The Funding Blueprint For Your Business
All entrepreneurs should be able to obtain capital along with knowing exactly how to get approved before applying.
Business Owners should be able to access ALL funding options in one place and have access to the same business credit-building blueprint that large companies use.
Getting Money for Your Business is a challenge for many business owners.
-Per the Bureau of Labor and Statistics, more than half of businesses will fail in 5 years or less.
-82% of business failures are due to issues with cash flow. (U.S. Bank Study)?
-90% of business owners agree that the availability of loans is a problem. (Small Business Majority)
One can succeed in getting money by setting up your business where it’s fundable by meeting lender approval criteria BEFORE you apply. You can get business credit for your EIN that’s not linked to your SSN to become more lendable. Capital is available IF you know where to look.
Improving your fundability is critical.
Have you ever applied for a credit card and gotten AUTOMATED and instant approval? Lenders and credit issuers have a secret, unpublished set of standards that you MUST meet to get approved. How fundable your business is will determine whether you get automated approvals, or get denied.
Make sure to set up your business where it’s fundable!
Some Fundability factors include:
-The type of entity you have.
-The type of phone number you use and if your phone number is listed in certain directories.
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-The type of address you use for your business.
-The types of licensing you may have.
-The congruency of your records.
-The types of references you have.
-Whether your bank account is set up.
-The way your website and email are set up.
Even the slightest change to one fundability standard can turn a denial into an approval!
When you get a home mortgage, car loan, or personal credit card, do you think lenders and credit issuers pull your credit? When your business applies for money your business credit is being used to determine: If you’ll get approved, how much you may get approved for and the rates/terms you’ll pay.
Business Owners can get approved regardless of consumer credit quality. No personal guarantee is required and one can get business credit quickly because scores are based on payment history.
This is separate from the consumer reports and commercial Establishes your credibility for lenders, suppliers, and credit issuers.
ANY and all businesses can qualify for business credit Startups and Non-profits. This will work if you own multiple businesses as well. You can get approved even when you can’t get any type of loan or credit line. There are no cash flow requirements, no collateral required, and no consumer credit requirements.
As an entrepreneur, you should be able to get the money you need when you need it. Not knowing approval standards, not having business credit, and not being able to access ALL funding options in one place can be what is holding you back to achieve success.