Building Business Credit
Presented by
LAUGHLIN ASSOCIATES, INC.
Business Credit
QUIZWhat is the number one reason why
businesses fail today?
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
Business Credit
YOU YOUR BUSINESS BUSINESS RISK
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.
Business CreditBusiness credit is similar to personal
credit in that both have a separate
credit profile.
Business CreditPersonal Credit Scores are tracked by SSN
Business Credit Scores are done by EIN
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.
Business Credit
Big Advantage of Having Good Business Credit?
LOWER INTEREST RATES
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
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
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
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
Business CreditHOW DO YOU GET GOOD BUSINESS CREDIT?
YOU NEED TO UNDERSTAND THE SYSTEM
RECOGNIZE THAT THERE ARE SEVERAL BUSINESS CREDIT AGENCIES THAT KEEP
YOUR BUSINESS SCORE
BUSINESS CREDIT USA
EQUIFAX
EXPERIAN
D & B
Business Credit
Business Credit
THE PROBLEM WITH BUSINESS CREDIT AGENCIES IS THAT THEY ARE NOT
REGULATED LIKE PERSONAL CREDIT AGENCIES
Business Credit
THE INITIAL SNAP SHOT OR PROFILE OF YOUR BUSINESS IS ESSENTIAL TO
GETTING EXCELLENT BUSINESS CREDIT
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
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
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
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