What are Unsecured Business Credit Lines?

Unsecured revolving business credit lines are a smart way for you to grow and expand your small business. You pay only on the credit you use making a revolving credit line a perfect financing source for your small business.

Plus a revolving credit line can be used, paid down, and then reused making them very practical for any small business owner. This gives you tremendous peace of mind to know that additional money is available if needed.

The amount you will be approved for will vary based on the volume of your small business. You can secure a revolving credit line for over $150,000 with no financials needed to qualify, and credit lines up to $250,000 if you can show business tax returns and financials with business profits in our program.

Some revolving lines do require you put up collateral to qualify. Collateral can include accounts receivables, inventory, machinery & equipment, and even real estate.

Most business revolving credit lines require a personal guarantor to be approved. This means that if the business fails to meet the terms of the agreement, the guarantor will be personally liable.

Through our Business Credit and Finance Suite, you can easily establish excellent business credit scores in less than 60 days. You can then use your newly established business credit profile and score to qualify for unsecured credit lines without personal credit being as much of a factor.

Most banks have cut back dramatically on the funds offered to small business owners. As a result many owners have found it very difficult to obtain any revolving business credit line.

Through the Business Credit and Finance Suite, you have access to the best revolving business credit lines available today with the most lenient personal credit score and documentation requirements.

You can easily and quickly get approved and receive your business credit line in only a few weeks through your own funding suite account.

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.  www.ExpertCreditConsultants.com.
 

2 Primary Reasons Your Business Needs Immediate Access to Money

There are two very fundamental reasons your business needs access to capital and credit and those two reasons couldn't be more amplified in these uncertain times.

One, is the ability to take advantage of opportunities as they present themselves. If the economy continues to gain steam, there will undoubtedly be opportunities that could increase the revenue into your business. If those opportunities require capital in order to take advantage of and you don’t have access to capital and credit, you have to let those opportunities pass you by, leaving them for your competitors to take advantage of.

Second, to be able to weather emergencies until you have the ability to get things turned around. If the economy does not continue to grow, and your business takes a hit, you need to have access to business credit to use as a lifeline - to keep you afloat until you can get things going in the right direction again.

So how do you get your business access to capital and credit, especially if your personal credit has suffered? By building a properly structured business credit profile based solely on your business' EIN - completely separate and apart from your personal credit. Once your business is properly structured, you will be able to get access to the things that will help your business grow and thrive. All types of Vendor Credit, Lines of Credit, Equipment Financing, Inventory Financing, Working Capital and Vehicle Leases and Loans. With business credit, you will be able to easily access 5 to 10 times the amounts than you would be able to access using your personal credit. But you must have a solid business credit profile established first.

Sadly, most business owners that attempt to establish business credit on their own end up doing themselves more harm than good. Others purchase an eBook or a low end internet program and achieve little if any results. So how do you get this done right without being taken to the cleaners? By engaging us, Expert Credit Consultants. We will give you access to a Business Credit Advisor, who has years of experience in business credit, to help you find and get approved for multiple types of vendor credit, as well as a Business Finance Officer to go find and help you get approved for larger business funding programs. They work with over 2000 lenders across the nation and offer over 30 different types of business funding programs. You won't find this through any bank. We have successfully helped thousands of business owners build properly structured business credit profiles and find them more funding than they ever would have been able to find on their own. And we are so confident that we can help just about any business that we offer a money back guarantee on our service fee.

Don't be part of the 95% of businesses that are going to fail because of lack of access to funding.

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.

9 Devastating Financial Mistakes Small Business Owners Make

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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.

The 4 Cs of lending

If you are looking for money for your business then you will be happy to know you only need one “C” to qualify with us. With a bank and almost all Loan Brokers, you will need all four.

The first C is Cash Flow.

When you have an existing business with good cash flow you can qualify for business funding. If you do have verifiable cash flow, this substantially increases your chances of being approved for funding. There are many funding programs you might qualify for, one being Business Revenue Lending.

Second is Collateral.

If you don’t have cash flow, your business still might have Collateral. Collateral for your business is really your business assets. Many things can be used as collateral including equipment, purchase orders, credit card sales, even account receivables. Having Collateral greatly increases your chances of being approved.

Third is Business Credit.

If you don’t have cash flow or collateral, you still can qualify for business funding. Lenders also look at your business credit to qualify you. Business Credit is our third C. Lenders will lend you money with no personal guarantee based on your business credit profile and score. If you have a good business credit profile you can use that as security to obtain funding. If you don’t have business credit built now, call us so we can help you quickly build an excellent business credit score and profile.

Fourth is Personal Credit.

Maybe you are just starting a new business, and you have no business credit, cash flow, or collateral. In this case you can still qualify for funding. But lenders will use your personal credit to qualify you. Personal Credit is the fourth C that lenders will look at to approve you for funding. You can secure credit lines through us, up to $250,000. These types of unsecured credit lines do not look at revenue or financials. Your good personal credit is all that is used to qualify you for funding. If you don’t have good credit, we can also help you improve your personal credit profile to secure funding.

All you need is 1 of the 4 “C”s to qualify with us. And we can help you build business credit and improve your personal credit so you will qualify for the most business financing possible.

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.

Do you have a Paydex Score?

You probably have personal credit scores established, and you are probably familiar with Equifax, Experian, and TransUnion. But do you have a Paydex business credit score yet?

The main credit score used in the business world is known as a Paydex score provided by Dun and Bradstreet. This number assesses a business’ lending risk much the same as a consumer credit score reflects a consumer’s individual credit risk.

The exact definition from Dunn & Bradstreet, or D&B is: The D&B PAYDEX® Score is D&B’s unique dollar-weighted numerical indicator of how a firm paid its bills over the past year, based on trade experiences reported to D&B by various vendors.

But the key to this definition is “based on trade experiences reported to D&B”. Only approximately 10% of creditors actually report to any of the major business credit agencies. Only 10%. That means you're only building your business credit using 1 in 10 of the credit that you actually obtain!

There are many BIG differences from a business Paydex credit score and an individual FICO credit score. Consumer FICO credit scores range from 350- 850. The Paydex Score ranges from 0-100 with 100 being the highest score you can obtain. While a consumer credit score take a number of factors into consideration, Paydex is calculated based on only one single factor – whether a business makes prompt payments to its suppliers and creditors within the agreed upon terms of payment. This means, you can establish a great business credit score much faster than establishing a great consumer credit score. Also, in order for DnB to calculate a Paydex score, your company needs at least four payment experiences reporting on your company’s Dun and Bradstreet credit file. Just because DnB found your company and assigned you a Duns Number does NOT mean you have a Paydex score.

Having a Paydex business score of 80 or higher is very good, as scores below 70 are not. Individual credit scores are calculated based on a number of factors. The Paydex score is calculated based on only one single factor; whether a business makes prompt payments to its suppliers and creditors within the agreed upon terms of payment. For example, prompt payments will produce a Paydex score of 80. A 70 score reflects paying 15 days behind, 60 score is 22 days behind, a 30 score reflects paying 90 days behind, and a 20 Paydex reflects paying bills 120 days late.

If you own a business, your Paydex score is essential in establishing new credit and continuing to build credit limits exceeding $100,000.

Call us to start the process of establishing your Paydex score and 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. www.ExpertCreditConsultants.com.