I work with all kinds of entrepreneurs. Some are happy to sign on the dotted line to guarantee a loan. Many don’t mind using their home or assets as collateral for their business because they believe in themselves and they believe in their business.
But there are times and circumstances when someone is unwilling or unable to use your personal guarantee, your personal credit. Sometimes an entrepreneur is unable or unwilling to use his personal assets. So what can you do =
They can generate business credit, often without collateral and without your personal guarantee. Provided business owners find the right ‘business credit advisor’, it is very possible to establish business credit cards, lines of credit, loans and business terms with providers of all kinds. As I always say, when looking for these trainers make sure you pick the right one. There are good and bad.
These business credit counselors offer a step-by-step process that results in a solid foundation for business credit success. Steps are proven to help you get credit and financing for your business … sometimes it’s guaranteed!
Many have a systematic approach with highly predictable results to ensure their long-term success. Many companies offer a web-based back office that carefully tracks your progress and measures your results and helps you know exactly what you have accomplished, what you are currently working on, and what is to come.
There are multiple tiers – some offer guidance, others give you unlimited access to trained coaches throughout the program. Assists in preparing credit and loan applications and directs the application to the best lenders across the country.
A general list of offers includes:
1. Register your business with Dun and Bradstreet.
2. Obtain a DUNS number for your business.
3. Establish an appropriate DUNS rating for your business.
4. Enter your business in the banking system.
5. Provide you with a list of providers that depend on
the business credit bureaus.
6. Provide you with a list of providers who will award
credit without personal guarantee.
7. Provide you with a list of business credit cards.
to apply for.
8. Help you obtain a standard industry classification.
encoded.
9. Help you get a favorable Paydex score.
10. Help you earn a favorable Intelliscore.
11. Help you lay the foundation for construction.
commercial credit.
12. Provide you with bank contacts that will give you
commercial credit lines.
13. Setting up your business credit report Corporate Experian
14. Business credit counselors will also be your first deal.
account report to Corporate Experian.
