A walkthough on How to Immediately Get Business Credit and How to Grow Your Business Credit to $250,000 + Within 11 Month

1. How to Immediately Get Business Credit…
And How to Grow Your Business Credit to
$250,000 + Within 11 Months

2. Business Credit
• Business credit is credit in a business name that’s linked to
the business’s EIN number
• This is credit a business owner can obtain that is not linked
to their SSN
• This credit can be obtained with no personal liability from
the business owner

3. Business Credit Has No Direct
Affiliation to Personal Credit
• Business credit has no impact on the business owner’s personal
credit
• When done properly, business credit is obtained without the SSN
being supplied on the application
• This means there is no credit check from the business owner to
get approved
• This also means that anyone who has bad, even
horrible personal credit can still be approved
for business credit

4. Business Credit Has No Direct
Affiliation to Personal Credit
• Business credit reports to the business credit reporting agencies, not the
consumer reporting agencies
• As business credit is used it has no adverse impact on the owner’s consumer
credit because it’s not reported to consumer agencies
• This means utilizing the account, even over 30%, won’t have any adverse
impact on the personal credit scores
• And there are no inquires on the personal credit when you apply for
business credit as long as you don’t supply your SSN

5. Does Business Credit Really Work?

6. Business Credit Success In The Real World
• EVERY highly successful business in this country has business
credit
• Most of these companies used their business credit to get as
big as they are today
• Take a look at how many Experian tradelines some of the
U.S’s top companies have now…

7. Business Credit Explained

8. Business Credit Explained

9. Business Credit Explained

11. Business Credit Success In The Real World
• Contrary to what many believe, business credit is NOT only for big
companies
• ANY company can build business credit!
• Big companies are typically the ones who enjoy the
benefits of business credit the most because they
have CFOs who know how to obtain and use
business credit, where most small businesses don’t
• But YOU absolutely CAN get your hands on the exact
same credit these larger companies have… IF you
know the formula to obtain it

12. Why Is Business Credit Awesome?

13. Business Credit Benefits
• We already discussed some major business credit benefits:
• No personal credit check
• No personal guarantee
• No impact on personal credit or
personal credit scores

14. Business Credit Benefits
• Another benefit of business credit is that it more than DOUBLES your
borrowing ability
• You already have consumer credit, now you can have a whole other credit
profile with business credit also
• Plus per SBA business credit limits are 10-100 times that of consumer limits
• Obtaining business credit radically increases your available credit

15. Business Credit Benefits
• Business credit can be obtained VERY fast
• You can get approved for initial vendor credit to help your business grow within 1
week
• That credit will typically report within 30-90 days
• Once reported you will then have reported tradelines which in turn give you an
established business credit profile and score
• Once your profile is established in 90 days or less, you can then start getting real
useable revolving store credit cards
• Within 120-180 days you can then get real cash credit such as Visa, MasterCard,
Discover, and AMEX credit you can use anywhere

16. Who is Business Credit for?
• Business credit is perfect for startups and established companies
• It’s also perfect for companies that don’t have collateral, which is
required for all SBA 7a loans
• Business credit is perfect for companies that have no cash flow to
verify, no tax returns to supply, or ones that don’t want to verify
this information even if they do have it
• It truly provides a good way to get money for
ANY business, big or small, new or established,
regardless of the owner’s personal situation

17. How Business Credit Works
Get Approved for Cash Credit

22. How Do You Build Business Credit?

23. Build Your Business Credibly
• Many credit issuers nowadays don’t manually review credit applications
• Instead they have computers issues approvals or denials based on set
qualifying criteria
• If you meet their qualifying criteria you get approved, and if you don’t you
get denied
• So the first real step in building business credit is to know what the credit
issuer’s criteria is and meet that criteria BEFORE you apply
• You can imagine how much greater success you will have when you follow
this strategy

24. Build Your Business Credibly
• ANY company can build business credit
• But all credit issuers are wanting and hoping to see well-established
companies apply that they can approve
• Considering most don’t require financials upon application, there is
other criteria they look at to gauge if your business is truly “credible”,
if you have the perception of being a well-established successful
business
• By “well established” I don’t mean being in business
many years, only that your business is setup as any
successful business “should be” in the credit issuer’s
eyes

25. Your Business Name
• Your business name must be congruent on all of your documents,
especially ones that are public record that anyone, including the
credit issuers, can access
• Your full name must be used, including your DBA name
• It’s hard to believe but this one factor is one of the MAIN reasons
people get denied for business credit
• The credit issuers goes searching for the company’s name and can’t
find it, and then deny the application

26. Your Business Name
• Your business name must be congruent on all pertinent documents
including:
• Your corporation records
• Your licenses
• Your bank statements
• Your utility statements
• Your EIN paperwork
• Your tax returns
• With the business credit reporting agencies
• Your lease
• And all other places you have it listed

27. Your Business Name
• ANY business entity can build business credit
• But you should know that the entity you choose will determine your personal
liability and tax ramifications
• For example with a LLC or Corporation YOU are not personally liable for your
business dealings
• But with a sole proprietorship and many partnerships, you ARE personally liable
solely based on the entity structure itself
• Don’t rely on your accountant, most DON’T know or understand business credit,
only the tax aspects
• Research and decide on the best entity for your business that gives you tax
benefits and reduces or eliminates your liability

28. Your Business Basics
• Before you even think of applying for business credit you must have
an EIN number setup
• This is FREE to get, do NOT pay a service to do this for you
• You can use this link to get your EIN…
http://www.irs.gov/Businesses/Small-Businesses-%26-Self-
Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online
• Or just search “free ein” on Google, and go only to the link from
www.irs.gov, NOT one that looks similar but isn’t legit

29. Your Business Basics
• Your phone number must be listed with 411 to get approved for most initial
business credit
• Believe it or not, getting your number listed with 411 is not an easy task and
not something you can do easily without using a service to do it for you
• We use a source called “List Yourself” to do this
• This is ESSENTIAL in business credit building as most successful companies
can easily be found using 411
• And make sure you have a BUSINESS phone listed with 411, not a home or
cell phone or your business can get flagged

30. Your Business Address
• Credit issuers see a successful business as one with a real physical
address
• Don’t use a home address, P.O. Box, or UPS address when applying for
business credit
• If you don’t have a physical address use a virtual address solution
with a company such as Regus
• You can then have an address you can use on your applications when
applying, and this address is a real office building
• You can simply get your mail there, then Regus will mail you the mail
to your real physical address

31. Your Business Phone
• Do not use a home or cell phone when
applying for business credit
• You need to have a real business phone
number, or a VOIP solution as offered by
companies like Ring Central
• You will need a toll-free number
• Your will also need a fax number
• And your main number should be listed with
411

32. Your Business Website and Email
• Many credit issuers will research your company online
• You must make sure you have a professional website that reflects your
brand, your services, and looks really good to give the perception that
you are a successful company
• You can find professional web templates at places like
www.monstertemplate.com and hire someone from sources like oDesk
to put up a new site cheaply
• Also make sure you get a professional email address such as
ty@creditsuite.com, one that reflects your company or domain NOT a
Google or AOL type address

33. Your Business Licensing
• Don’t apply for business credit if your company doesn’t have
the proper licenses
• You need to have proper licenses for your county, your state,
your industry, and for the Federal government when you are
required to have them
• Also make sure your company name is the same on all
licensing

34. See What’s On Your Business Credit Reports

35. Your Business Credit Reports
• Unlike with consumer credit, anyone who wants to can easily and
cheaply see your business credit reports and scores
• This means your prospects, clients, credit issuers, lenders, even your
competitors can see your reports when they want to
• And they can all also setup notification triggers to tell them when
information on your reports changes, including your credit scores
• You need to see your reports to see what information is reported that
anyone can access

36. Your Business Credit Reports
• Most business owners have no real idea what’s being
reported on their reports
• Many have negative accounts reporting that they didn’t
know about or that aren’t even theirs
• Many others think they have positive credit accounts
reported only to find out they don’t
• Over 90% of business vendors in this country who issue
credit don’t report to the business credit reporting
agencies
• These are more reasons you need to know what’s on your
reports before you start applying for business credit

37. Your Business Credit Reports
• Business credit building is all about having “payment experiences” reported
on your business reports
• These payment experiences are tradlines that report to each bureau
• If you have a business credit account that reports to D&B and Experian, that
would qualify as 2 payment experiences
• To get approved for revolving credit you will need 5
payment experiences, and you’ll need 10 for cash
credit
• So you need access to your reports to watch your
business credit building in real time so you can see
these experiences being reported

38. Your Business Credit Reports
• You can go to D&B Credibility direct also, but do NOT pay them for
their “credit builder” program
• That program only adds trade references you don’t really need, and
won’t help you get the actual credit you will want to have
• Do also get your DUNS number with D&B as this is an initial step in
building your business credit

39. Your Business Credit Reports
• If you get reports with D&B you will probably want to get
Experian also
• Experian is used by the biggest underwriters of business
credit revolving accounts
• You might get Equifax reporting also, but they are not widely
used in the business credit world
• You should focus long-term on building credit with all three
reporting agencies D&B, Experian, and Equifax

40. Your Business Credit Reports
• Check out http://www.dnb.com/ for your DUNS number and D&B
scores and profiles
• Visit http://www.smartbusinessreports.com/ for a copy of your Smart
Business report
• You can purchase a copy of your Equifax Small Business Credit Report
here http://www.equifax.com/small-business/credit-report/en_sb

41. Get Approved for Vendor Credit

42. Get Approved for Vendor Credit
• A business credit report can be started much the same as a consumer
report commonly is, with small credit cards
• The business can be approved for small credit cards to help them
build an initial credit profile
• These types of initial cards in the business world are commonly
referred to as “vendor credit”

43. Get Approved for Vendor Credit
• Net 30 terms are common with most vendor credit sources
• This means they will give you credit on “net 30” terms,
giving you 30 days to pay the bill you owe in its entirety
• Some companies will require you buy their products while
others won’t
• Some companies will have you pay for your first couple of
orders, others won’t
• Some companies report your credit very quickly and it
reports quickly, some don’t
• Look out for all of these things when applying with vendors

44. Get Approved for Vendor Credit
• Always apply first without using your SSN
• Some vendors will request it and some will even tell you on the
phone they need to have it, but submit first without it
• Most people you speak with at the credit issuers don’t even know
that you can get business credit without supplying your SSN, so follow
these steps I outline and don’t apply with your SSN
• When your first Net 30 account reports your "tradeline" to Dun &
Bradstreet, the DUNS system will automatically activate your file if it
isn't already. This is also true for Experian and Equifax

45. Get Approved for Vendor Credit
• Some of the most popular vendor sources include:
• Uline
• Laughlin & Associates
• Quill Office Supplies
• Relaible Office Supplies
• You will need a total of 5 payment experiences reported to start
getting revolving store credit
• Don’t apply for store credit with no payment experience, no score,
and no profile, or you WILL get denied

46. Get Approved for Revolving Credit

47. Get Approved for Revolving Credit
• Most major retailers do offer revolving business credit
• To get approved they will want to see that you do have:
• Established payment experiences
• An established credit profile with at least one preferably
two reporting agencies
• Positive credit scores with the reporting
agencies that your credit is being
reported

48. Get Approved for Revolving Credit
• Your major business credit scores are based on the timeframe you
pay your bills
• So to have good scores you just need to make sure you pay your bills
on time or early, the earlier the better
• So even with net 30 vendor terms, try to pay your bill as soon as you
get it to have the highest possible scores
• Remember, many credit issuers have their computers approving files
automatically
• These computers are looking for high scores, so give
them what they want

49. Get Approved for Revolving Credit
• You should have 5 payment experiences reported to start applying for
revolving credit
• Some starter revolving accounts include:
• Radio Shack
• Lowes
• Home Depot
• Staples
• Office Depot

50. Get Approved for Revolving Credit
• Most major stores do offer business credit even though they don’t
promote that they do
• So once you have followed the steps outlined here, you can start
getting credit with these major retailers:
• BP
• Chevron
• Walmart
• Target

51. Building Your Business Credit
• These stores also offer business credit:
• Amazon.com
• Best Buy
• Nordstrom's
• Sam’s Club
• Costco
• And many more

52. Get Approved for Cash Credit
• Once you have a total of 10 payment experiences you can then start
getting approved for cash credit sources
• It’s also recommended that you have at least one account with a
$10,000 high credit limit so your cash limits are as high as possible
• You can even contact us if you do have good personal credit or has a
partner who does to get unsecured credit in which approvals are
based on personal credit but report to business to help expedite your
timeframe to get to cash credit
• Key Bank is a great starter cash credit source, so check them out also

53. Get Approved for Revolving Credit
• You CAN establish business credit now that you now the steps to
do so
• The key is to not delay, take this information you learned and get
to work right away following the steps outlined
• Setup your business credibility
• Get your business reports
• Setup your vendor accounts
• And get revolving accounts

54. How to Immediately Get Business Credit…
And How to Grow Your Business Credit to
$250,000 + Within 11 Months
Contact Us Today to Learn More!