Why Establish Business Credit
Quickly Obtain Flexible
Business Lines of Credit
Business credit can be a huge asset in helping you grow your company. It enables you to obtain the capital you need not only to expand, but also to purchase inventory, hire additional staff and maintain the funds needed to cover the day to day cost of doing business. The vast majority of lenders and investors rely on your business creditworthiness when setting loan terms, determining insurance premiums, and increasing lines of credit.
- 27% of businesses surveyed by the NSBA claimed that they were not able to receive the funding they needed. For those 1-in-4 businesses, the most frequent primary impact that a lack of funding had was preventing them from growing their business.
- According to the NSBA Small Business Access to Capital Study, 20% of small business loans are denied due to business credit.
- The Nav American Dream Gap Survey, 2015 revealed of small business owners surveyed, 45% did not know they have a business credit score, 72% did not know where to find information on their business credit score and 82% didn’t know how to interpret their score.
- The average business needs 12-18 months to improve its business credit score according to Cardhub.
Wait! Don't Forget Your FREE Guide!
How new businesses can get up to $150k in business credit that's linked to their SSN with no personal credit check!
Building Your Business Credit Protects Your Personal Credit And
Provides Your Business Access To The Funds You Need When You Need Them.
How it Works
Get Pre Qualified
Fill out the pre-qualification form. There’s no fee or obligation, and it won’t impact your credit.
Get Funding Projections
Upon underwriting completion we will provide you with funding projections in 24/48 hrs.
Get Funded
Access the business lines of credit in as little as 14 days.
What Your Business Will Get
- $25,000 to $150,000 in combined credit limits
- 4-5 revolving lines of business credit (bank issued)
- No interest for 6-18 months
- Reports to business credit reporting agencies
- Does not report to personal credit
The revolving lines of credit set up for your business do not report to the consumer credit reporting agencies.
This enables you to protect your personal credit since all the purchase activity, payments and debt you carry on your business credit lines only report to the business credit reporting agencies not your personal credit.
- Establish a business credit file for your company
- Establish 4-5 positive accounts reporting to your business credit file
- Generates a business credit score/rating for your business
- Positions the business for future credit limits increases
What You Need to Qualify
This program is based on personal credit scores/reports NOT past business performance. We do not look at what the business has done, but what the business COULD do if properly funded.
Qualifications include:
- Minimum of 690 FICO® Scores
- Minimum of one personal credit card reporting with a $2,500 limit
- Favorable credit utilization ratio
- No excessive inquiries
- Must have a separate legal entity (Corporation, LLC or Limited Partnership)
*We accept credit partners if your credit is not quite good enough. If your file is too thin with limited depth we also have a personal credit funding program to help you build up your personal credit file while gaining access to credit and capital. This will help position you to get qualified for one of our unsecured business funding programs in a short period of time.
Why Should You Get Business Lines of Credit?
We can help you solve this!
Are you having trouble getting the cash you need to grow your business or execute your real estate deals?
We can help you solve this too!
Did you ever want to start a new business or invest in real estate but didn’t want to risk your personal credit or life savings?
We also have a solution for this!
We can get you cash quickly by leveraging the strength of your personal credit. Our in depth understanding of business credit and financing means we can provide unsecured business lines of credit to new and growing businesses in as fast as 14 days.
Let us show you how to get the cash you need.
Examples of how you can use unsecured business lines of credit include (but are not limited to):
- Starting a new business or purchasing a business
- Acquire new equipment or supplies
- Adding on to your current business location
- Investing in real estate (purchase/rehab properties, pay off balloon notes, etc.)
- Purchasing land or another business facility to grow your business
- Launching an advertising campaign to promote your business
- Investing in the long-term future of your business
- Purchasing Raw Materials
- Purchasing Inventory and Products for resale
5 Reasons to Establish Business Credit Now
1. Secure flexible financing options. Approval for most small business loan decisions under $90,000 happens automatically, often relying on one thing – your business credit file and score.
2. Optimal credit terms. A strong business credit score enables your business to secure lower credit card and loan interest rates, often below 8% and 7% respectively. The opposite is true for a weak credit score.
3. Increase cash flow. A high business credit score can lower your business’s financing costs, insurance premiums, rental terms, and credit card rates.
4. Increase profitability. Establishing business credit can help you obtain the loan you need to buy the extra equipment, expand your office space or warehouse, hire new employees, build your inventory or obtain whatever your business needs.
5. Optimal credit and repayment terms with vendors and suppliers. A strong business credit profile enables you to secure better repayment terms with your vendors and suppliers. This is especially handy when you need to buy additional equipment, purchase inventory, or make other major purchases for your business.