Is Business Credit Real Credit I Can Use?

With our Business Credit and Finance Suite, you can get a minimum of $50,000 in business credit guaranteed. When we tell clients this they commonly ask "is it real credit we can use?” This is a great question.

Our clients are approved for business credit with major merchants. Most of these merchants they were using before but these accounts were applied for using their personal credit with their business name on them.   So, yes, this is definitely real credit you can use.

Some of the merchants we work with include Home Depot, Dell, Staples, Office Max, Sears, Chevron, Apply Computer and many more.

Imagine what you can do with your business with over $50,000 in available credit with these types of merchants.

Of course these merchants won't just approve a new business right away.  First you will have to start building credit in the business name with smaller merchants – but still useable merchants. We have negotiated agreements with several of them to report positive payments to the business credit agencies for our clients.

Again many of these merchants you have heard of and some you probably haven't. We have also negotiated wholesale rates with several of these vendors for our clients.

As you use and pay your trade credit on time, a very high business credit score is also established. Dun & Bradstreet’s Paydex score is the most widely known, but there are also other business credit reporting agencies.

Your high business credit score is then used to secure approvals with major merchant retailers.

As you pay those retailers, you will then qualify for revolving credit cards than can be used anywhere, just like a normal personal credit card.

The main difference is your business credit will have no personal guarantee, so you are not held personally liable in case of default.

Most clients qualify for real usable credit immediately after signing up with our Advising Program.

Within 6-12 months most clients have access to $50,000 in real usable credit, including Visa and MasterCard accounts that they can use anywhere.

Many then continue on and build $100,000-$250,000 in business credit.

And with the Business Credit and Finance Suite, you can also gain access to other cash funding programs very quickly. We work with over 2000 lenders across the nation offering approximately 30 different business funding programs.

Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Financing Suite as well as consumer credit restoration and optimization. www.ExpertCreditConsultants.com

Getting a Business Bank Loan

The day your business obtains its first bank loan is very much like the day you personally get approved for a home loan. It is the day, and the event, that makes all other lenders take notice and puts you on their lending map.

Non-bank business lenders and credit providers know how difficult it is to get approved for a business bank loan. When they see a reporting bank loan on your business credit reports, it signals to them that your business is credible.

Too many business owners think that obtaining a business loan from a bank is an impossible dream. Well, it isn't - if it’s done correctly. Our Business Credit Building System has a proven system for obtaining your first business bank loan. We work with many banks that have helped thousands of our members in both extending and reporting those loans.

Just having a bank loan is only one way your business banking relationship affects your business credit, including your ability to get approved for vendor credit lines and business credit cards. The single most important factor is the date you opened your business checking account.

Most business owners assume that the day they incorporated or filed for their business license is the day their business began. This is simply not the case. Business lenders consider the date you opened your business bank account as the actual start date for your business. So, if you incorporated in 2010, but opened your business checking account in 2011 then, as far as lenders are concerned, your business started in 2011.

Another way that your business banking relationship is vital to getting approved for loans can be found in your Bank Rating. The business credit reporting agencies will grade your business's creditworthiness based on its credit scores. In a similar fashion, banks and other traditional lenders will grade your business’s ability to repay based on its bank rating. Your business bank rating is determined by the average daily cash balance you maintain in your business checking account over a period of a few months.

If you are serious about the success of your business then you will need to know: How to properly address the compliance items required by most lenders and credit providers; How to properly go about building strong business credit scores with the top three national business credit reporting agencies; And how to properly manage your business banking relationships.

Now you have a choice to make. You can spend hundreds of hours searching the internet trying to find all the vital information you need (and you won’t find everything), or you can simply enroll in our Business Credit and Finance Suite which has consolidated everything into one convenient place. Our Advisors will work with you to establish your business credit profiles the proper way and in the shortest possible amount of time. Then they will search for and work with you to get approved for all of your business financing needs.

To get an idea of the basic process of obtaining a Secured Business Bank Loan, read about it on our website http://expertcreditconsultants.com/bfrB-corporate-finance-small-business-bank-loan.php

Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Financing Suite as well as consumer credit restoration and optimization. www.ExpertCreditConsultants.com.

Excellent Business Credit in 60 Days

In 60 days you can have an excellent business credit score. A Business Credit Score is different from personal scores. Personal credit scores are comprised of many factors which affect the scores. But a business credit score is only based on one factor - how the business pays it accounts. Most business owners do not have any kind of business credit profile established. This prevents them from getting approved for the money that is available for them and their businesses. Our Business Finance Suite comes complete with access to over 2100 lenders and 30 core funding products, as well as your own Finance Officer to find the best funding for your particular situation. The Business Credit and Finance Suite provides you a few simple steps to ensure you establish a near perfect business credit score within 30-60 days. This excellent business score can then easily be leveraged to get approved for the money you want for your business. You will be able to get approved for major credit with retailers like Dell, Staples, Home Depot, Chevron, Best Buy, Apple Computer, and hundreds more. And, you can get these approvals with no personal credit check and no personal guarantee. Plus you will have access to SBA loans, equipment loans, merchant loans, and many others that fund very quickly.

Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Financing Suite as well as consumer credit restoration and optimization. www.ExpertCreditConsultants.com

9 Devastating Financial Mistakes Small Business Owners Make

Become our Facebook fan and download our powerful Free E-Book, 9 Devastating Financial Mistakes Small Business Owners Make and How to Avoid Them. (Click on 'More', then 'File Sharing').

Don’t make these financial mistakes for your business.

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Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Finance Suite. We also do consumer credit restoration and optimization. www.ExpertCreditConsultants.com.

Why You Should Have A Business Credit Card

A lot of small to medium-sized business owners use credit cards in the course of business. The problem is, many make the mistake of using their personal credit cards. There are a couple of major problems with this:

First, if you use your personal credit cards for your business you are blurring the line between business and personal finances. The better separation you can achieve between your business finances and personal finances, the better off you will be. For this reason, a business credit card in your business name is the best route.

Second, using your personal credit cards for your business puts your personal credit at risk. If the debt belongs to the business, shouldn’t it be on the business’s credit?

Most people don’t think this is a big deal until they run into problems and no longer have their personal credit to fall back on.

In one example, a couple in business together racked up over $100,000 of unsecured debt on their personal credit for their business. When the business’ income dropped, even though the business was at first able to stay afloat, the couple was forced to file for bankruptcy. With their personal credit destroyed, they could no longer get credit to support the business—or their own personal lifestyle. The couple is now divorced, no doubt in part due to the stress from those difficult times.

Might things be different if they had depended on business credit rather than their personal credit? Maybe you’re thinking that your business won’t struggle, or that you don’t use credit cards much anyway. What’s the point, then?

Using a business credit card in your business does have some real advantages aside from the two big ones above. For example:

1.      Streamline operations and automate expense tracking. Paying expenses can be much easier to manage with a business credit card, and reports can be generated monthly or annually in many cases to help categorize and analyze expenses.

2.      Business cards have “rewards” programs too! If you have a lot of regular monthly expenses for your business that can be paid with a rewards card, you could easily get $500 to $1000 per year (or more) in cash rewards, or even free airline tickets if you use a travel rewards card.

3.      Manage employee spending. Business credit cards can be set up to have spending limits for employees, which can aid in managing expenses for in-the-field employees.

4.      Using business credit cards correctly helps you build credit for your BUSINESS, which is of utmost importance in today’s economy. VERY IMPORTANT: in order to build business credit, your business credit cards MUST be reporting your GOOD payment history to the major business credit bureaus.

5.      With strong BUSINESS credit established, you will be able to obtain business credit cards with no personal guarantee.

As you can see, there are several big advantages to using an actual business credit card for your business. A helpful hint for those wishing to establish business credit:  Try to get approved based on your business’s creditworthiness rather than your personal creditworthiness.

Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Financing Suite as well as consumer credit restoration and optimization. www.ExpertCreditConsultants.com.