A credit line, or line of credit (LOC), is an agreement between a financial institution or private investor that establishes a maximum loan balance that a borrower can access
A borrower can access funds from their line of credit anytime, as long as they don’t exceed the maximum set in the agreement, and as long as they meet any other requirements of the finance institution or investor such as making timely payments
If a startup can show legitimacy it helps the lender feel comfortable about lending. Building business credit is a specific process. Your startup is your dream! It might begin on your kitchen table and turn into a multinational corporation.
This document discusses how call centers can make money by offering business credit and financing solutions to their customers. It describes a turnkey system that provides access to business credit programs, funding options, and marketing materials. Call centers can earn thousands per sale by offering this solution, as well as ongoing commissions from funding. Case studies are presented of call centers earning hundreds of thousands in revenue through high-volume sales of a business credit and financing program. The webinar argues this is a lucrative opportunity for call centers to help business owners while significantly boosting their own profits.
This document discusses common reasons why business loan applications may be declined by lenders and provides tips to improve the chances of approval. It outlines key steps like establishing credibility for the business name and address, obtaining necessary licenses and permits, setting up a business bank account and credit profiles, and maintaining good personal and business credit histories. Following the guidelines around building credibility, using an accurate business name and address, and ensuring positive credit quality can help businesses strengthen their applications and increase their approval odds.
This document provides instructions for setting up initial business credit profiles with Dun & Bradstreet (D&B), Experian, and Equifax. It recommends first setting up your business entity with your state and obtaining an EIN from the IRS. Then it describes how to check if you have existing profiles and how to create profiles if needed. For each agency, it recommends obtaining your business credit reports and scores to monitor your credit status. It also suggests using initial trade credit to build positive payment history.
This document discusses how to build business credit using trade credit from vendors. It explains that trade credit involves vendors extending credit to businesses for purchases, allowing payment within set timeframes like net 30 days. The document advises finding vendors that will issue initial credit to businesses with no existing credit history and that report payments to business credit bureaus. Quill is recommended as one such vendor that can help new businesses establish their first trade accounts and start building a positive business credit profile.
This document discusses how business credit scores from Experian and Equifax affect a business's ability to access financing. It notes that the webinar will cover how the Experian business credit score works and how to control the score to get more financing. It also mentions that it will compare scores to others in the same industry, dissect Experian's Intelliscore Plus, compare Experian scores to FICO scores, and cover how Experian and Equifax scores depict risk of business failure and affect borrowing ability. Finally, it states that the webinar will provide details on Equifax's Credit Risk Score and explain what the actual scores from Experian and Equifax mean and how they impact business operations and access to money
Business credit reporting agencies obtain data from a variety of sources to calculate business credit scores and assess the risk of a business defaulting on payments. They collect objective data including payment history reported by creditors, public records like bankruptcy and lien filings, tax information from the IRS, and business registration and incorporation documents. They also gather supplemental information from sources like directories, press releases, and web searches. The goal is to objectively measure a business's ability to pay its bills on time based on this collection of financial and public records data on the business.
This document discusses a webinar about secured and unsecured business financing options that are available now. The webinar will cover the differences between secured and unsecured financing, types of unsecured financing like business credit cards and merchant financing that businesses can qualify for. It will also discuss secured financing options with low interest rates that even startups and businesses with credit challenges can access.
If a startup can show legitimacy it helps the lender feel comfortable about lending. Building business credit is a specific process. Your startup is your dream! It might begin on your kitchen table and turn into a multinational corporation.
This document discusses how call centers can make money by offering business credit and financing solutions to their customers. It describes a turnkey system that provides access to business credit programs, funding options, and marketing materials. Call centers can earn thousands per sale by offering this solution, as well as ongoing commissions from funding. Case studies are presented of call centers earning hundreds of thousands in revenue through high-volume sales of a business credit and financing program. The webinar argues this is a lucrative opportunity for call centers to help business owners while significantly boosting their own profits.
This document discusses common reasons why business loan applications may be declined by lenders and provides tips to improve the chances of approval. It outlines key steps like establishing credibility for the business name and address, obtaining necessary licenses and permits, setting up a business bank account and credit profiles, and maintaining good personal and business credit histories. Following the guidelines around building credibility, using an accurate business name and address, and ensuring positive credit quality can help businesses strengthen their applications and increase their approval odds.
This document provides instructions for setting up initial business credit profiles with Dun & Bradstreet (D&B), Experian, and Equifax. It recommends first setting up your business entity with your state and obtaining an EIN from the IRS. Then it describes how to check if you have existing profiles and how to create profiles if needed. For each agency, it recommends obtaining your business credit reports and scores to monitor your credit status. It also suggests using initial trade credit to build positive payment history.
This document discusses how to build business credit using trade credit from vendors. It explains that trade credit involves vendors extending credit to businesses for purchases, allowing payment within set timeframes like net 30 days. The document advises finding vendors that will issue initial credit to businesses with no existing credit history and that report payments to business credit bureaus. Quill is recommended as one such vendor that can help new businesses establish their first trade accounts and start building a positive business credit profile.
This document discusses how business credit scores from Experian and Equifax affect a business's ability to access financing. It notes that the webinar will cover how the Experian business credit score works and how to control the score to get more financing. It also mentions that it will compare scores to others in the same industry, dissect Experian's Intelliscore Plus, compare Experian scores to FICO scores, and cover how Experian and Equifax scores depict risk of business failure and affect borrowing ability. Finally, it states that the webinar will provide details on Equifax's Credit Risk Score and explain what the actual scores from Experian and Equifax mean and how they impact business operations and access to money
Business credit reporting agencies obtain data from a variety of sources to calculate business credit scores and assess the risk of a business defaulting on payments. They collect objective data including payment history reported by creditors, public records like bankruptcy and lien filings, tax information from the IRS, and business registration and incorporation documents. They also gather supplemental information from sources like directories, press releases, and web searches. The goal is to objectively measure a business's ability to pay its bills on time based on this collection of financial and public records data on the business.
This document discusses a webinar about secured and unsecured business financing options that are available now. The webinar will cover the differences between secured and unsecured financing, types of unsecured financing like business credit cards and merchant financing that businesses can qualify for. It will also discuss secured financing options with low interest rates that even startups and businesses with credit challenges can access.
This document outlines the steps to get business credit cards from Amazon, Dell, and Walmart without a personal guarantee. It discusses obtaining an EIN number and DUNS number for free, understanding business credit reports, getting approved for starter vendor accounts, and following a 5-step process to build business credit in a way that leads to approval for revolving credit cards. The webinar provides the exact steps for getting approved for these cards without a personal credit check.
This document outlines how to build an excellent business credit score in 90 days. It discusses the three main business credit scores, the factors that affect scores, who will approve initial business credit, and how to use the newly established business score to qualify for credit with no personal guarantee. The webinar teaches little-known details about business credit scoring and how to establish excellent credit in just three months.
A walkthrough about 10 business bank account hacks to properly setup and manage your business bank account... and get an excellent bank rating credit score
The document outlines 9 key things to learn about the major credit reporting agencies Dun & Bradstreet, Equifax, and Experian. It will cover the history of the agencies, which has the most records on file, unethical actions that got them into trouble, how one agency's actions led to consumer credit protection laws, the original industry that credit reporting emerged in, which has headquarters in Ireland, which started decades before Trans Union, and an overview of finance products.
This document describes how to obtain $150,000 in credit lines with 0% interest rates through an unsecured business financing program. It notes that the program can obtain 5-8 credit cards or lines of credit for businesses with credit limits 5-8 times the applicant's highest existing personal credit limit. The program claims to be able to approve businesses for a total of $150,000 in credit limits across multiple cards within a short period of time and help build business credit reports through the business credit reporting agencies.
This document discusses unsecured financing options for businesses, including unsecured credit cards, cash flow-based lending, merchant advances, and revenue lending. Unsecured financing does not require collateral to secure the debt. Some options highlighted are unsecured credit cards for businesses with good personal or business credit, which can provide limits from $10,000 to $150,000. Revenue lending offers loans up to $1 million based on 8-12% of annual revenue, with interest rates from 10-45%. Merchant advances similarly offer short term loans up to $1 million based on one month's sales volume.
This document discusses various types of unsecured financing options for small businesses, including unsecured business loans, cash advances, business credit cards, and business credit lines. It notes that unsecured financing carries the highest risk for lenders since there is no collateral pledged. As a result, interest rates for unsecured financing tend to be higher than rates for secured financing. The document also provides details on specific unsecured financing products like cash advances, business credit cards from Chase and American Express, and methods for obtaining business credit without a personal guarantee.
The document discusses various types of business loans and how to qualify for them. It describes conventional bank loans that require good financials and credit. Alternative loans are easier to qualify for and can be based on business cash flow, personal credit, or collateral. Cash flow loans require consistent monthly deposits over $10,000 and being in business over a year. Credit loans are unsecured up to $150,000 with a 685+ credit score. Collateral loans have low rates based on collateral like receivables or equipment. A business loan broker assists by finding the best loan options based on a business's strengths.
The document discusses credit privacy numbers (CPNs), shelf corporations, and buying tradelines. It provides information on what CPNs and shelf corporations are, as well as warnings that using a CPN in place of a SSN for credit applications is considered fraud and illegal. The summaries from credit reporting agencies, government organizations, and the FTC all confirm that CPNs cannot be used to establish new credit reports or identities and promoting their use for this purpose is fraudulent.
Learn more about small business loans, cash access problems,cash flow loans, unsecured financing, collateral-based financing and how to get approved for business financing.
1) Shelf corporations are inactive companies that have been formed years ago and "put on a shelf" to age, making them more valuable to purchase for the purpose of gaining an instant business history.
2) Purchasing an aged shelf corporation can help a new business or entrepreneur qualify for loans and contracts that require an established business history. However, shelf corporations are viewed negatively by regulators and credit bureaus as potentially unethical or deceitful.
3) While shelf corporations can provide some legitimate benefits like faster licensing or credibility, using them to misrepresent business age or access credit could damage a company's reputation if discovered.
This document provides information on how to repair damaged business credit. It discusses obtaining business credit reports from the three major credit reporting agencies and disputing any inaccurate or outdated information directly with the agencies and creditors. The key strategies outlined are sending debt validation letters, disputing accounts, settling debts by paying outstanding balances, and proactively building new positive business credit to offset negative items on the reports over time.
The document provides information on obtaining money and credit for a new business. It discusses various financing options including bank funding, which is typically difficult for new businesses due to requirements. It then outlines several collateral-based financing options that can provide funds to new businesses. The document also discusses establishing business credit by starting with vendor accounts from suppliers that report to credit bureaus, and then gradually obtaining store credit cards and cash business credit cards to build a strong business credit profile.
This document outlines the steps to get business credit cards from Amazon, Dell, and Walmart without a personal guarantee. It discusses obtaining an EIN number and DUNS number for free, understanding business credit reports, getting approved for starter vendor accounts, and following a 5-step process to build business credit in a way that leads to approval for revolving credit cards. The webinar provides the exact steps for getting approved for these cards without a personal credit check.
This document outlines how to build an excellent business credit score in 90 days. It discusses the three main business credit scores, the factors that affect scores, who will approve initial business credit, and how to use the newly established business score to qualify for credit with no personal guarantee. The webinar teaches little-known details about business credit scoring and how to establish excellent credit in just three months.
A walkthrough about 10 business bank account hacks to properly setup and manage your business bank account... and get an excellent bank rating credit score
The document outlines 9 key things to learn about the major credit reporting agencies Dun & Bradstreet, Equifax, and Experian. It will cover the history of the agencies, which has the most records on file, unethical actions that got them into trouble, how one agency's actions led to consumer credit protection laws, the original industry that credit reporting emerged in, which has headquarters in Ireland, which started decades before Trans Union, and an overview of finance products.
This document describes how to obtain $150,000 in credit lines with 0% interest rates through an unsecured business financing program. It notes that the program can obtain 5-8 credit cards or lines of credit for businesses with credit limits 5-8 times the applicant's highest existing personal credit limit. The program claims to be able to approve businesses for a total of $150,000 in credit limits across multiple cards within a short period of time and help build business credit reports through the business credit reporting agencies.
This document discusses unsecured financing options for businesses, including unsecured credit cards, cash flow-based lending, merchant advances, and revenue lending. Unsecured financing does not require collateral to secure the debt. Some options highlighted are unsecured credit cards for businesses with good personal or business credit, which can provide limits from $10,000 to $150,000. Revenue lending offers loans up to $1 million based on 8-12% of annual revenue, with interest rates from 10-45%. Merchant advances similarly offer short term loans up to $1 million based on one month's sales volume.
This document discusses various types of unsecured financing options for small businesses, including unsecured business loans, cash advances, business credit cards, and business credit lines. It notes that unsecured financing carries the highest risk for lenders since there is no collateral pledged. As a result, interest rates for unsecured financing tend to be higher than rates for secured financing. The document also provides details on specific unsecured financing products like cash advances, business credit cards from Chase and American Express, and methods for obtaining business credit without a personal guarantee.
The document discusses various types of business loans and how to qualify for them. It describes conventional bank loans that require good financials and credit. Alternative loans are easier to qualify for and can be based on business cash flow, personal credit, or collateral. Cash flow loans require consistent monthly deposits over $10,000 and being in business over a year. Credit loans are unsecured up to $150,000 with a 685+ credit score. Collateral loans have low rates based on collateral like receivables or equipment. A business loan broker assists by finding the best loan options based on a business's strengths.
The document discusses credit privacy numbers (CPNs), shelf corporations, and buying tradelines. It provides information on what CPNs and shelf corporations are, as well as warnings that using a CPN in place of a SSN for credit applications is considered fraud and illegal. The summaries from credit reporting agencies, government organizations, and the FTC all confirm that CPNs cannot be used to establish new credit reports or identities and promoting their use for this purpose is fraudulent.
Learn more about small business loans, cash access problems,cash flow loans, unsecured financing, collateral-based financing and how to get approved for business financing.
1) Shelf corporations are inactive companies that have been formed years ago and "put on a shelf" to age, making them more valuable to purchase for the purpose of gaining an instant business history.
2) Purchasing an aged shelf corporation can help a new business or entrepreneur qualify for loans and contracts that require an established business history. However, shelf corporations are viewed negatively by regulators and credit bureaus as potentially unethical or deceitful.
3) While shelf corporations can provide some legitimate benefits like faster licensing or credibility, using them to misrepresent business age or access credit could damage a company's reputation if discovered.
This document provides information on how to repair damaged business credit. It discusses obtaining business credit reports from the three major credit reporting agencies and disputing any inaccurate or outdated information directly with the agencies and creditors. The key strategies outlined are sending debt validation letters, disputing accounts, settling debts by paying outstanding balances, and proactively building new positive business credit to offset negative items on the reports over time.
The document provides information on obtaining money and credit for a new business. It discusses various financing options including bank funding, which is typically difficult for new businesses due to requirements. It then outlines several collateral-based financing options that can provide funds to new businesses. The document also discusses establishing business credit by starting with vendor accounts from suppliers that report to credit bureaus, and then gradually obtaining store credit cards and cash business credit cards to build a strong business credit profile.
More from Ty Crandall, Business Credit Expert (20)
PROMOTING GREEN ENTREPRENEURSHIP AND ECO INNOVATION FOR SUSTAINABLE GROWTH.docxnehaneha293248
: This study investigates the multi-faceted relationship between entrepreneurship, innovation, and sustainability across countries at different development levels. We construct a novel dataset combining measures of entrepreneurial activity, innovation outputs, and sustainability performance indicators related to economic, social, and environmental dimensions.Using country-level panel regression analysis, we find that entrepreneurship rates and attitudes are positively associated with social sustainability factors like education, gender equality, and institutional quality. However, high entrepreneurship levels do not necessarily correlate with better environmental sustainability outcomes, suggesting entrepreneurs may prioritize economic objectives over environmental ones.The results for innovation are more mixed. Greater innovation output is linked to higher economic development, but also associated with both positive and negative sustainability factors. This implies that while innovations drive economic progress, they may come with environmental costs without complementary policies. The findings suggest that entrepreneurship supports social sustainability, but pursuing entrepreneurship and innovation alone is insufficient for achieving environmental sustainability goals. We discuss policy implications, including strengthening education and skills, improving access to financing for sustainable ventures, incentivizing green innovation, and developing sustainability reporting standards. By aligning entrepreneurship and innovation with sustainability priorities, policymakers can harness these dynamic forces to create more sustainable, inclusive, and resilient economies.
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Ecofrico: Leading the Way in Sustainable Hemp Backpacks
12 Credit Lines And Cards You Can Get For Your Business
1. 12 Credit Lines and Cards
You Can Get for Your Business…
and How to Get Approved Even
as a Startup or if You Don’t have
Good Personal Credit
2. Business Credit Lines
Ty Crandall
Chief Executive Officer
(877) 600-2487
info@creditsuite.com
www.CreditSuite.com/EIN
3. Business Credit Lines
A credit line, or line of credit (LOC), is an agreement between
a financial institution or private investor that establishes a
maximum loan balance that a borrower can access
A borrower can access funds from their line of credit anytime, as
long as they don’t exceed the maximum set in the agreement,
and as long as they meet any other requirements of the finance
institution or investor such as making timely payments
Get Approved Now…www.CreditSuite.com/GetFunding
4. Credit lines provide many unique advantages to
borrowers including flexibility
Borrowers can use their line of credit and only pay
interest on what they use, unlike loans where they
pay interest on the full amount borrowed
Credit lines can be re-used, so as you acquire a
balance and pay that balance off, you can use that
available credit again, and again
Business Credit Lines
Free Consultation…www.CreditSuite.com/Consult
5. Credit lines are revolving accounts
similar to credit cards, and contrast
other forms of financing such as
installment loans
In many cases, lines of credit are
unsecured, much the same as
credit cards are
There are some credit lines that are
secured, and therefore easier to
qualify for
Business Credit Lines
Get Approved Now…www.CreditSuite.com/GetFunding
6. Credit lines are the most commonly requested loan type in the business
world
Even though they are very popular, true credit lines are rare, and hard
to find
Many are also very tough to qualify for requiring good credit, good time
in business, and good financials
But there are other credit cards and lines that few know about that are
available for startups, bad credit, and even if you have no financials
Business Credit Lines
9. Conventional Credit Lines
Most credit line types that most business owners think of come from
conventional banks
Conventional banks use SBA loans as their primary loan product
for small business owners
This is because SBA insures as much as 90% of the loan in the
case of default
These credit lines are the hardest to qualify for because you must
qualify with SBA and the bank
Free Consultation…www.CreditSuite.com/Consult
10. There are two main types of SBA loans you can typically
secure
One type is called CAPLines
There are actually 5 types of CAPLines that can work for
your business
You can also secure a lower loan amount faster using the
SBA Express program
Most of these programs offer BOTH loans and revolving
lines of credit
Conventional Credit Lines
Free Consultation…www.CreditSuite.com/Consult
11. From SBA… “CAPLines is the umbrella program under which SBA
helps business owners meet short-term and cyclical working capital
needs”
Loan amounts are available up to $5 million
Loan qualification requirements are the same as with other SBA
programs
Conventional Credit Lines
Get Approved Now…www.CreditSuite.com/GetFunding
12. SBA CAPLines
Seasonal Line- Advances against anticipated
inventory and accounts receivables.
Designed to help seasonal businesses. Loan or
revolving are available
Contract Line- Finances the direct labor and
material cost associated with performing
assignable contracts. Loan or revolving are
available
13. Builders Line- Designed for general contractors
or builders constructing or renovating commercial
or residential buildings. Used to finance direct
labor-and material costs, where the building
project serves as the collateral. Loan or
revolving are available
SBA CAPLines
Get Approved Now…www.CreditSuite.com/GetFunding
14. Standard Asset-Based Line- For businesses unable to meet
credit standards associated with long-term credit.
Financing for cyclical growth, recurring and/or short-term
needs. Repayment comes from converting short-term assets
into cash. Businesses continually draw from the LOC, based
on existing assets, and repay as their cash cycle dictates. This
line generally is used by businesses that provide credit to
other businesses.
SBA CAPLines
15. Small Asset-Based Line- Asset-based revolving line
of credit of up to $200,000. This line has It operates
like a standard asset-based line except that some of
the stricter servicing requirements are waived,
providing the business can consistently show
repayment ability from cash flow for the full amount.
SBA CAPLines
Get Approved Now…www.CreditSuite.com/GetFunding
16. SBA Express
The SBA Express program offers access to a credit line
for well-qualified borrowers
You can get approved for up to $350,000
Interest rates vary, with SBA allowing banks to charge as
much as 6.5% over their base rate
Loans over $25,000 will require collateral
Get Approved Now…www.CreditSuite.com/GetFunding
17. SBA Qualification Details
To get approved you’ll need:
Good personal and business credit… SBA states you
should not have any “blemishes” on your report
Good bank credit… An acceptable bank score
requires you have at least $10,000 in your account over
the last 90 days
Get Approved Now…www.CreditSuite.com/GetFunding
18. A resume showing you have industry experience
A well put together business plan
3 years of business and personal tax returns… your business returns
should show a profit
Current balance sheet and income statement… showing you have the
funds to repay the loan
SBA Qualification Details
Free Consultation…www.CreditSuite.com/Consult
19. To get approved you’ll need:
Account receivables… if you have them
Collateral to offset the risk… usually all business
assets will be taken as collateral, and some
personal assets including your home. It’s not
uncommon to need collateral equal to 50% or
more of the loan amount
SBA Qualification Details
20. SBA Qualification Details
Articles of incorporation
Business licenses
Contracts with all 3rd parties
Lease
Get Approved Now…www.CreditSuite.com/GetFunding
22. Alternative SBA Credit Lines
Private investors and alternative lenders also
offer credit lines
These are easier to qualify for than conventional
SBA loans
They also require much less documentation for
approval
23. These alternative SBA credit lines usually require good
personal credit for approval
Unlike with SBA, many of them don’t require good bank
or business credit approval
Almost all of these types of programs require 2-year’s of
tax returns
Tax returns MUST show a profit
Alternative SBA Credit Lines
Free Consultation…www.CreditSuite.com/Consult
24. Rates can vary from 7% or higher
Loan amounts range from $25,000 into the millions
Loan amounts are typically based on the revenues
and/or profits reflected on the tax returns
Sometimes lenders may want other financials including a
P&L, balance sheets, and income statements
Alternative SBA Credit Lines
Get Approved Now…www.CreditSuite.com/GetFunding
25. Cash Flow Financing Credit Line
Merchant cash advances have quickly become the most popular
way to get financing, in large part due to the easy qualification
process
Companies with 10k in revenue can get approved, with the business
owner having scores as low as 500
Some sources have now even started to offer credit lines that go
with their loans
26. You will need to have at least 10k in revenue for
approval
You should be in business for at least one year, 3
years is preferred
Lenders often want to see a credit score of 650
or higher for approval
Cash Flow Financing Credit Line
Get Approved Now…www.CreditSuite.com/GetFunding
27. Loan amounts are usually around $20,000
Lenders often do pull your business credit, so you
should have some credit already established
Sometimes lenders will want to see tax returns
Rates vary based on risk for this program, and there
aren’t a lot of funding sources who offer it
Cash Flow Financing Credit Line
28. Securities Financing
You can get financing regardless of personal
credit if you have some type of stocks or bonds
You can also get approved if you have someone
wanting to use their stocks or bonds as collateral
for your financing
Free Consultation…www.CreditSuite.com/Consult
29. Personal credit quality doesn’t matter as there are no consumer
credit requirements for approval
You can get approved for as much as 90% of the value of your stocks
or bonds
Rates are often less than 2%, making this one of the lowest rate credit
lines you’ll ever see
You can still earn interest as you normally do on your stocks and bonds
Securities Financing
Get Approved Now…www.CreditSuite.com/GetFunding
31. Credit Lines Versus Credit Cards
Credit cards and lines are very similar each other
Credit cards usually offer 0% intro rates for up to 2 years… very
helpful for startups especially
Credit lines allow you to take out more cash at a much cheaper
rate than do cards
These are the main two differences that will affect you between
credit cards and credit line
Investopedia even says that “lines of credit are
potentially useful hybrids of credit cards”…
Get Approved Now…www.CreditSuite.com/GetFunding
32. Both cards and lines are revolving credit
Credit lines are harder to qualify for as card
approvals are typically very fast, many times
automated, while line require an in-depth
underwriting review
Lines usually offer lower rates, according to
Bankrate card rates average 13% while lines
average 4%
Credit Lines Versus Credit Cards
33. Unsecured Business Credit
Cards
Most banks offer unsecured business credit cards
Most of them do report to the consumer credit reporting
agencies
They all require a personal guarantee from you
You can get approved usually for one card max as they
stop approving you when you have 2 or more inquiries on
your report
Free Consultation…www.CreditSuite.com/Consult
34. Business Credit Cards
Most credit card companies offer business credit cards
including Capital One, Chase, and Amex
These have rates similar to consumer rates and limits are
also similar
Some report to the consumer reporting agencies, some
report to the business bureaus
Approval requirements are similar to consumer credit card
accounts
35. Typically, when you apply for a credit card you put an inquiry on your
consumer report
When other lenders see these, they won’t approve you for more
credit because they don’t know how much other new credit you have
recently obtained
So they’ll only approve you if you have less than 2 inquiries on your
report within the last 6 months… and more will get you declined
Unsecured Business Financing
36. Unsecured Business Financing
With UBF, you work with a lender who
specializes in securing business credit cards
This is a VERY rare, very little know about
program that few lending sources offer
Get Approved Now…www.CreditSuite.com/GetFunding
37. They can usually get you 3-5 times the approvals that you can get
on your own
This is because they know the sources to apply for, the order to
apply, and can time their applications so the card issuers won’t
decline you for the other card inquiries
Individual approvals usually range from $2,000-50,000
Unsecured Business Financing
Get Approved Now…www.CreditSuite.com/GetFunding
38. The result of their services is that you usually get
up to 5 cards that mimic the credit limits of your
highest limit accounts now
Multiple cards create competition, and this
means you can get your limits raised typically
within 6 months or less of your initial approval
Approvals can go up to $150,000 per entity such
as a corporation
Unsecured Business Financing
Get Approved Now…www.CreditSuite.com/GetFunding
39. With UBF they actually get you 3-5 business credit cards that
report only to the business credit reporting agencies
This is HUGE, something most lenders don’t offer or advertise
Not only will you get money, but you build your business credit
also
So within 3-4 months, you can then use your newly established
business credit to get even more money
Unsecured Business Financing
Free Consultation…www.CreditSuite.com/Consult
40. The lender can also get you low
intro rates, typically 0% for 6-18
months
You’ll then pay normal rates after
that, typically 5-21% APR with 20-
25% APR for cash advances
And they’ll also get you the best
cards for points, meaning you get
the best rewards
Unsecured Business Financing
41. Just like with anything, there are HUGE benefits in
working with a source who specializes in this area…
the results will be much better than if you try to go at
it alone
Unsecured Business Financing
Get Approved Now…www.CreditSuite.com/GetFunding
42. You must have excellent personal credit now, preferably
685 + scores… the same as with all business credit cards
You shouldn’t have ANY derogatory credit reported to get
approved
You must also have open revolving credit on your
consumer reports now
You’ll need to have 5 inquiries or less in the last 6 months
reported
Unsecured Business Financing
43. All lenders in this space charge a 9-15% success
based fee
You only pay the fee off of what you secure
Remember, you get a ton of extra benefits and
about 3-5 times more money with this
program than you’d get on your
own… which is why there’s a
fee… the same as all other lending
programs
Unsecured Business Financing
Get Approved Now…www.CreditSuite.com/GetFunding
44. You can get approved using a guarantor
You can even use multiple guarantors to
get even more money
Unsecured Business Financing
Get Approved Now…www.CreditSuite.com/GetFunding
45. Unsecured Business Financing…
Consumer Reporting
There are also other cards you can get using this same
program
But these cards only report to the CONSUMER reporting
agencies… not the business reporting agencies
They are consumer credit cards versus business credit
cards
Free Consultation…www.CreditSuite.com/Consult
46. They provide similar benefits including 0% intro APRs and
5 times the amount of approval of a single card
But they’re much easier to qualify for
You can get approved with a 650 score and 7 inquiries in
the last 6 months
You can have a BK on your credit… and other derogatory
items
These are much easier to get approved for than UBF
business cards
Unsecured Business Financing…
Consumer Reporting
47. Unsecured Credit Cards…
Using Business Credit
With all previous cards mentioned, you need to have
good CONSUMER credit to get approved
But what if your personal credit isn’t good, and you don’t
have a guarantor?
This is when BUILDING BUSINESS CREDIT makes a
ton of sense
Even if you have good personal credit, building your
business credit helps you get even more money… and
without a personal guarantee
Get Approved Now…www.CreditSuite.com/GetFunding
48. Business credit is credit in a business name,
that’s linked to the business’s EIN number… not
the owner’s SSN
When done properly, business credit can be
obtained with no personal credit check and no
personal guarantee… something all other cards
mentioned can’t deliver
Unsecured Credit Cards…
Using Business Credit
Get Approved Now…www.CreditSuite.com/GetFunding
49. You can get 3 types of business credit cards
Vendor credit, offers net 20 terms used to start a business credit
profile
Store credit, get credit cards with high limits at most stores
Cash and Fleet credit, Visa, MasterCard, Amex cards you can
use anywhere
These can be obtained with no credit check or guarantee
Limits are often $5-10 to start, and can exceed $50k
Unsecured Credit Cards…
Using Business Credit
50. Contact Us Today To Learn More!
(877) 600-2487
info@creditsuite.com
www.creditsuite.com/consult
www.creditsuite.com/getfunding