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Business Credit Secrets Revealed Seewing Yee www.IntegratedFinancialSolutions.com 510-552-0726

Business Credit Secrets Revealed Seewing Yee www.IntegratedFinancialSolutions.com 510-552-0726. What is Business Credit. Business Credit is credit you can obtain for your business

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Business Credit Secrets Revealed Seewing Yee www.IntegratedFinancialSolutions.com 510-552-0726

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  1. Business Credit Secrets Revealed Seewing Yee www.IntegratedFinancialSolutions.com 510-552-0726

  2. What is Business Credit • Business Credit is credit you can obtain for your business • This credit is very similar to personal credit, and is available with many of the same merchants including Home Depot, Staples, Wal-Mart, and many more • But instead of receiving credit and getting a credit card in your personal name, with business credit you obtain credit and get the card in the business name

  3. Business Credit Benefits • There is no personal credit check required • You can easily obtain over $50,000 in approvals in less than 6 months • There is no personal guarantee required • Individual account approval amounts are higher on average than personal credit

  4. How it REALLY Works • Business Credit bases your approval on your Business credit score and Business credit profile • Your personal credit profile is not reviewed as your business profile is used to determine approval • Your business is approved for credit not you personally, so there is no personal guarantee required

  5. Personal Guarantee • Most business owners currently use credit with a PG, meaning in case of default the creditor can pursue the personal home, bank accounts, investments, and file judgments against assets • No PG means your Business takes on the risk, not you personally • This keeps your personal finances and your family safe and secure

  6. No Personal Credit Check • You can be approved for well over $50,000 in business credit even if you have a damaged personal credit profile • DOUBLE the borrowing power with both personal and business credit profiles established • Even if you have Excellent Personal Credit, you should still have a Business Credit Profile established

  7. Why don’t more business owners know about Business Credit? • Entrepreneur.com reports that 90% of business owners know nothing about business credit • One of the main reasons is that creditors want you to attach your personal liability to reduce their risk • So you won’t see a sign in most stores that reads… “Sign up now with NO personal liability!”

  8. Most merchants offer business credit, but don’t promote or advertise it for this reason • And for the same reason, most merchants ask for your SSN on the application, even though it is not needed

  9. Business Credit is Available • Most merchants DO offer Business Credit, even through they don’t promote it • Chevron, Staples, Home Depot, Lowes, Office Max, Wal-Mart, are a few of many that offer business credit

  10. How do you easily qualify? • New businesses do qualify for business credit • You will be approved for greater amounts of business credit if you have been in business for more than 2 years • You must have a business credit profile and score established • Most merchants want to see 5 or more open vendor accounts on your business report • A business credit score of 80 or higher is also usually required

  11. Personal Credit versus Business Credit • Most people are familiar with their personal credit scores • Personal credit scores typically range from 350-850 • There are 5 main components to the score • Payment history 35% • Available Credit 30% • Length of credit history 15% • Inquiries 10% • Credit Mix 10% • Personal credit scores are complicated, and take years of well disciplined borrowing to establish a good score

  12. Business Credit Scores • Business Credit scores are based on only 1 factor… • How have you paid your bills over the last 12 months • If you pay your business bills as agreed or early you will INSTANTLY establish and excellent score of 80 or higher • 80+ is a good business score • All “80” means is that you paid your bill on-time • If you were a little late your score might reflect a 70, or if you were really late you might have a 50 score

  13. Business Credit Scores • All that is required for an Excellent Business Credit Score is 1 account on your report that is paid-as-agreed • Once even 1 account is reported that you paid it as agreed, you will INSTANTLY have an 80 score or higher • If you continue to pay your accounts on-time or early, your scores will increase above 80 towards the high of 100 • But even with an 80 score most merchants will approve you for credit

  14. Business Credit Profile Building • Most lenders want to see you have 1-3 “vendor” trade accounts reporting before they approve you • Vendor accounts are creditors who extend you credit on short terms, then report your account to the Business Credit Bureaus • Vendors usually will approve you for short-term credit, on terms such as Net 30 • Even if you buy $5 using your credit, they then report the account to the business CRAs and your new excellent business scores will be established

  15. Business Credit Profile Building • Once you are approved and use 3 vendor accounts and they report to your business report, most merchants will then approve you for business credit • Again most merchants only require an 80 business credit score and 1-3 vendor accounts reporting • If you open 1-3 accounts and pay them as agreed, you will automatically and immediately have an 80 business credit score or higher and qualify for business credit with most merchants

  16. The Good News • As Entrepeneur.com reported, over 9 out of 10 business owners know nothing about business credit • This is very GOOD news for you as this means BILLIONS of dollars in business funds are still available because most owners don’t know these funds exist • And now you know that you can be approved for business credit and access this money

  17. The Challenge • Without proper guidance it is very difficult to quickly build a business credit profile and start getting approved for business credit • This is because locating the vendors who report to the CRAs is difficult to do

  18. The Challenge • Once you do locate the vendors, you then need to find a way to monitor your business reports as you build your profile • Since most merchants don’t advertise their programs, it is tough to know who offers business credit and what their qualifying requirements are • These are the reasons most business owners don’t have business credit now, they don’t have the ACCESS

  19. The Challenge Continued • You can build a strong business credit profile and score • But locating the vendors, business credit reports, and merchants who will approve you are tough to locate • You will need to spend time in researching these aspects so you can start getting approved

  20. The Best Business Credit Solution • The business funding suite helps you quickly build a positive business profile and score and access hundreds of merchants and vendors • In a few simple steps you will first insure you have the foundation where you will be approved • Your cash portal also interfaces directly with Experian, Equifax, and Dun & Bradstreet giving you access to your reports and scores right through the Cash Machine

  21. The Best Business Credit Solution • The business funding suite has the largest supply of Vendors and Merchants that you will find anywhere else in the world • You can choose the best vendors, read all their program details, and know exactly how to apply and be approved • You can monitor your trade-lines being put on your report right through your CRA interface • And once you have the trade-lines established, your funding suite will then give you access to most major merchants who offer business credit

  22. Business Credit Approvals • Over 400 financing sources are available through the business funding suite • And each merchant’s exact qualifying criteria is listed so you will know you will be approved before you apply • Staples, Home Depot, Lowes, Office Max, Wal-Mart, Chevron, and hundreds more merchants are available

  23. And Business Credit is only 1 of over 20 funding options available including SBA loans, unsecured credit lines, equipment financing, merchant advances, account receivable financing, purchase order financing, business revenue lending, merchant credit, and even private equity and venture capital funds are available.

  24. Get Approved for Business Credit TODAY! • Over 50% of business FAIL in America mostly due to lack of funds • So whether you look into our funding suite or start building your own, start building business credit TODAY • Get access to the credit you need before you need it • In the process build a business credit profile and DOUBLE your borrowing power • And build credit in your business name with no personal guarantee keeping your personal finances safe and secure

  25. Contact us today to gain access to your very own Cash Machine and money to grow your business www.IntegratedFinancialSolutions.com Seewing Yee@IntegratedFinancialSolutions.com 510-552-0726

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