1. Building Business Credit Presented by LAUGHLIN ASSOCIATES, INC.

2. Business Credit

• QUIZ

• What is the number one reason why businesses fail today?

3.

• One of the keys to a successful business today is utilizing and understanding business credit.

• Your business should be a fortress of protection.

Business Credit

4. Business Credit YOU YOUR BUSINESS BUSINESS RISK

5.

• What is business credit?

• Business credit is learning how to use other peoples money to operate and fund your business without you risking your personal assets and life savings.

6. Business Credit

• Business credit is similar to personal credit in that both have a separate credit profile.

7. Business Credit

• Personal Credit Scores are tracked by SSN

• Business Credit Scores are done by EIN

8. Business Credit

• Personal Credit Scores are from 0 to 900

• Business Credit Scores are from 0 to 100

• In both instances your score determines your ability to get credit, lower interest rates, and your credibility with the business world.

9. Business Credit

• Big Advantage of Having Good Business Credit?

• LOWER INTEREST RATES

10. Business Credit

• Average Credit

• Loan Amount - $50,000

• Length of Loan - 10 years

• Interest Rate 11%

• Payment - $660.75

• Total Paid - $79,290.00

• Good Credit

• Loan Amount - $50,000

• Length of Loan - 10 years

• Interest Rate 8%

• Payment - $606.64

• Total Paid - $72,796.80

TOTAL SAVINGS $6,493

11. Business Credit

• Average Credit

• Loan Amount - $1,000,000

• Length of Loan - 15 years

• Interest Rate - 10%

• Payment - $10,746.05

• Total Paid - $1,934,289.00

• Good Credit

• Loan Amount - $1,000,000

• Length of Loan - 15 years

• Interest Rate - 8%

• Payment - $9,556.52

• Total Paid - $1,720,173.60

TOTAL SAVINGS $214,115

12. Business Credit

• Line of Credit - Unsecured

• Lease Back Financing

• Leasing - Auto/Equipment

• Asset Based Financing

• Visa/MasterCard/Amex

• Real Estate Loans

• Commercial Properties

• Business Acquisition

• Equipment Purchase

13.

• HOW DOES OUR BUSINESS CREDIT PROGRAM WORK?

• TEACH YOU THE CREDIT SYSTEM

• CREATE A PORTRAIT OF YOUR BUSINESS

• USE THE RIGHT VENDORS

• EXPAND YOUR CREDIT POWERS

Business Credit

14. Business Credit

• HOW DO YOU GET GOOD BUSINESS CREDIT?

• YOU NEED TO UNDERSTAND THE SYSTEM

15.

• RECOGNIZE THAT THERE ARE SEVERAL BUSINESS CREDIT AGENCIES THAT KEEP YOUR BUSINESS SCORE

• BUSINESS CREDIT USA

• EQUIFAX

• EXPERIAN

• D & B

Business Credit

16. Business Credit

• THE PROBLEM WITH BUSINESS CREDIT AGENCIES IS THAT THEY ARE NOT REGULATED LIKE PERSONAL CREDIT AGENCIES

17. Business Credit

• THE INITIAL SNAP SHOT OR PROFILE OF YOUR BUSINESS IS ESSENTIAL TO GETTING EXCELLENT BUSINESS CREDIT

18. Business Credit

• VENDORS

• YOU NEED TO WORK WITH VENDORS THAT WILL REPORT TO ALL THE AGENCIES ABOUT YOUR PAYMENT HISTORY

• GAS CARD COMPANIES, OFFICE SUPPLY, ETC. OVER 3000 TO CHOSE FROM

19.

• EXPANDING YOUR CREDIT

• THROUGH THE USE OF YOUR CORPORATE COACH YOU WILL CREATE A BUSINESS PLAN AND A FINANCIAL STATEMENT WITH PROFIT AND LOSS.

Business Credit

20. Business Credit

• HOW DOES THE PROGRAM WORK?

• YOURE ASSIGNED A PERSONAL COACH

• WE TEACH YOU THE CREDIT SYSTEM

• CREATE A PORTRAIT OF YOUR BUSINESS

• WE HELP YOU USE THE RIGHT VENDORS

• EXPAND YOUR CREDIT POWERS

21. Business Credit

• Computer Line of Credit - $25,000 Equipment Lease - $15,000 Hardware Store Credit Line - $15,000 Electronics Store Credit Card - $7,500 Department Store Credit Card - $5,000 Printing Company Credit Line - $2,000 Office Supply Credit Card - $1,000 Corporate Gas Card - $1,000 Auto Lease and Loans Cadillac, Ford, BMW, Mercedes, Hummer, GM Trucks and more