Frequently Asked Questions & Answers for Business Credit
Pre-qualify for various types of funding for your business
How long does the business credit building process take?
You will receive a username and password via email to use when accessing your business credit building system.
It takes approximately 60-180 days to build a favorable profile with all three major business credit reporting agencies. With our step-by-step system what normally takes years to accomplish you can do in a matter of months. With strong business credit scores, you can obtain 10 to 100 time’s greater credit capacity compared to relying on personal credit alone.
What type of vendors and retail credit sources will be available once I have access?
Our database contains numerous vendors and retailers that will offer lines or credit to all our members whether they are a start-up or existing business. Most importantly we provide the guidelines for getting approved and disclose which business credit reporting agency each vendor and retailer reports to.
Some of the types of vendors we list are office suppliers, packaging and shipping, graphic and logo design, web design, computers and electronics, printing and promotional, marketing and advertising, business services, etc.
Can I obtain business credit without supplying a personal guarantee?
Yes, our database lists unsecured lines of credit you can obtain with no personal guarantor which in most cases will be in the form of vendor credit such as fleet cards, office supply cards, gas cards, etc.
Unsecured business cash lines of credit in the form of business credit cards require a personal guarantor but the high limit cards we issue only report to the business credit agencies.
How much unsecured business cash lines of credit can I obtain?
As a member, you can access cash for your business through our unsecured “bundle” of business credit lines with combined credit limits as high as $150k. These high limit business credit cards carry the Visa® and MasterCard® logo with 0% introductory APRs for twelve months and only report to the business credit agencies.
Do I need a business entity to build business credit?
It is ideal to build business credit with an LLC or Corporation (S or C Corp). Creditors, lenders, trade suppliers, etc. prefer to see an actual business entity.
Furthermore, your personal and business credit can never truly be separated if you operate as a sole proprietorship or partnership – everything you do remains “personal” with those structures.
True personal and business credit separation along with liability protection can only occur with a separate legal entity such as a corporation or LLC.
Can I get business credit even if I have bad personal credit?
Absolutely! We know that one of the main reasons you are building business credit is to get away from having all of the business financing tied personally to you as a business owner.
By building strong business credit scores you will be able to secure vendor lines of credit and many other types of business financing using only your business credit. However, beyond that, there is still more to the equation that many business credit building services don’t want to talk about.
In the business world, an owner’s personal credit scores can make the difference. That is why we have a personal financial solutions service built right within the program. The fact is in the current lending and credit markets, banks and conventional business lenders are looking at both personal and business credit.