9 Devastating Financial Mistakes Small Business Owners Make

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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.

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.

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.

Your business IS your credit

Most business owners have very high expectations for their businesses. But with stringent banking standards, capital is hard to come by to help them meet those expectations.

As a result many business owners put their personal credit, funds, and guarantee on the line to try to finance their vision and dream.

But, as a Business Owner, you CAN get all the money and capital you need without your personal guarantee, personal funds, or your personal credit.

Let your business finance your business.

We can assist you with building your business credit profile. Over the next few months you could have access to real usable credit in your business’ name.

This revolving credit can quickly grow to $50,000 or higher within the first 6 months. Many of our clients are then approved for between $100,000- $250,000 in real usable credit within a couple years.

This type of credit is known as business credit or trade credit and requires no personal guarantee. There is also no personal credit check whatsoever.

So even if you have horrible credit, you can still qualify for $50,000 or more in business credit. This is not, however, free money. To qualify for loans initially, you will either need a strong business OR excellent personal credit. If you don't initially qualify for a cash loan, you can still get vendor credit. Each month, as you use and build your business credit profile, you will qualify for more and more funding. The key here is to start building your business credit BEFORE you need any substantial funding. With a strong business credit profile established with all three business credit agencies, you will have access to funding when you need it!

If you don’t currently own a business, we can help you get one started.

If you do currently own a business you might qualify for even more credit depending on how many months you have been open. Our Finance Advisors will search for business funding using your business strengths, whereas, banks specifically look for weaknesses to turn down your application.

You have just been let in on the best kept secrets in business. You CAN finance your business dreams and vision using only your business to qualify, not your personal credit or guarantee.

Call us today to be on your way to $50,000 in business credit approvals – guaranteed.

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.

$150,000 Unsecured Credit Line for Your Business

Brand new startup businesses with no financials can qualify for a credit line up to $150,000.

There are NO financials required, the lender won’t even look at your monthly revenue.

For this program all that is needed is an approximate 710 credit score or higher to qualify. Personal credit, and only personal credit is used to qualify for this particular business funding program.

The better the personal credit, the higher the credit line approval will be. You can even use someone as a Personal Guarantor who does have good credit if you have credit issues now.

This is the best account in the country for new startup businesses and new franchises as you don’t need any financials to qualify and you immediately start establishing business credit.

The credit line is revolving, and you can use it for any purpose. You will receive a debit card or cards from a combination of accounts, even a checkbook so you can write checks from this account.

It only takes 2-4 weeks to close and have the money in your bank account.

Would you like $150,000 for your business? Call us today so we can talk more about securing funding for your business.

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