What stage is your business in? Just Starting? Existing? Buying a Business?
Just Starting a Business... Then building business credit is perfect for you. It's critical for newer businesses to have access to credit and capital. Inside our system you will be able to start out on the right foot and give your new business every financial advantage. Simply enroll to get started.
Have an Existing Business... Even if you've been in business for 10 years you may not have a business credit profile! Whether you do or not, our system will instantly show you the current status of your business credit profile and then quickly walk you through the next steps to either establish, optimize or fix it.
Buying a Business or Franchise... If you are buying a business you should first form a new entity for the purchase. Legal formations partner can help! Then you'll want the new business to have strong business credit scores so that once your sale closes, you are ready to jump right in.
Build strong business credit scores the fastest possible way with all three agencies and make thousands of dollars in credit available to your business!
For lenders to approve you there are 20 compliance items that need to be completed first. Your business must have completed all 20 compliance items before lenders can approve your business financing request.
Lenders want your business to have open files and good scores with all 3 national reporting agencies. Your business must have a file open with all three national business credit agencies; Experian Smart Business Reports, Equifax Small Business Financial Exchange and Dun & Bradstreet. We get them set-up fast.
Your business must have 5 vendor lines of credit that report credit history. There are over 500,000 vendors extending credit, but only 6,000 that report to the business credit agencies. You can obtain thousands of dollars in vendor credit lines, not based on your personal credit.
Your business must have 3 business credit cards that report. There are over 500 business credit cards, but only 40 will issue a card without using your social security #. You can get approved for thousands of dollars in business credit cards that do not appear on personal credit reports.
Once you have built strong business credit scores you can access much more financing. We show how to get approved for your first business bank loan. A reporting bank loan puts your business "on the map" as far as every other business lender is concerned. Then hundreds of thousands in business finance and lending starts to become available: vehicle financing, equipment leases, and true business loans and lines of credit.