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Building Business Credit

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  • I would recommend (cyberblasst@gmail.com). i saw his info on a friend's post here, i was skeptical at first but decided to contact him all i can say is i never regretted it, he helps in credit repairs and also erase all your outstanding debts so you can be qualified for any credit card loan and loan amount of your desire,i dont need to tell you twice. Also into negative entry clean ups. Get your dream property. His a genius at what he does (i promised this recommedation). wish you all the best.
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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>

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