Business Credit – Start Establishing Business Credit Yourself
There is an overload of internet based companies dominating good information about how you can establish business credit. Promises and guarantees of up to $500,000 in unsecured business credit lines are presented as if it were an easy task. Truth be told, actually three truths be told, they are correct and they can achieve these results for you easily.
The problem is, they charge on upwards of $2,500 just to enter their programs. And as they act on your behalf and gain more credit lines, you are charged a percentage of the total amount and your small business is responsible for paying off the piece of pie they take.
Can you imagine, the debt you’re creating before you get to utilize a single dollar? $500,000 in business credit lines can cost your business up to $100,000 in debt before you even get access to the funds.
I’m a firm believer in using other people’s money (OPM) to take risks with, but getting it and then giving it away is mind boggling to me. Earlier I mentioned three truths and I’ve only covered two.
Let’s put at serious end to that right now!
The third truth is that you can obtain the same results by yourself. Achieving business credit is not a difficult task. It’s an educated task. You just need to know what they know. It’s not impossible to obtain a $2,500 unsecured credit line in a little more than 30 days or a $50,000 credit line with bank of America in 90 days. These results of course very and it’s not dependent on how long you’ve been in business, where your business is at or what your business does.
A new, home or small business is “where the credit is at.” 60+% of the U.S. economy has been driven by small businesses. Our new administration and their initiative to kick start our economy are focusing on that fact.
Off topic, I strongly suggest you read the other articles here and take a few moments to watch the public announcements from President Obama and his action (currently underway) to put $13 billion dollars back into the 30,000+ small businesses by backing financial institutions in which our government is guaranteeing on our behalf.
In end let me say, you can achieve these credit lines without spending a single dollar with corporate companies capitalizing on your business credit efforts. I go into much further detail about this in other articles I’ve written and I encourage you to take a look at the information I’ve put together to get you into gaining these credit lines with very little effort and without personally guaranteeing anything.
If you are ready to establish business credit no matter if you’ve just started, are thinking about starting or you are working out of your home.
