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Transcript
Page 1: Building Business Credit

Building Business Credit

Presented by

LAUGHLIN ASSOCIATES, INC.

Page 2: Building Business Credit

Business Credit

QUIZWhat is the number one reason why

businesses fail today?

Page 3: Building Business Credit

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

Page 4: Building Business Credit

Business Credit

YOU YOUR BUSINESS BUSINESS RISK

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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.

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Business CreditBusiness credit is similar to personal

credit in that both have a separate

credit profile.

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Business CreditPersonal Credit Scores are tracked by SSN

Business Credit Scores are done by EIN

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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.

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Business Credit

Big Advantage of Having Good Business Credit?

LOWER INTEREST RATES

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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

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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

Page 12: Building Business Credit

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

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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

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Business CreditHOW DO YOU GET GOOD BUSINESS CREDIT?

YOU NEED TO UNDERSTAND THE SYSTEM

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RECOGNIZE THAT THERE ARE SEVERAL BUSINESS CREDIT AGENCIES THAT KEEP

YOUR BUSINESS SCORE

BUSINESS CREDIT USA

EQUIFAX

EXPERIAN

D & B

Business Credit

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Business Credit

THE PROBLEM WITH BUSINESS CREDIT AGENCIES IS THAT THEY ARE NOT

REGULATED LIKE PERSONAL CREDIT AGENCIES

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Business Credit

THE INITIAL SNAP SHOT OR PROFILE OF YOUR BUSINESS IS ESSENTIAL TO

GETTING EXCELLENT BUSINESS CREDIT

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Business CreditVENDORS

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

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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

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Business Credit

HOW DOES THE PROGRAM WORK?

YOU’RE 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

Page 21: Building Business Credit

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


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