How to Get $250,000 in Business Credit for Your EIN That’s Not Linked to Your SSN

During this 70 minute live-training you’ll discover how to build credit that’s linked to your EIN and not your SSN that requires no personal guarantee or credit check… and how to get business loans and credit lines even if you have personal credit issues, no collateral, or are just starting your business.

You’ll uncover…

What business credit really is… and how it can be obtained linked only to your EIN with no personal credit check or personal guarantee required for approval

How to get real vendor credit you’ll want and can use immediately after the training using your EIN… and how to get HIGH-LIMIT store credit cards within 90 days or less at most major stores

How to get started today and quickly build a business credit profile and score that you can use to fund your business with credit cards, loans, and credit lines

How you can get very high-limit CASH, Visa and MasterCard business credit cards… per SBA limits on these cards are typically 10-100 times higher than consumer limits

A look at actual business credit approvals similar to what YOU can get approved for quickly… see for yourself real approvals for $8,000, $10,000, $15,000, even multiple with $50,000 approvals that you can also get approved for following the steps in this webinar

5 things you must do to initially start a business credit profile and score… and how you can get business credit even if you are just starting your company and even if it’s out of your home.

Which business entity you should obtain to truly eliminate your personal liability… so you don’t expose your personal assets and keep you and your family’s finances safe and secure

How to fill out your credit and funding applications the RIGHT WAY… so you’ll meet credit issuer approval standards before you even apply to get immediate automated approvals

3 BIG mistakes people make that get them denied for credit when they apply… and how you can avoid these pitfalls to get approved

3 ways to get funding that your bank does NOT offer and will NOT tell you about… and how to get approved as a startup, with no collateral, or even if you have personal credit issues

How banks have their own credit score for your business… and how to easily get a top bank credit score to make you a HIGHLY lendable candidate so you can get low rate loans and credit lines

How to get access to business credit, loans, and credit lines when you need them at the best rates possible… and how to do so with concierge service from top business advisors and finance officers

How you can make money offering business credit and financing as a service… as well as getting money and credit for your business.

And much more

During this one show you’ll get every detail you need to build your business credit and get loans and credit lines for your business.

Whether you are just getting started in business, have no collateral, lack cash flow, or are established and looking for the most money and credit at the best terms… this special one-of-a-kind webinar is for you!

Do you want to make money offering business credit and financing? Check out this link to discover how you can earn big commissions offering business credit and financing services for your customers

Your Business Fundability

Many business owners make the terrible mistake of thinking that just because they are in business, they deserve a business loan or line of credit.  These business owners will start their business and then instantly try to go out and apply for business financing.  Little do they know their business isn't fundable and they are declined, destroying their personal credit score and any opportunity to be approved for business financing in the next several months.

There are several different aspects of creating a business so that it can be fundable in the short-term and in the long-term.  Many business owners have a skewed perception of what it means to be fundable.  Let's look at some of the items that are needed for your business to be fundable.

Lender Compliant
Lenders are going to review a 20 item checklist to make sure that before they even look at your loan application, your business has a solid corporate foundation.  Your corporate foundation consists of your legal business name, proper business phone number, proper business address, state legal filings, and 16 other compliance items.  Lenders pretty much want to see that you have taken the time to pay attention to the details.

Strong Business Credit Scores
Your business credit score is just like your personal credit score.  If you do not have a good personal credit score you will not be able to buy a house, a car, or anything else that requires a good personal credit score for financing.  Your business credit score works the same way.  If you do not have a good business credit score with all three business credit reporting agencies, you will most definitely be declined for unsecured business financing.

Business Credit Diversity
Banks and lending institutions want to see that you have a diverse credit profile.  Again, just like your personal credit score, your business credit score goes up if you have a combination of reporting business credit cards and reporting vendor lines of credit.  If you only have one business credit card and nothing else, a bank or lender will be a bit more hesitant to approve your business for unsecured financing.

Business Credability
Having a strong business credit foundation is one aspect to becoming business fundable, however, being business credable is a different ball game.  Business credability is how you present your business to a potential lender or investor.  This will tell them whether or not you have a business plan that will entertain debt financing.  This has quite a bit to do with your business plan, your executive summary and your financial documents.  Ask yourself one question, "Would you lend You money?"

What You Need to Do Before Applying for Commercial Mortgages

When a business owner decided to apply for a commercial mortgage, it’s a big step forward in the life of the company. Most of the times, business owners are look for commercial mortgages because they have projected business expansion or they need to develop the property for other purposes. Most likely, these developments are related to their current business. Unfortunately in many cases, the forecasted expansion or development cannot be accommodated by their existing business location.

Compared to residential mortgages, there is more paperwork required in commercial mortgages. With this in mind, a business owner will need two important people throughout the process. First is a lawyer for legal concerns regarding the property and second is a commercial mortgage lender for fulfillment and processing of the application. A commercial mortgage lender can help with finding a lawyer that specializes in commercial property.

SBA Small Business Loan Lenders

SBA loans are small business loans given out by certain approved banks backed by the Small Business Administration (SBA). The SBA is a government agency funded by the US Treasury. Many small business owners believe that the government is the one that directly lends to small business owners. This is no longer to be true. In the past, the SBA directly issued business loans to small businesses. The SBA then pushed this responsibility to America’s qualified banking institutions.  

If a small business is seeking an SBA loan, the certified SBA lender will request a loan guarantee from the SBA.  The SBA will approve or decline this request.  If the SBA approves the request, depending on the SBA loan program , the SBA will guarantee repayment of that loan up to a certain percentage of the loan if the small business owner defaults on the loan.  In order for a bank to offer SBA loans as apart of their loan program, they must go through certain qualifications. Once the bank is a certified SBA lender, they have the write to offer all of the SBA’s loan programs.

The SBA (The Federal Government) does not directly lend to small businesses

There are different types of SBA loans in order to entertain the different small business scenarios in the United States. The SBA has also created SBA loan programs to entertain natural disasters, economic disasters, and small business owners who are experiencing financial stress.  In order to be approved for these types of government backed loans, you must fall under all the certified SBA lenders qualifications.  SBA loans take between four and six months to process.  There are quite a few qualifications a small business must go through in order to be approved for an SBA loan.  These government backed loans are not for small businesses who are in current real-time need of business capital.

Minority SBA Loans
SBA Loan Rates
SBA Loan Requirements
SBA Loans for Women

The SBA has offices all over the country in order to assist local small businesses on their needs.  Search for an SBA office nearest you.

Below are the different types of SBA loan programs backed by the SBA.

SBA 504 Loan Program– This loan program is mainly for commercial mortgages.  If you are looking to purchase a building you can apply for an SBA loan to assist you in the purchase.

SBA 7(a) Loan Program- This loan program is actually a bunch of different loan programs for different business purposes.  The SBA 7(a) program is the SBA’s most flexible loan program and is mainly for start-ups and existing businesses.  Please see the different SBA &9a) loan programs below:

7(a) Express Loan Programs

SBA Express – This allows for a borrower to have a response of their application within 36 hours.  There are quite a few qualifications to even apply for this type of accelerated loan program.

Community Express – This program serves the under deserved communities in certain areas in the US or HUBZones with a unique loan that covers cash and technical assistance.  This program also entertains loans of up to $25,000 no matter where your small business is located in the United States.

Patriot Express – This program assists small businesses that are 51% or more owned my veterans or anyone in the military.

7(a) Export Loan Program

Export Express – This programs assists business owners in their exports business.  The SBA offers backing for loans and lines of credit up to $250,000.

Export Working Capital – Allows for small businesses that can support export sales to do so with the assistance of a Export Working Capital SBA Loan.

International Trade Loan Program – Program assists in businesses that are looking to start or already export or have been affected by import competition.  The funds must put the small business in a position where they can compete.  This loan is caped at $1.75 million.

7(a) Rural Lender Advantage Program

Rural Lender Advantage - Program is designed to assist small rural area lenders that have been negatively impacted by anything to streamline application process.  This is apart of a larger SBA initiative.

7(a) Special Purpose Loan Program

CAIP – The Community Adjustment and Investment Program is dedicated to assist US companies that are doing business in areas of the country that have been affected by NAFTA.  CAIP loans allow for the payment of SBA loan fees to lenders.  In many cases these fees can be very large.

CAPLines – This program is an umbrella program and assists small businesses meet their cyclical working capital needs.  This loan features five different lines of credit:  Seasonal Line, Contract Line, Builders Line, Standard Asset Based Line, and Small Asset Based Line.

Employee Trusts – This program assists in employee stock ownership plans.

Pollution Control – This program allows for different 7(a) loans for the main purpose of pollution control.

SBA Micro Loan Program – This loan program is dedicated for start-ups and caps at $35,000.  Main purpose of this loan program is for working capital to buy equipment, inventory, etc.

SBA Disaster Assistance Loan Program – This program offers low interest loans to any business property or assets that have been destroyed in a natural disaster.