Build Business Credibility
The majority of business owners who apply for financing are denied for not meeting lender requirements. The problem is, almost all lenders keep their underwriting requirements and guidelines under lock and key. In Step 1 of our credit building program we reveal lenders’ secret formulas for financing approval. We walk you through all 20 credibility points that lender assign to their applications, and help ensure you meet or exceed those requirements before submitting your application.
In Step 1, you first complete an online application, which is accompanied by written and audio instructions. As you fill in the information, we indicate in real time what lenders want to see for approval. We then offer you one-click solutions to help you get approved.
In Step 1, we help you:
- File for the proper corporate entity
- Set up a virtual address
- Obtain phone, fax and toll-free numbers
- Set up an email address
- Get your website up and running
- Ensure you have the proper required licensing
If you don’t currently have one, we even help you secure a merchant account so that you can accept credit cards.
The good news is you only need to fill out one application to apply to multiple lenders!
Get Approved for Funding
Step 2 offers your business access to thousands of lenders, hundreds of direct funding sources, and millions of dollars in business financing. Once your funding application is complete, it is cross-checked with thousands of lenders’ underwriting guidelines. You’re then pre-qualified for a substantial number of funding programs, including credit lines and loans.
The financing you may qualify for includes:
- Merchant advance
- Purchase order
- Accounts receivable
- Auto vehicle leasing
- Unsecured business credit lines
- Business loans
- Business credit cards
- SBA loans up to $12 million
Our Funding Suite is the only system in the world that combines business credit building and cash funding acquisition, and one of its most unique aspects is how quickly you can receive funding from a wide range of lenders. While many funding programs are based on the business collateral you have, such as credit card sales or consistent revenue, our program only looks at the strengths of your business, making the approval process much simpler. It offers cash funding as low as $5,000 up to $45 million or more. And throughout the process, you have your own certified finance officer who helps you navigate through your multiple funding options.
Access Your Business Credit Reports
Step 3 involves checking your current business credit reports. We begin by checking your Experian Smart Business credit report, which indicates if there are currently any trade lines reporting, if you have an active credit profile open with Experian, and how many inquiries appear on your report. Smart Business monitoring allows you to monitor your credit building in real time and it’s available for free only through the Finance Suite! For an additional fee, you can enroll in full credit monitoring with Experian, Equifax and Dun & Bradstreet.
We also walk you through the process of obtaining your free Dun & Bradstreet DUNS number. The Funding Suite is the only solution of its kind that:
- Lets you monitor your business credit report in real-time
- Has direct integration with business credit reporting agencies
- Gives you free Experian Smart Business access
- Helps you obtain your free DUNS number
Start Getting Approved for Business Credit
In Step 4 we help you get approved for new credit in your business name. Much of the credit we help you obtain can be accessed with no personal credit check or guarantee.
You start building business credit by getting approved with Net 30 vendors who give your business credit and report, who then report to the business credit reporting agencies. Your approved Net 30 accounts then become your initial trade lines. Trade lines reported to one credit reporting agency qualify as payment experience, and with 5 experiences you can start securing revolving credit cards. As long as your bills are paid in a timely fashion, your business is awarded with exceptional credit scores which, in turn, help you secure the credit cards.
You’ll have over 50 vendors to choose from, most of whom will approve your business for credit, even if your business is a new one. Each vendor offers extensive detailed information about their company, the products they offer, how they report and their underwriting criteria. You’ll be able to connect directly to each vendor with just one click! All of your information is auto-populated onto each vendor’s application form, saving you valuable time.
Build Your Business Credit to $50,000 or More
It takes only a few months to build your Step 4 initial vendor accounts and have them appear on your business credit report. Once 5 new accounts are reporting, you can then start securing revolving credit cards. Step 5 is about obtaining business credit in your company name, with no personal credit check required and no personal guarantee. This means there’s also no personal liability.
The process is simple. You begin with revolving “starter” accounts like credit cards from retailers such as Home Depot, Staples, Shell, and more. As these businesses begin to report on your business credit reports, you’ll have the opportunity to apply for and receive additional credit cards. Companies you can be approved by include Walmart, Costco, Lowes, Chevron, Pitney Bowes, Apple, and more. You’ll also apply for Visa, MasterCard, Discover and American Express cards. As you continue to build your business credit, creditors will begin to issue credit limits as high as $10,000.
Secure Even More Funding for Your Business
Congratulations! You now have one of the strongest assets your business can possess – a powerful business credit profile. Step 6 is the final reward for all your hard work. You can now finally separate your business and personal liability and secure financing without being personally liable for your business debts. From now on, you will have a much easier time obtaining additional credit and funding in your business’s name. It’s time to get to work building the business of your dreams utilizing the extensive credit and capital backing you now have.