You Don’t Have to Build Business Credit to Get Business Credit

You Don’t Have to Build Business Credit to Get Business Credit

By Janine H.

“Next to doing the right thing, the most important thing is to let people know you are doing the right thing.”

John D. Rockefeller

Juan Pablo, founder of 100 PercentFinanced.com shared part of his story on how he raised $110k in business credit in 365 days, and he says that you can do it too.

 

Juan avows that you do not have to build business credit to get business credit. That’s his story and he’s sticking to it. In fact, if you use one of the business credit consultant firms that are affiliated with 100 Percent Financed, the same ones that Juan Pablo personally used to get himself $110k, you may actually get access to $100k or more in business credit within a year’s time just by doing multiple rounds.

 

A round is basically when every 90 days you apply for business credit with another business credit company and keep asking them for an increase in the credit line. So, why is it that you don’t need to build business credit? The answer is that if you choose to go with the company Juan Pablo used, they have what is called Stated Products: stated income, no docs and no document products.

 

These particular companies do not need copies of your w2’s from your employer. They do not need a copy of your tax return. They do not need a copy of your profit and loss statement, balance sheet, or any other financial statement you can think of; they just do not need it.

 

However, there are five other documents that these credit consultant firms do need. They need a recent copy of your personal credit report, proof that you did incorporate your business, proof that you have an SS4 received from the IRS, your articles of incorporation from your state secretary and a Doc C from the IRS when you received your EIN number.

 

Most of these companies focus heavily on your personal credit. Why? Because they figure if they are going to give you business credit without any stated income, without the traditional documents normally required, they are going to base their decision on your personal credit file. They believe that if you can handle your personal credit wisely, then perhaps you will handle the business credit wisely too.

 

Some of the things that these consultants look for on your personal credit file:

  • 10 year personal credit history
  • Credit card with at least $5k credit limit
  • No delinquent payments within the past 24 months
  • No bankruptcies
  • No foreclosures
  • 720 credit score

 

If you know upfront you do not meet these requirements, apply anyway and Juan Pablo and his team will coach you to help you reach the level required to secure business credit; and the coaching for business credit is free; no charge. You will receive a free consultation. So, it doesn’t hurt to apply. At least you will know where you stand and that way you can work on improving your personal credit file.

 

Now, even though a 720 credit score is required, Juan can testify that there are those individuals including him self as well, who got approved for business credit with a 680 credit score. But, by having a 720 credit score will certainly improve your chances of getting higher credit limits.

 

So, you really do not need to build your business credit. You may have heard that having a Dunn’s number, or a Paydex score of 80, which is extremely well, is required but you do not need any of that for business credit. You may have also heard that you have to have a seasoned business, but you don’t need to have that either.

 

Juan created a business within 60 days of applying and he received business credit in the amount of $17.5k during his first round. For a startup business, a person can get business credit up to $75k, and for a seasoned business that has been in operation for at least 2 years or more can receive up to $150k.

 

Most of the business credit cards have a zero (0) APR introductory rate for the first 6-12 billing cycles. Therefore, somewhere between 6 months to a year you will only be required to pay the minimum payment amount due without incurring any interest charge. Isn’t that great news!

 

Now, Juan tells us that he used his business credit for his real estate investing so he could retire from his day job and work on his current business, which is providing value to business people, entrepreneurs and real estate investors who want to live the lifestyle of their choosing; people who aren’t built to be employed.

 

I encourage you to go to Juan’s website: 100percentfinanced.com and subscribe so that you can get the blue print on How to Quit Your Day Job Through Real Estate Investing. Juan says that If he can do it, then you can do it too.

 

There’s no cost for applying. You will receive a free consultation and you will receive an estimate, which is a range of what you qualify for during the first round. And if you do not have a business registered, apply anyway and then create a business and Juan and his team will show you how.

 

To Your Success! Please apply below:

 

[button_4 color=”darkgrey” align=”center” href=”%20https://mwcc.wufoo.com/forms/janine-herrera-prequalification-form/”]Apply now for free business credit consultation[/button_4]

 

Organization: One Vital Key to Handling Growth Within Small Businesses

Organization: One Vital Key to Handling Growth

By Janine Herrera

 

“Once you have a clear picture of your priorities – that is your values, goals and high leverage activities, organize around them.”–Stephen Covey

 

Being an entrepreneur is part of the hustle. Small businesses now want a bigger piece of the “pie,” and wealth isn’t in short supply. But one of the challenges that small businesses face is handling the growth of the business. One reason is that not all entrepreneurs were business majors in college where one would have learned to develop, oversee, and organize operations.

 

The thought process usually goes from: idea, to operating, to profiting as the end result. And then one day it all becomes a reality, making one’s way from off the ground to up and running while during the planning stages- – growth wasn’t a considering factor.

 

Understand that just starting out with little to no employees doesn’t require having structured systems in place because the owner usually does all the work. He or she acts as the sales person, producer of goods or services, technical support, help desk, customer service, bookkeeper and a host of other roles as the demand calls for it.

 

This demand is actually the growth of the business, where now it’s time to bring on employees or outsource to virtual assistants the mundane tasks that can be handled by skilled workers. Many business owners will go over job duties and specific tasks that need to be handled to make the business operate as smoothly as possible. This can certainly work for a time being. But as work orders increase and customers desire more and varied types of products and services, those responsibilities need updated, improved upon, or even changed.

 

Eventually, by keeping things the same, even though the business is evolving can slow up the processes of the business. Not everyone will continue to understand their specific roles and how things should be operating. Money can be mishandled; customers may not be serviced in a timely manner or at all, and pending issues can go unresolved. Things can really slip through the cracks and constituencies can question the owner’s credibility.

 

This can lead to an increased amount of stress on the owner as well as causing the business to suffer; ultimately leading to the owner cutting back on production or closing down the business because it has become too much to handle; especially if the money has been misappropriated and cannot be recovered.

“To be in hell is to drift; to be in heaven is to steer.” George Bernard Shaw

It doesn’t have to be that way. If you are a new business owner, or if you perceive that your business is about to take off exponentially, it may be time for you to implement proven organization to your business. Do so by documenting how tasks are to be performed. This means that you will have to develop training materials, an employee handbook, a handbook of policies and procedures. All of these organizational tools can keep your employees or virtual assistants accountable, so that everyone is held to the professional standard that you have set for your business. And if your business requires everyone to have a laptop, specific software geared toward your industry, printers, and filing cabinets, then go ahead and invest in these tools to handle the growth of your business. Ultimately, it is in the best interest of your business.

 

If the growth of your business happens before the big profits come in, then don’t sweat it. Just apply for business credit. It can cover your costs without affecting your credit file negatively. A personal can qualify for up to $75,000 for a new start-up and $150,000 for a seasoned business. One of the great benefits of using business credit as compared to personal credit is that it doesn’t report to personal credit reporting agencies and the credit can be converted to cash to pay those new employees. It can pay the outsourcing costs of any virtual assistance and it can be used to purchase the tools needed to keep up with the growth of your business.

 

Business credit cards are based on a personal guarantee. So, there are several criteria that must be met to be approved: 720 credit score, 30% debt-to-credit ratio, no bankruptcies, no foreclosures, no missing payments in the past 24 months of making application, one or more credit cards with a $5,000 maximum limit and a 10 year personal credit history. And if you are short on any of these criteria mentioned, you can receive mentorship from business credit card consultants on how to meet those must-haves.

 

Why wait and watch your baby unravel at the seams after putting in your hard-earned efforts just because you didn’t anticipate the growth and didn’t make the concessions for it. It could actually be bursting at the seams with profits; wealth is only one decision away.

Getting a bigger piece of the pie begins right here right now and right today.

 

Apply today and you will receive a funding estimate within 24 hours:

 

Apply for Business Credit Here

 

 

 

Finding and Funding Equipment for Small Businesses

Now that you have a brilliant business idea, completed the due diligence and worked out all the kinks and developed it into a feasible business plan, you realize you need equipment and supplies of some sort to operate this business; but how will you acquire them is the question.

 

Supplying a business with needed equipment is not at all an easy, or by no means cheap task. And with all the other things you have to accomplish, finding equipment is normally a lengthy and expensive process that can possibly stop you dead in your tracks. You may end up giving up on your dream of being a business owner and decide you have no other alternative than to remain in the 9-5.

 

But, before you throw in the towel and become discouraged there are auctions held by the government that actually sells affordable equipment to business owners that enables them to expand their businesses. Things like: vehicles, computers; office, medical and restaurant equipment; you name it; equipment that can break your bank if you bought it out of pocket.

 

These “surplus goods” are sometimes sold below what is considered fair market value. What happens is that when federal or state government agencies end up with equipment, property or goods via foreclosures, seizes, or just have extra stuff it is sold “as is” to the public via online or at a public auction where you register and place a bid that could possibly save you thousands of dollars had you bought the item outright. It is as simple as buying on eBay.

 

If you’re interested in real estate, a site you may want to check out is Real Property Auctions at: https://www.treasury.gov/auctions/treasury/rp/.

This site reported a single-family house recently sold as low as $3,000 in the state of Georgia. You can register for free and even place a bid online, but be mindful that when purchasing real estate sight unseen it is risky. The government allows for bidders to physically inspect the property during an open house event. The auctions are normally held on-site, but there has been an occasional online auction.

 

If you’re interested in equipment, a site you want to check out is http://www.govsales.gov/govsales/govsales/. This site has an array of equipment ranging from computers to vehicles and everything in-between. They have office chairs with bids as low as $10.00.

All you have to do is access the site and look for listings called “live auctions.” The bids last for about a seven- day period and are available regularly throughout the USA.

 

Now that you know obtaining the equipment or supplies that you need for your business is attainable, all that is left is to obtain funding to make these purchases. One way to get the funds for small business purposes is by getting business credit. Business credit works differently than traditional lending.

A personal can qualify for up to $75,000 for a new start-up and $150,000 for a seasoned business. One of the great benefits of using business credit as compared to personal credit is that it doesn’t report to personal credit reporting agencies and the credit can be converted to cash!

 

Business credit cards are based on a personal guarantee. So, there are several criteria that must be met to be approved: 720 credit score, 30% debt-to-credit ratio, no bankruptcies, no foreclosures, no missing payments in the past 24 months of making application, one or more credit cards with a $5,000 maximum limit and a 10 year personal credit history. And if you are short on any of these criteria mentioned, you can receive mentorship from business credit card consultants on how to meet those must-haves.

 

To re-cap, you have a brilliant business idea and you completed the due diligence and worked out all the kinks and actually developed your idea into a feasible business plan. You sought out federal and state auction sites and priced your supplies, properties and equipment. The only thing left to do is to apply for business credit. Once you complete and submit your application, you will receive a funding estimate within 24 hours. Isn’t entrepreneurship grand?

 

Apply for Business Credit Here

 

-Article written by Janine H.

 

 

 

 

 

Women Entrepreneurs: The Money is Out There!

Women Entrepreneurs: The Money is Out There!

 

If you want something said, ask a man; if you want something done, ask a woman.” Margaret Thatcher
Women are nurturers by nature. This inborn capacity to develop, cultivate and foster is transferable to the business world, especially in the local communities across America by way of entrepreneurship. Women owned businesses can, and many times do, impact the social structures by helping to conquer some of the economic challenges our nation faces in this day and age like education, hunger and housing.

 

There are revenue opportunities for women in industries such as retail, e-commerce, health care, wellness, medicine, community, social networking, education, job-recruitment, advertising, marketing, audio, visual, media, energy, environment, sustainability, gaming, virtual worlds, and finance. There may be a notable disparity between women-owned businesses and men-owned businesses in trades such as information technology, manufacturing, construction, and transportation, but that’s not to say the opportunities aren’t presently available.

 

There’s not just a select few women wanting to be in business for them selves either. Even though statistics show lower numbers of women than men actually spearheading startups, there are countless numbers of women out there who desire to capitalize on a business idea. The mere thought of starting their own business and not having to work for someone else is appealing to many women, and being able to build wealth is just as important as the other aspects. But, let’s face it; there are obstacles some women have to overcome and the main disadvantage these women face is finding and securing the right type of funding.

 

A lot of that is due to women not having mentors to guide them on the right path to becoming a high growth company, or not knowing about and accessing programs geared toward women and minority-based businesses.

 

Studies show women entrepreneurs tend to seek funding from personal sources: family, friends, saving accounts and home equity loans as opposed to external sources like bank loans, angel investors, or government grants.

 

It’s difficult for women to access capital, especially obtaining loans that are under $150,000, but above $10,000. Most women entrepreneurs are seeking funding upwards of $50,000.

 

What a lot of people do not understand is that it costs the banks to process loans and it costs them about the same for a low amount loan as for a high amount loan. From the bank’s perspective, the downfall is that the risk appears to be higher and the profit lower, so they don’t typically bother lending under the $150,000 mark.

Even women who did apply for a bank loan at one point in time and was turned down by a bank are less likely to go back to the bank at a later date and re-apply, letting potential funding to stagnate.

 

“Women have to harness their power – it’s absolutely true. It’s just learning not to take the first no. And if you can’t go straight ahead, you go around the corner.” Cher

 

It is extremely important for women entrepreneurs to learn about nontraditional lending opportunities that may be available to them, such as business credit cards that can be converted into cash. Startups receive up to $75,000 in funding while seasoned businesses receive up to $150,000.

 

Business credit cards are based on a personal guarantee. So, there are several criteria that must be met to be approved: 720 credit score, 30% debt-to-credit ratio, no bankruptcies, no foreclosures, no missing payments in the past 24 months of making application, one or more credit cards with a $5,000 maximum limit and a 10 year personal credit history. And if a borrower is short on any of the criteria mentioned, she can receive mentorship from business credit card consultants on how to meet those must-haves. One of the great benefits of using business credit as compared to personal credit is that it doesn’t report to personal credit reporting agencies.

 

If you are a woman who is a nurturer by nature and have an entrepreneurial spirit ready to develop, cultivate and foster a business that will contribute to the economy and better society then make the decision today. Determine your success and apply at the link below for a free 10-minute phone consultation on obtaining the business credit you need to succeed:

 

Business Creditv