HOW IT IS DONE
HOW IT IS DONE
There are over 500,000 vendors extending credit, but less than 6,000 report to the business credit agencies. Additionally, there are over 500 business credit cards in the U.S., but less than 70 of them report solely to the business credit agencies. Once you have access you will be able to see what each vendor and business credit card requires for approval and which business credit agency they report to.
A - Foundation
Banks and lenders will require to see that your business is in lending compliance. Our system will build your business that solid foundation for building strong business credit scores.
Our system will provide you with all the necessary instruction to complete all items required to meet compliance in order for your business to be 'credit ready'.
B - Business Credit Analysis
We address the major components that make-up the credit and financing potential of your business and see what funding programs might be available to you and offer alternative solutions.
By improving and maximizing your personal and business credit scores, you will make much more capital (cash) and resources available to your business at better rates, terms and pricing.
C - Business Credit Reporting Agencies
We create your business credit profile files with all three major business credit agencies; Dun & Bradstreet, Experian Business and Equifax Small Business. Depending on your current status, this includes establishing new file(s) ONLY.
D - Vendor Lines of Credit
Within 48 hrs after purchasing the Business Credit Profile Creator you will get your first two Net-30 Accounts to apply for totaling up to $4k and a list of vendors to apply for in tiers.
Optimizing business credit requires that your company acquire vendor lines of credit. A vendor line of credit is when a company (vendor) extends a line of credit to your business on "Net 15, 30, 60 or 90" day terms. This means that you can purchase their products or services up to a maximum dollar amount and you have 15, 30, 60 or 90 days to pay the bill in full.
E - Business Lines of Credit
We have a database of reporting business credit cards with and without a personal guarantor. Once you have access, you will be able to see what each card requires for approval and which business credit agency it reports to.
A revolving business line of credit account is one that allows you to pay a "minimum due" per month and not the full outstanding balance. These accounts normally report to Experian Business and sometimes to D&B and Equifax Small Business. Because of how they report, these accounts will help build your business credit on a larger scale than just the Net 30 day vendors alone.