This document provides information about learning options for business credit and funding. It discusses the purpose of business, statistics on small business revenues and failure rates, and reasons why businesses fail. The bulk of the document then focuses on understanding borrowing options beyond banks and the SBA, including loans, lines of credit, and credit card usage. It provides examples of business financing options and approval amounts for different business owners with varying credit profiles.

1. Become a Business
Credit & Funding Ninja
Learn Your Borrowing Options &
How to Treat Your Credit as an Asset

2. • Why are we here?
Build a profitable and valuable business
Peter Drucker
a) Purpose of business is to create…
b) Two functions of any business

3. • 28,000,000 Small Businesses in the U.S.
83% - Less than $100,000 in Annual Revenues
6.1% - Between $100,000 - $300,000 in Annual Revenues
4 out of 100 reach $1,000,000 in Annual Revenues.
4 out of 1,000 reach $10,000,000 in Annual Revenues

4. • 80% fail in First 5 Years acc. to Michael
Gerber, author of The e-Myth Revisited
3 Reasons Businesses Fail
Resources vs. Resourcefulness

6. “ Coaching is mostly about developing the
capabilities of high-potential performers and/or
assisting with transition & growth.”
- HBR

7. 1. Begin to Treat Your Credit as an Asset
What it means & doesn’t mean
Is your credit an asset or a liability?
The ONLY reason we really care
about credit

8. 2. Understand Your Borrowing Options
(beyond the bank and SBA)
Bank & Non-Bank Options
Loans vs. Lines of Credit
When to get your Loans vs. when to
get your Lines of Credit
Credit Card usage

9. There are ONLY 2 ways you can finance
your business
Equity or Debt
The Case for Equity
The Case for Debt

10. Acc. to Lendio 59% of their site visitors
needed $50,000 or less to fund their
businesses.
Our experience - $50-150k
Lines of Credit vs. Loans
Les McKeown’s suggestions on how much
money to get for your business

11. Excellent Credit Not Great Credit
Loan Amount $100,000 $100,000
Term 10 Years 6 Months
Rate/Cost 6.00% 1.3
Monthly Payment $1,110 $21,665
Daily $50.45 $984.77
Total Cost at Term $133,225 $130,000
Total Cost 6 Months $102,954 $130,000

12. FICO Score Factors
Available Credit
Payment History
Length of History
Number of Inquiries
Type of Credit

13. Where is your data, lawsuits, FAKO’s

14. • The ONLY 2 ways you can improve your Credit

15. Dun & Bradstreet
Experian Business Credit
Equifax Commercial

16. Rise in importance of Business Credit
Beware of deceptive Biz Credit Sales Tactics
Business FICO/SBSS Scores – 0 to 300

17. How are they different?

19. Banks approve 10-20% of the apps they get from SBO’s

20. Approx. 60,000 7a loans approved every year
60,000 / 28,000,000 = 1/467
SBA Loans looking for:
Good Credit Strong Cash Flow
Collateral Liquidity/Reserves
Startups Okay (sort of)

21. Access Capital
Separate Personal & Business Credit
Protect, Preserve, & Improve Your Credit Profile
Cash-Flow Friendly Financing
Minimize Interest Expense
Maximize Tax Benefit

22. Purchase Assets - 10% down pmt for building,
acquisition, etc.
Equipment – do more, do faster, do
quicker, etc.
Working Capital
RGA or improving Cash Flow

23. Ms. Johnson in NJ
Needed tractor trailer
540 FICO Score
Currently Past Due on Mortgage
Approved for $60,000 to buy TT
Mr. Durham in PA
Needed Startup funding
Got him $132,000 approved in 5 days
Lines of Credit - No collateral
Buying & rehabbing Laundromat
Ms. Luetkemeyer in AZ
Building sales software & training Biz
18-30 month mark
$425,000 with only a UCC
Mr. Haedrich in CA
$402,500 in 10 months
No Collateral
$150k unsec loan
$252,500 in unsec. LOC’s

24. Goto http://netprofitexplosion.com/lencred/
Get Free Report – 16 Best Business
Financing Options