Business credit is an area of financing that every entrepreneur needs to be aware of and focus time in establishing. Without spending dedicated time and resources to building the company’s business credit the entrepreneur is missing out on the single largest source of income in the world.
You can build business credit regardless of your personal credit….get credit that’s linked to your EIN regardless of your SSN credit quality. Business credit accounts only report to business reporting agencies, so utilization and inquires have no effect on your personal reports.
Get HIGH limit business credit accounts…per SBA business credit approval limits are 10-100 times higher than consumer credit limits. Get business credit with no collateral or financials….even as a startup business you can still get business credit as no tax returns or collateral are required for approval.
Secure business credit with no personal liability…no longer do you need to personally guarantee your business debts keeping your families finance safe.z
Having business credit established increases loan approval….increase your chances of getting higher-dollar bank loans
Anyone can see your business credit reports including prospects, clients and competitors….insure your business financial picture is represented the way it should be by building your business credit.
1. We begin with creating your business Credit Profiles to make certain your company is listed and has a DUNS number so lender can report your lines of credit to the Business Credit Bureaus. Additionally, we will list your company in all of the directories and simple searches that lenders use and look in order to verify and locate your business making your business credible.
2. First out of three rounds of credit card commences with setting up your first 2 lines of credit or trade-lines. This purchase activity takes 30 days to report to Duns and Brad Street or Experian as two (2) Trade lines of credit reported; now you have (2) Trade-lines and payment experiences.
3. We leverage your (2) Trade-lines for your “Direct to Store” lines of credit cards.. these are your higher vendors IE. Amazon.com, Walmart, Home Depot, Sams Club, Fuel Cards etc…. you use the credit given to enhance your business remembering that we are in the building stage. At this point you will have between 4 to 6 Trade- lines of Credit; we leverage that with your Paydex score of 80 plus.
4. Within 6 to 9 months of the program we will have your business credit where we can submit your application(s) for your Corporate Visa & Master Cards with a high credit limit averaging $5,000 to $20,000
I would like to say that New Era Success has provided my business with a multitude of great Business Tips & Strategy on building credit for our business. From the outset Cedric Butler has been outstanding in leading us each step of the way from setting up our first business bank account to providing us with the precise information needed for us to continue to build our business credit, and today 8 months later we have Excellent Business Credit and look forward to continue to build even more as we look toward Lines of Credit and Business Loans which will bolster our Business Credit even more and help make our dreams come true.
New Success Era is a great investment. Don’t hesitate to invest in your business with them!
I was referred to Cedric over a year ago. He has been nothing short of professional and goal Driven. His first question is always what are your goals of your business. He then custom designs a strategy that fits your business. He is there every time I call and answers all my questions. Worth every penny!!!
New Era Success Rocks!