Would you like to quickly build business credit for your EIN that's not linked to your personal
social, without a personal guarantee and without a personal credit check, well I'm about to reveal
to you the secret five-step formula to build business credit in only 30 days.
I'm going to show you how to successfully build business credit even if you've tried and failed
before, okay even if you're trying now and not getting the results you want even if you've hired
another company and did not get the outcome that you wanted to get. I'm going to show you how to get
high limit revolving business credit cards without a personal credit check, with no collateral
requirements even as a startup even as a high risk business and get this without a personal guarantee,
without any personal liability from you whatsoever basically, I'm going to give you the roadmap to
using business credit to get the money you need to grow your business even if you can't get approved
for any other kind of financing even if you can get loans or credit lines I'm going to show you how to
use business credit to get the most money at the best terms, to simplify it I'm actually going to
show you how to get your business to fund itself using business credit. Im going to sprinkle in
some of my best tips along the way if you hang out until the end you're going to get our guide that's
been downloaded over a million times that is an in-depth look at this process as well as I'm going
to help you access your credit reports with Dun & Bradstreet, Equifax, and Experian, which normally
costs $249 from them direct for absolutely free I'm going to go over that at the end. We've helped over
42,000 business owners build their business credit so everything I'm going to go over in
this training is tested and proven to get you the intended results, we got a lot to go over so let's
dive in. Very first step of building your business credit is to improve your findability, look lenders
and credit issuers have a secret formula they don't want you to know about that determines
if you're going to get an automated approval or a denial, you know this, you've applied for a credit
card before and more than likely had one or two outcomes you either got an immediate approval
and oftentimes they even tell you what your limit is or you get that dreaded message that you'll hear
by mail in 7 to 10 days let's be honest that what you get the mail is never good it's almost
always a denial and they tell you the reason for the denial. So what causes this to happen
so quick that's what fundability is. Fundability is the criteria that credit issuers have that
they program into their computers that's actually judging whether or not you should be approved or
denied for financing, if you meet the criteria that credit issuers have you get an automated approval
if you don't you get that dreaded message you'll hear by mail because they push it for a manual
review was almost always results in a decline. So how do we get you automated approvals the
key is fundability, so first we've got to look at how your business is set up you want to choose a
corporation or an LLC over any kind of entity. You need to have your EIN numbers set up from irs.gov
it's free to get and that's what establishes you as a real business in the United States
you need to have a business address set up if you don't need a physical location consider a virtual
address instead you can access our best choice at creditsuite.com/virtual try to stay
away from home offices if you can, and definitely stay away from PO Boxes and UPS addresses those
will oftentimes get you denied. You want to have a separate business phone number never
use your mobile phone, never use your home phone as your business phone number on an application
that phone number should be toll-free, and you need to have it listed in 411 that's one of the basic
criteria that a lot of credit issuers look at is that your business phone number is toll-free
and listed in 411, you need to have an email address that's a professional email address
that probably matches your domain also. So for example my email address is
info@creditsuite .com
our website is creditsuite.com so you want to have that email that matches your domain and you
want to have a professional website set up that accurately reflects what you do. If you need any
necessary licenses in your county in your state or in your industry you want to get those as well and
most important above all else you need to make sure that all of your information is congruent,
one of the biggest reasons that applications for credit financing get denied is that the lender of
the credit issuers thinks the application is fraud, and that's because the information you're putting
on the application doesn't match other places like what you have with your Secretary of State. So you
need to check your address, your phone number, your website, your email, and make sure that's
congruent everywhere on all of your social media pages on the Secretary of State with the IRS on all of
your documents on your bank account everywhere even including your website you need to make sure
that all of that information is congruent. If you've done this you've successfully completed step one
now your business is set up where it's fundable the next step is we need to get you set up with
the business credit reporting agencies. Now that you've set up your fundability it's time to get
set up with a business credit reporting agency, so you can do so by going to creditsuite.com/reports
and if you go to creditsmith.com/reports you can do a free search
with the business credit reporting agencies to see like if they know that you exist now,
so one of three outcomes is going to occur you can either type in your business name in the
state that your business is in and they will pop up your exact record including address or nothing
will pop up whatsoever, or they'll pull up your name and your address and also indicator that you
have trade lines. So if you have trade lines you want to get your business credit reports you can
do so at creditsuite.com/monitoring that's creditsuite.com/monitoring.
Now business credit monitoring is about $249 a month from the business credit reporting agencies
but if you go to creditsuite.com/monitoring it's only $24 but look you don't need to monitor your
business credit reports until you have something reporting. We're going to talk about that and how to
get new accounts in the next step. So if you do that free search your creditsuite.com/reports
and nothing shows up then you know you're starting from a clean slate if something does pop
up it makes sense to get your reports to see what's on there now and here's why, Experian and Equifax
will give you failing business credit scores even if you have no business credit you need to see if
that's the case for your business you can only do it by getting your reports but that only matters
if something pops up, now the next thing you want to do is go to creditsuite.com/duns
d-u-n-s creditsuite.com/duns if you go to creditsuite.com/duns
you can get your DUNS number for free with Dun & Bradstreet. This is the first step an essential
step of getting set up with Dun & Bradstreet, Dun & Bradstreet will not create a credit report
for you, they will not give you a Paydex business credit score unless you have a DUNS number. So go
to creditsuite.com/duns fill out their information takes about five minutes or so
to do, ignore their emails and phone calls because they're going to try to sell you something you do not
need, and in about one to three weeks they will give you your actual DUNS number that's going to
be essential as we get into the next step and you start applying for vendor credit. So make sure you
go to creditsuite.com/reports to do that free background check to see if you're set up now
get your DUNS number and that takes you to the next step where we can start getting you
real credit with trade vendors. Now that you've improved your fundability and got set up with
the business credit reporting agencies it's time to start accessing real usable credit that will
help you build a business credit profile and score, and there's two ways to do this. The first is using
trade vendors now vendor credit is credit that's issued by trade vendors to buy products and
services they sell, it's typically credit that's issued on terms like net 30 net 15 or net 55 so
for example, a net 30 account has to be paid in entirety in full within 30 days it's not revolving
credit but it gives you a period of time before you have to pay that credit back. Now the most
popular vendors in the business credit space are Uline, Quill, and Grainger and some of my favorites,
so they, sell working supplies, they sell outdoor work well, office supplies, shipping supplies, stuff
that you probably need to run your business anyways. So you go to one of these sources you
establish an account online you find items you want you put it in your cart you go to check out
and they'll give you an option similar to invoice me, so you choose that option you're able to check
out without supplying a credit card and once they ship that item you know you were approved.
now typically they'll report your payments to the reporting agencies within 30 days or so of
you actually making a payment, so you want to make the payment as soon as you possibly can
after that item is actually shipped, remember business credit scores are based on how you pay
your bills, so you need to make sure you pay that as early as you possibly can after shipment to
have the highest business credit scores. Now the other way to build initial credit is through a
program called credit line hybrid, now with credit line hybrid you're able to get approved for up to
$150,000 in credit lines for your business even as a startup, it's no doc financing so
you don't need any kind of income verification you get 0% rates on these credit lines
for zero or for 6 to 18 months, and all you need to get approved is good personal credit
so if you have a 680 FICO score higher like less than 6 inquiries or so on your credit report
lower utilization typically lower than 40% there's a good chance you're able to get approved. If you
don't meet some of that criteria but still have a 680 FICO score you might get approved for not
as much money but you can still typically get approved, and if you don't have a 680 FICO score
you can use a guarantor, you can use a family member you can use a friend you use a potential
investor, somebody else that wants to sign as a guarantor can do so and you can get approved
for credit line hybrid as well. Now with credit line hybrid you can get 5 credit lines that
report to the business credit reporting agencies. So instead of building an initial business credit
profile and score with vendor credit you're doing it with real working capital credit lines and you
can add as many as three four five trade lines with those credit lines on your business credit
report. Look it doesn't matter which option you choose one option requires not good credit right
vendor credit anybody can get credit line hybrid you access a bunch of cash but either one leads
you to the next step, which is one of the coolest steps in the business credit building process. So
why do I call it one of the coolest steps of the business credit building process, because this is
where you really start to access money this is where you get revolving credit cards with very
high limits 20 30 40 $50,000 individual card limit accounts with almost all major retailers, so almost
all major retailers offer this kind of corporate credit without a personal guarantee and without
a personal credit check and start getting approved you need 5 a handful of initial
accounts on your business credit report. I just showed you how to do that, with vendors and with
credit line hybrids, so two different options to get you there but once you have that handful of
accounts you can start getting approved for revolving credit at places like Staples, and
Office Depot, and Home Depot, with Lowe's, Sam's Club, Costco, Amazon, Walmart, even Nordstrom
and Macy's offer this kind of credit, all you need to get approved is that established business credit
profile score your fundability being line that DUNS number everything we've talked about and at
least 5 accounts on your business credit reports then you can start to access almost
all kinds of major retail credit. That only leaves one more step but before we get to the final step
in this stage, you can also access fleet credits, so I want to mention that as well
BP, Chevron, Sunoco, Pilot flying J this is where you can get fuel where you can get auto repairs
and maintenance. So if you're in the transportation industry you're going to love that as much in this
step as revolving credit at most major retailers but both of it can be accessed when you start
to have a minimum of 5 accounts on your business credit reports, now the next step we
have 14 accounts reporting on our business credit reports and that takes us to the grand finale. Now
in the grand finale you're able to access cash credit, so in the final step of the business credit
building process you're able to get financing for auto for auto financing, you're able to get
or leases for computers, you're also able to come in and get Visa Card or MasterCard or what I call
cash credit, not credit lines but actually Visa Cards or MasterCards that you can use anywhere.
And in order to get this step you need to have 14 accounts reporting on your business credit reports
if you've done so and you've been paying those bills as agreed to have good scores you're able
to start getting approved, and this is the final stage of the business credit building process,
a lot of people ask me how long does it take you to build business credit? Well it depends if you're
working with Credit Suite we typically get you to the end of the process in about 6 months
if you're doing it on your own on average somebody usually takes two and a half to three years. So
if you want to condense the process then go to creditsuite.com/consult that's
creditsuite.com/consult schedule time will help you get your business credit reports for free and talk to
you about the expedited pass path to do so. But now you know how to build your business credit
we started by improving your fundability, we then were able to come in and get you
set up with the reporting agencies we got you initial credit, credit line hybrid credit lines
or through vendor credit. We started to get you store credit fleet credit and then we ended up
getting you auto leases, we started getting you computer leasing we started get you
a cash financing everything you need without a personal guarantee without a personal credit check
now you know the exact steps to succeed. But even though you know the steps to build your
business credit you still might need some extra help along the way. So make sure you visit
creditsuite.com/einguide to grab our free guide that's been downloaded over a million times
that maps out more in-depth the steps to build your business credit. That's creditsuite.com/einguide
and you're also entitled to a free consultation with our team and on this
consultation we help you get your business credit reports at no cost, they're $249 with the reporting
agencies direct with us they are zero dollars on our console call, we'll also do a fundability
check to see how fundable your business is and on top of that we will also tell you all the
financing you qualify for right now, like you might be able to get loans and credit lines and not even
know it. But we're going to talk to you about what you can qualify for on that consult call.
And don't forget to like and subscribe on whatever channel that you're watching this video
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building your business credit and grabbing financing as well. So grab your free guide at
creditsuite.com/einguide give us a call for your free consultation
877-600-2487 that's 877-600-2487
where you can schedule at creditsuite.com/consult and I appreciate in advance
you liking and subscribing, I look forward to seeing you on our next training.