You Don't have to use your Personal Credit for your Business - and you Shouldn't!

 

Most business owners quickly get accustomed to using their personal credit and personal guarantee for their businesses. As a result, most never realize that it IS possible to obtain considerable credit for their business with no personal guarantee or personal credit inquiry – even higher limits than using their personal credit to qualify.

We are a business credit and funding service company dedicated to helping business owners build positive business credit profiles, and then use those profiles to obtain substantial amounts of usable credit. We also can help you repair your personal credit to double your credit options.

We will help you get approved for $50,000 at a minimum - guaranteed. Even if you have horrible personal credit, you could still qualify for $50,000 or more in real usable credit.

If you don’t have a business credit profile created yet, we will help you establish your free D&B DUNS number and start the establishing of your credit profiles. Next, we strategically help you get approved for new credit accounts which are much more flexible than if you used your personal credit, and that report to the appropriate business credit reporting agencies therefore building your business credit profile. After only a couple of months of using those credit items and paying on time, you will start to establish your business credit scores. We will then quickly start qualifying you for credit on revolving terms.

Within a few months you will start qualifying for credit lines with major retailers such as Dell, Home Depot, Office Max, Staples, Sears, Apple, Best Buy and many more. You will also have an excellent business credit score established. Within a year you will be on your way to even more business credit. These cards can be used at any stores just like a normal credit card. It is very realistic that from one year and on, you will continue to qualify for high credit limits in your business’s name with no personal guarantee. Many of our clients continue on to qualify for $100,000 or more in real credit in their business name. All of this is possible for you and your business, with no personal guarantee and no personal credit check.

Call us today to learn more about getting approved for $50,000 in business credit with no personal guarantee and regardless of your personal credit quality.

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

10 Steps to Qualify for the BEST Business Financing Programs

1. Check ALL your compliance issues. How does the loan processor or underwriter for the good loans make sure you are a real business?

2. Pull your business credit reports - Experian Business, Equifax Business, and DNB.

3. Is your business addresses correct? Does it state that you have been in business the correct number of years? Does it have your correct revenue, number of employees, are you listed as the principal, is the SIC code correct? And ABOVE ALL is it clean from any issues, slow pays or liens whatsoever?

4. Pull your personal credit reports. Address any issues on your personal reports. You will need above a 700 FICO score. If you’re a new business with no collateral, you will need to establish strong business credit before you will qualify for funding with no personal guarantee. If your personal credit is strong, you can personally guarantee a few accounts in order to build your business credit faster.

5. Make sure you have solid business tax returns and equity or security to back up the loan.

6. Add strength to the business scores by acquiring trade lines without personal inquiries. Don’t trash your personal credit with a ton of inquiries for business credit. Staples, Office Depot, Shell, Dell, Apple, Home Depot, Lowes, and thousands of others offer business only qualifications. You just have to know how to apply and what order to apply based on each of their requirements.

7. DON’T I repeat do NOT pay Dun and Bradstreet Credibility Corporation! This may seem counterintuitive but they are a separate company from Dun and Bradstreet and they make their money by selling their ‘business credit building’ services. But their services will only help your Dun and Bradstreet credit. You need good credit with the other business credit bureaus as well.

8. Ensure that your header information is complete and perfect with all three business bureaus, without multiple files, negative information, you are listed as the owner, and finally that you have an Intelliscore of 90+ (out of 100), A DNB rating of 1R2 or higher, Paydex score of 80 or above, and an Equifax score of 650+ (101-992).

9. Ensure that your real FICO scores are 700+ (be aware of the inflated scores from some monitoring services).

10. Do not trust what a branch application manager (that goes by a training manual about how to fill out an application), or the clerk at Home Depot (that types in your credit app info at the register) tells you about getting approved for their funding.  Applications are approved from underwriting departments, not branch managers or store clerks.

There you have it. The recipe of a low or no doc loan that will be approved from almost any major business bank within 48 hours.

We work with over 2000 lenders and are able to find all legitimate business loans available. We have helped many, many other business owners obtain financing for their businesses with no personal guarantee.

Good advice comes from those with experience that have done it themselves.

Call if you want us to help. This is what we do and we do it well.

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.