credit reporting agency so if I have an account with Uline and I buy shipping supplies
and pay them back and they report to Dun and Bradstreet well that's a payment experience if i
get a vendor that reports it to Dun & Bradstreet, and Experian that's two payment experiences so that's
a hack right there is that the more accounts a source reports to, the better it is for you
because the more payment experiences you acquire even faster. So once you have a handful of
initial accounts using starter vendors or using credit line hybrid then you can start to get approved
for all kinds of retail credit. Now retail credit's available at almost all major stores from Staples
and Office Depot to Home Depot, and lowe's, sam's club, Costco even Macy's, Nordstrom, Walmart,
Amazon. they all sell corporate credit cards or they offer corporate credit cards without a personal
guarantee without a personal credit check and some of them require 5 payment experiences to
approve you some are 8 some are 10 but when you start to get 5 accounts on your business
credit reports then you can start to get credit at almost every major retailer. Now as you progress
and get 8 experiences payment experiences on your credit reports then you can move into
Fleet credit and this is you know Fleet cards, Fuel cards at places like Pilot Flying J and and
Conoco and Sunoco and Citgo and BP and Chevron you get it almost all major fuel stations offer them a
WEX Fleet cards all different types of those a lot of them report to all three reporting agencies
start to become available without a guarantee with 8 payment experiences. Now a little hack is
you can use fleet credit to start building business credit as an initial vendor but
if you're using it before you don't have any credit on your reports then they'll ask for a $500
deposit and a personal guarantee. So if you've ever been asked for that on a fleet card it's
because you don't have enough credit established to establish 8 payment experiences and you
won't need that now as you progress to the final step you have 14 accounts on your business credit
reports 13 payment experiences and one of them has a $10,000 high limit or higher. So how do you
get a $10,000 it should be easy if you're actually using the credit you get don't
get credit and just move on to the next credit source and keep applying and not using it, when
they see that you're using the credit and that you're carrying balances and that you're putting
money on the cards and paying them off then you get approved for higher and higher limits. So when
you have 14 payment experiences and one with the $10,000 high then you can start to get to the final
step where you can get computer leasing you can get auto financing and GM, Toyota, Ford for
example Ally financial offers that as well. You can even get Visa cards and MasterCard you can use
anywhere and that's really the final tier of business credit building once you've gotten there you can
get all that without a personal guarantee without a personal credit check and the more you build
your credit the more other types of financing will become available with using business credit, but a
lot of times with loans and credit lines they may want to see your your your bank statements
they might want to look at your tax returns they look at other things just in your business credit,
but once your business credits established it makes it way easier to get approved for loans
or credit lines and just using business credit by itself you can get all the way through that
process with auto financing with computer releases, and with all kinds of credit cards that you
can then use to fund your business. So now you know all the steps that everything you need to know
about business credit you know what it is how it works you know the benefits it provides you you
know how to actually build the initial business credit profile and score I've given you a lot of hacks
along the way to expedite the process and I've walked you through all types of business credit
all the way even to auto financing and Visa card and MasterCard but if you want more information
and more details on the step-by-step then you want to go to creditsuite.com/ein
creditsuite.com/ein you can grab our checklist our guide with over a million downloads
by far the most popular guide in the country on building your business credit it will give you
the details you need to succeed. And make sure you give us a call for a free consultation on
a consultation call we will do a fundability check for you help give you advice on all the
fundability aspects you need to improve we'll help you get your business credit reports with
Dun & Bradstreet, Equifax, and Experian for free at no cost. They cost you 250 bucks from the
bureau on a phone call with us they're free we'll review those with you give you tips and tactics
to improve your business credit and we'll also talk to you about all the financing you qualify
for now, we'll qualify you for loans and credit lines on that call as well. So give us a call
877-600-2487, 877-600-2487 you can also email us for your
free consultation info@creditsuite.com that's info@creditsuite.com or schedule online at
creditsuite.com/consult that's creditsuite.com/consult.
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eye out for our next training on more cool ways to get money to grow your business.