Building Business Credit Presented by LAUGHLIN ASSOCIATES, INC.
Business Credit <ul><li>QUIZ </li></ul><ul><li>What is the number one reason why businesses fail today? </li></ul>
<ul><li>One of the keys to a successful business today is utilizing and understanding business credit. </li></ul><ul><li>Y...
Business Credit YOU YOUR BUSINESS BUSINESS RISK
<ul><li>What is business credit? </li></ul><ul><li>Business credit is learning how to use other peoples money to operate a...
Business Credit <ul><li>Business credit is similar to personal credit in that both have a separate credit profile.  </li><...
Business Credit <ul><li>Personal Credit Scores are tracked by SSN </li></ul><ul><li>Business Credit Scores are done by EIN...
Business Credit <ul><li>Personal Credit Scores are from 0 to 900 </li></ul><ul><li>Business Credit Scores are from 0 to 10...
Business Credit <ul><li>Big Advantage of Having Good Business Credit? </li></ul><ul><li>LOWER INTEREST RATES </li></ul>
Business Credit <ul><li>Average Credit </li></ul><ul><li>Loan Amount -  $50,000 </li></ul><ul><li>Length of Loan - 10 year...
Business Credit <ul><li>Average Credit </li></ul><ul><li>Loan Amount -  $1,000,000 </li></ul><ul><li>Length of Loan - 15 y...
Business Credit <ul><li>Line of Credit - Unsecured  </li></ul><ul><li>Lease Back Financing </li></ul><ul><li>Leasing - Aut...
<ul><li>HOW DOES OUR BUSINESS CREDIT PROGRAM WORK? </li></ul><ul><li>TEACH YOU THE CREDIT SYSTEM </li></ul><ul><li>CREATE ...
Business Credit <ul><li>HOW DO YOU GET GOOD BUSINESS CREDIT? </li></ul><ul><li>YOU NEED TO UNDERSTAND THE SYSTEM </li></ul>
<ul><li>RECOGNIZE THAT THERE ARE SEVERAL BUSINESS CREDIT AGENCIES THAT KEEP YOUR BUSINESS SCORE </li></ul><ul><li>BUSINESS...
Business Credit <ul><li>THE PROBLEM WITH BUSINESS CREDIT AGENCIES IS THAT THEY ARE NOT REGULATED LIKE PERSONAL CREDIT AGEN...
Business Credit <ul><li>THE INITIAL SNAP SHOT OR PROFILE OF YOUR BUSINESS IS ESSENTIAL TO GETTING EXCELLENT BUSINESS CREDI...
Business Credit <ul><li>VENDORS  </li></ul><ul><li>YOU NEED TO WORK WITH VENDORS THAT WILL REPORT TO ALL THE AGENCIES ABOU...
<ul><li>EXPANDING YOUR CREDIT </li></ul><ul><li>THROUGH THE USE OF YOUR CORPORATE COACH YOU WILL CREATE A BUSINESS PLAN AN...
Business Credit <ul><li>HOW DOES THE PROGRAM WORK? </li></ul><ul><li>YOU’RE ASSIGNED A PERSONAL COACH </li></ul><ul><li>WE...
Business Credit <ul><li>Computer Line of Credit - $25,000  Equipment Lease - $15,000  Hardware Store Credit Line - $15,000...
Upcoming SlideShare
Loading in …5
×

Building Business Credit

732 views
617 views

Published on

0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
732
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Building Business Credit

  1. 1. Building Business Credit Presented by LAUGHLIN ASSOCIATES, INC.
  2. 2. Business Credit <ul><li>QUIZ </li></ul><ul><li>What is the number one reason why businesses fail today? </li></ul>
  3. 3. <ul><li>One of the keys to a successful business today is utilizing and understanding business credit. </li></ul><ul><li>Your business should be a fortress of protection. </li></ul>Business Credit
  4. 4. Business Credit YOU YOUR BUSINESS BUSINESS RISK
  5. 5. <ul><li>What is business credit? </li></ul><ul><li>Business credit is learning how to use other peoples money to operate and fund your business without you risking your personal assets and life savings. </li></ul>
  6. 6. Business Credit <ul><li>Business credit is similar to personal credit in that both have a separate credit profile. </li></ul>
  7. 7. Business Credit <ul><li>Personal Credit Scores are tracked by SSN </li></ul><ul><li>Business Credit Scores are done by EIN </li></ul>
  8. 8. Business Credit <ul><li>Personal Credit Scores are from 0 to 900 </li></ul><ul><li>Business Credit Scores are from 0 to 100 </li></ul><ul><li>In both instances your score determines your ability to get credit, lower interest rates, and your credibility with the business world. </li></ul>
  9. 9. Business Credit <ul><li>Big Advantage of Having Good Business Credit? </li></ul><ul><li>LOWER INTEREST RATES </li></ul>
  10. 10. Business Credit <ul><li>Average Credit </li></ul><ul><li>Loan Amount - $50,000 </li></ul><ul><li>Length of Loan - 10 years </li></ul><ul><li>Interest Rate 11% </li></ul><ul><li>Payment - $660.75 </li></ul><ul><li>Total Paid - $79,290.00 </li></ul><ul><li>Good Credit </li></ul><ul><li>Loan Amount - $50,000 </li></ul><ul><li>Length of Loan - 10 years </li></ul><ul><li>Interest Rate 8% </li></ul><ul><li>Payment - $606.64 </li></ul><ul><li>Total Paid - $72,796.80 </li></ul>TOTAL SAVINGS $6,493
  11. 11. Business Credit <ul><li>Average Credit </li></ul><ul><li>Loan Amount - $1,000,000 </li></ul><ul><li>Length of Loan - 15 years </li></ul><ul><li>Interest Rate - 10% </li></ul><ul><li>Payment - $10,746.05 </li></ul><ul><li>Total Paid - $1,934,289.00 </li></ul><ul><li>Good Credit </li></ul><ul><li>Loan Amount - $1,000,000 </li></ul><ul><li>Length of Loan - 15 years </li></ul><ul><li>Interest Rate - 8% </li></ul><ul><li>Payment - $9,556.52 </li></ul><ul><li>Total Paid - $1,720,173.60 </li></ul>TOTAL SAVINGS $214,115
  12. 12. Business Credit <ul><li>Line of Credit - Unsecured </li></ul><ul><li>Lease Back Financing </li></ul><ul><li>Leasing - Auto/Equipment </li></ul><ul><li>Asset Based Financing </li></ul><ul><li>Visa/MasterCard/Amex </li></ul><ul><li>Real Estate Loans </li></ul><ul><li>Commercial Properties </li></ul><ul><li>Business Acquisition </li></ul><ul><li>Equipment Purchase </li></ul>
  13. 13. <ul><li>HOW DOES OUR BUSINESS CREDIT PROGRAM WORK? </li></ul><ul><li>TEACH YOU THE CREDIT SYSTEM </li></ul><ul><li>CREATE A PORTRAIT OF YOUR BUSINESS </li></ul><ul><li>USE THE RIGHT VENDORS </li></ul><ul><li>EXPAND YOUR CREDIT POWERS </li></ul>Business Credit
  14. 14. Business Credit <ul><li>HOW DO YOU GET GOOD BUSINESS CREDIT? </li></ul><ul><li>YOU NEED TO UNDERSTAND THE SYSTEM </li></ul>
  15. 15. <ul><li>RECOGNIZE THAT THERE ARE SEVERAL BUSINESS CREDIT AGENCIES THAT KEEP YOUR BUSINESS SCORE </li></ul><ul><li>BUSINESS CREDIT USA </li></ul><ul><li>EQUIFAX </li></ul><ul><li>EXPERIAN </li></ul><ul><li>D & B </li></ul>Business Credit
  16. 16. Business Credit <ul><li>THE PROBLEM WITH BUSINESS CREDIT AGENCIES IS THAT THEY ARE NOT REGULATED LIKE PERSONAL CREDIT AGENCIES </li></ul>
  17. 17. Business Credit <ul><li>THE INITIAL SNAP SHOT OR PROFILE OF YOUR BUSINESS IS ESSENTIAL TO GETTING EXCELLENT BUSINESS CREDIT </li></ul>
  18. 18. Business Credit <ul><li>VENDORS </li></ul><ul><li>YOU NEED TO WORK WITH VENDORS THAT WILL REPORT TO ALL THE AGENCIES ABOUT YOUR PAYMENT HISTORY </li></ul><ul><li>GAS CARD COMPANIES, OFFICE SUPPLY, ETC. OVER 3000 TO CHOSE FROM </li></ul>
  19. 19. <ul><li>EXPANDING YOUR CREDIT </li></ul><ul><li>THROUGH THE USE OF YOUR CORPORATE COACH YOU WILL CREATE A BUSINESS PLAN AND A FINANCIAL STATEMENT WITH PROFIT AND LOSS. </li></ul>Business Credit
  20. 20. Business Credit <ul><li>HOW DOES THE PROGRAM WORK? </li></ul><ul><li>YOU’RE ASSIGNED A PERSONAL COACH </li></ul><ul><li>WE TEACH YOU THE CREDIT SYSTEM </li></ul><ul><li>CREATE A PORTRAIT OF YOUR BUSINESS </li></ul><ul><li>WE HELP YOU USE THE RIGHT VENDORS </li></ul><ul><li>EXPAND YOUR CREDIT POWERS </li></ul>
  21. 21. Business Credit <ul><li>Computer Line of Credit - $25,000 Equipment Lease - $15,000 Hardware Store Credit Line - $15,000 Electronics Store Credit Card - $7,500 Department Store Credit Card - $5,000 Printing Company Credit Line - $2,000 Office Supply Credit Card - $1,000 Corporate Gas Card - $1,000 Auto Lease and Loans – Cadillac, Ford, BMW, Mercedes, Hummer, GM Trucks and more </li></ul>

×