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Business Credit & Funding. What is Business Credit?

Date post: 29-Mar-2015
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Business Credit & Funding
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Page 1: Business Credit & Funding. What is Business Credit?

Business Credit

& Funding

Page 2: Business Credit & Funding. What is Business Credit?

What is Business Credit?

Page 3: Business Credit & Funding. What is Business Credit?

Business CreditCredit obtained in a Business Name & Business Entity

The Business builds its own credit profile & score

A Business with an established credit profile & score leads to MORE CREDIT

Page 4: Business Credit & Funding. What is Business Credit?

Business CreditThis credit is in the BUSINESS’S name

Based on the business’s ability to pay:NOT the Business Owners

No personal credit check required in most cases

Page 5: Business Credit & Funding. What is Business Credit?

Business Credit

Scores are based solely on whether the business pays its bills on time

Obtain credit much faster using their business credit profile

Page 6: Business Credit & Funding. What is Business Credit?

The 9 Most Devastating Mistakes

Entrepreneurs and Business Owners

Make When Financing Their Businesses…

and How to Avoid Them

Page 7: Business Credit & Funding. What is Business Credit?

““

How Much Are You

Willing To Risk For Your

Business?

Page 8: Business Credit & Funding. What is Business Credit?

Devastating Mistake #1

Not recognizing opportunity costs

Page 9: Business Credit & Funding. What is Business Credit?

Devastating Mistake #2

Not following up on the credit-building process

Page 10: Business Credit & Funding. What is Business Credit?

Devastating Mistake #3

Rushing the process for building corporate credit

Page 11: Business Credit & Funding. What is Business Credit?

Devastating Mistake #4

Not setting up a corporation and building corporate credit – the RIGHT way

Page 12: Business Credit & Funding. What is Business Credit?

Devastating Mistake #5

Using your family’s money

Page 13: Business Credit & Funding. What is Business Credit?

Devastating Mistake #6

Not paying your bills on time …100% of the time

Page 14: Business Credit & Funding. What is Business Credit?

Devastating Mistake #7

Contaminating your credit

Page 15: Business Credit & Funding. What is Business Credit?

Devastating Mistake #8

Putting personal assets at risk

Page 16: Business Credit & Funding. What is Business Credit?

Devastating Mistake #9

Using personal credit to finance your business

Page 17: Business Credit & Funding. What is Business Credit?

THE HUFFINGTON

POST

While the average bank in America uses

8 percent of its deposits to make small-

business loans, we found that of the

nation's 10 biggest banks, six used less

than 3 percent of their deposits to

make small-business loans“ “

Page 18: Business Credit & Funding. What is Business Credit?

AKA

No matter what the banks use in marketing campaigns….

They are NOT giving out small business loans

Page 19: Business Credit & Funding. What is Business Credit?

Growth

Employees

Widgets

Trucks

No Cash For:

And what’s even MORE important…

Page 20: Business Credit & Funding. What is Business Credit?

If I need the cash….

I use my personal credit cards

I am fully responsible (all my assets) for the growth of my business

That’s very VERY risky

Page 21: Business Credit & Funding. What is Business Credit?

That’s Like Playing Russian Roulette

…Not Cool

Page 22: Business Credit & Funding. What is Business Credit?

So What Does That Mean?

Page 23: Business Credit & Funding. What is Business Credit?

Quite frankly…

It means business’s cannot grow

If you’re not growing, you WILL wither and Die

Page 24: Business Credit & Funding. What is Business Credit?

Because of this…

was born!

Page 25: Business Credit & Funding. What is Business Credit?

Business Credit Ally

We were created to provide business owners with the capital needed to

GROW their business

Page 26: Business Credit & Funding. What is Business Credit?

Your Business must have 3 separate

credit reports with:““

Page 27: Business Credit & Funding. What is Business Credit?

6 Steps To Building Business Credit

The following 6 steps are The MAGIC

Sauce to insure success in building

business credit.

Page 28: Business Credit & Funding. What is Business Credit?

Step 1- Setting The Foundation For Building Business Credit

Making sure your business is ready to build business credit.

Your business entity structure, what it takes to build business credit.

You will be building strong business credit and you should protect it.

Why your business location is vital to building business credit.

Your business must be in 411 directory assistance to get approved.

The new items lenders are checking to see if your business is credible.

Your business credit identity EIN the tracking and how you get one.

Why you must verify that all agencies listings are “exactly” the same.

Page 29: Business Credit & Funding. What is Business Credit?

Step 2- Optimizing Your Banking, Assets, And Revenue To Maximize

FundabilityYour bank accounts, a vital business credit building component

Identifying the business assets and availability for credit use. First round of funding both with and without a personal guarantee options available

The business owners can play a key role in building business credit

Bank Visa and MasterCards that can be used as cash and that build credit

Page 30: Business Credit & Funding. What is Business Credit?

Step 3- Getting Set Up With All Three Business Credit Reporting Agencies

Dun & Bradstreet Credit Report

Experian Business Profile Report

Equifax Small Business Credit Report

Credit scores, what are excellent business credit scores

Page 31: Business Credit & Funding. What is Business Credit?

Step 4- Vendor Credit (Net 30 Day Accounts)

The “Starter Set” of Net 30 Vendors

Vendors for Computers & Electronics

Vendors for Office Supplies, Marketing & Print

Vendors for Building & Industrial Supplies

Vendors Who are Major Retail & Specialty Providers

A summary of your selected vendor accounts & applications

Page 32: Business Credit & Funding. What is Business Credit?

Step 5- National Revolving Credit Card Accounts

The “Starter Set” of Revolving Credit Accounts

Revolving Accounts for Major Credit Card Providers

Revolving Accounts for Office Resources & Supplies

Revolving Accounts for Building & Décor Supplies

Revolving Accounts for Gas & Fleet Management

Revolving Accounts for Major Retail & Specialty Providers

A summary of your selected revolving credit card accounts & applications

Page 33: Business Credit & Funding. What is Business Credit?

Step 6- One Bank Loan, Why It Is Very Important And Exactly How To

Get It

Bank rating, what is it and how to use it to your advantage

Unique funding programs that are available sources of business cash and the second round of funding

Sources for finding personal cash that can be used in your business

Obtaining one bank business loan that reports to the credit agencies

Where to go to get the one bank loan that your business must have

Page 34: Business Credit & Funding. What is Business Credit?

See how our business credit coaching and funding consultation Services stack up with the competition: “Other”

Companies

Largest Database of Business Lenders Y E S ! XData Integration of Over 100 Different CASH Business Lenders

Y E S ! X

Data Integration of D&B Y E S ! X

Data Integration of Experian Y E S ! X

Data Integration of Equifax Y E S ! X

Discount D&B File Y E S ! X

Certified Coaches Y E S ! X

One-on-One Coaching Y E S ! X

Coaches Pay Tied to Client Success Y E S ! X

Coaches Pay Tied to Customer Satisfaction Y E S ! X

Page 35: Business Credit & Funding. What is Business Credit?

How it works…

Page 36: Business Credit & Funding. What is Business Credit?

Business Owners will have

Their own customer portalInstant access to updates on funds

Hand holding through each step of the process

Audio and video desciptions

2 personal Business Credit coaches Ensure approval takes place

Page 37: Business Credit & Funding. What is Business Credit?

6 Easy Steps In Funding Program

• The Foundation• Your Fundability• Credit Agencies• Selected Vendor Credit• Selected Credit Cards• Unsecured business financing

Page 38: Business Credit & Funding. What is Business Credit?

Fundability

Over 30 funding products

Page 39: Business Credit & Funding. What is Business Credit?

Tier 1 FundabilityUp to 150K. Guaranteed 50K

»No financials or revenues»No tax returns needed»Good with about 700 or higher

personal credit score »Good for starter businesses and

franchises»Good for business’s that don’t

want to show revenue

Basically a No-doc loan

Page 40: Business Credit & Funding. What is Business Credit?

That’s 50 GrandGUARANTEED…

Page 41: Business Credit & Funding. What is Business Credit?

Working Capital FinancingEven If You Have 500 Credit Scores…

Asset based lending.

Borrow money against the assets in the business

No credit issues to get approved

Again…50K guaranteed line of credit

Page 42: Business Credit & Funding. What is Business Credit?

Niche FinancingFunding available based on the niche

you are in

Page 43: Business Credit & Funding. What is Business Credit?

Have revenue and financials Willing to show tax returns

Profitable ROE and ROAYears of sustainable profitability

Up to 250K and SBA loans up to 12M

High End FinancingHigh Rollers Club

Page 44: Business Credit & Funding. What is Business Credit?

Pricing

$2997 Setup Fee

Guaranteed $50K line of credit

Would you trade $2997 for $50,000?


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