How to build business credit for a new LLC.
Did you know that there is more funding than ever before for new businesses, and there's
even businesses where a new LLC can get up to $50,000? Well, in this video, I'm going
to share with you all the secrets on how to build business credit, and in some cases,
how to do it without your social security number. Let's go. IN THIS video, I'm going to share with you a simple step
by step process on how to build business credit that reports the business credit bureau, I'll
also share with you an easy breakdown on how to get funding for your business without using your
social security number. And last but not least, I'm gonna give you my super secret trick on how
to get funded quickly. There's more funding than ever before for businesses and most businesses
fail because they don't have enough funding. I literally used to fund my own business with my
own personal credit cards using my own personal savings. And I literally ruined my own personal
credit score funding my business and running ads. Well once I learned about business credit, I was
able to take myself to the next level, and I was able to get more money in my business's name than
I was ever able to get in my own personal name. In fact, I used to have bad credit and my friend
Justin merch at Justin merge consultant. He helped me fix my personal credit and now he's an
expert in business credit. If you need any help, especially expert advice on getting business
credit and business funding, use the link below for Justin Merce consulting. He is an absolute
expert in this and his team will give you a free consultation on getting business credit and
helping you get business funding quickly. Now let's get into this. Because most businesses
are funded by the business owner meaning you will use your own personal savings and your own
personal credit cards you will be risking your own credit however, you can actually build a business
credit profile and you can do it really quickly. And this will help you save your own personal
credit and actually allow you to get credit in your business's name and in your personal name,
doubling the amount of funding that you can get if you were able to combine both of those funding
options for yourself. So let's talk about business credit. There are three business credit bureaus
you may have heard of personal credit bureaus like Experian, Equifax, and TransUnion and those
three credit bureaus will report all of the trade lines for your personal credit. So if you get
a credit card or if you get an auto loan, you already know you have a FICO score and that will
report on your personal credit report. However, there are business credit bureaus we have Equifax
business, Experian business and Dun and Bradstreet and Dun and Bradstreet is the number one business
credit reporting agency, you can literally build business credit and start adding trade lines to
your Dun and Bradstreet business credit profile, let me explain. So the first thing that you want
to make sure that you have is an actual business. In order to really build business credit, you will
need an actual business registration. So if we're talking about a new LLC, for example, you will
have to get registered with the Secretary of State make sure that your business is open and active.
And if you haven't paid your annual fee or paid for the annual report, make sure that you do that
and you will also want to make sure that you have an EIN and employer identification number which
you can get absolutely free directly@irs.gov I'm going to put a screenshot right here. Make sure
you get this because it is so important. The next thing that you're going to need is a professional
email, a professional website and a professional phone number. Doing this will make your business
a lot more fundable and you can actually get your business reported on the business credit reporting
agency, especially Dun and Bradstreet. Now let me tell you the next step. If you log into Dun and
Bradstreet website, which is simply d n b.com, you can actually search for your business if
you're already active as a new LLC and many cases when you search your business you will literally
find your business and all you have to do is claim that business you'll claim the business and then
they will send you in the mail a number so that you can validate that you are the business owner
and start getting tradelines on that business credit report. So once you go in you claim your
business and they mail you that card in the mail, you receive the card in the mail, then go back to
Dun and Bradstreet website, type in that number. And now your business is validated and you can
start building business credit let me tell you, there are lots of different ways to build
business credit but the easiest way if you don't want to use your social security number and
you just want to start building using that EIN and that Dun and Bradstreet number is to get vendor
credit. There are three companies that I know of that report directly to the business credit
reporting agencies and you will have trade lines on your business credit report in a matter of
weeks, not years. You can go to ULINE Granger and Quill and you can open up accounts with them
and this is called vendor credit. In other words, you will go in there and you will find something
that's a minimum of $50 you will purchase it and when you go to checkout, they will offer you a net
30 invoice meaning they will ship you those items and you can have the right then in there but you
do not have to pay that for them. In other words, they are extending you credit. And if you buy
something a minimum of $50 and you pay that net 30 invoice back one time, which is what I suggest,
then you will have three different trade lines reporting directly to your Dun and Bradstreet
credit report. This is absolutely amazing because once you have three trade lines reporting
on your Dun and Bradstreet credit report, then you can move on to store credit cards and
then cash credit cards. Additionally, I'm going to share with you a secret or how you can get even
more funding, especially if you have good personal credit. I'll get to that in just a second. So
once you have your vendor accounts reporting as trade lines on your business credit report, you
will then move on to store credit cards. In fact, I have an entire checklist that you can download
at no wells free gift.com That will outline for you some companies that will give you vendor
credit store credit and even cash credit cards. I will summarize some of them here, but go to
no wells free gift.com And get this checklist so it can help you out there are stores that will
give you business credit accounts like Walmart, staples, Dell, and things like that. Now, these
are store credit cards in your business's name. So unfortunately, you'll only be able to use
those credit cards at those stores. However, once you have the three vendor accounts, they
will then lend to you and you've paid them on time. They will then lend to you as store credit
cards and then you'll make sure you pay those and then you can move on to cash credit cards. cash
credit cards are cards that you can use in your business's name anywhere. For example, you can
have a Bank of America business credit card or Chase Bank business credit card or Wells Fargo
Business credit card, you can even get secured or unsecured business credit cards and you can use
those cash credit cards anywhere. I'm actually referring to unsecured credit cards because of
course, you've already established yourself as a business that repays because you have trade lines
on your Dun and Bradstreet credit report. Again, if you have any questions about this, use the link
below and reach out to my friends at Justin Merch Consulting. They will literally help you build
business credit and help you get business funding. And again that initial call that consultation is
absolutely free. So take advantage of it and let them know that no well Randall sent you now that
you have cash credit cards or if you're looking to get cash credit cards immediately. Here's a big
secret. You literally can go to different banks, especially if you have good personal credit.
And you can open up a business checking account, and they will offer you business credit cards,
business lines of credit and business loans. For example, Chase Bank, Bank of America, US
Bank, PNC and US Bank all have what they call stated income business loans, meaning you don't
actually have to show them your tax returns, or any of your business checking account statements
in order to get approved for these business credit cards. Literally, I have students that can get up
to $50,000. And they have been able to get them at all different banks. I've had students go to two
and three different banks and end up with $150,000 in business funding in their businesses name now
one of the things that I want you to know is that you should identify what it is that you're going
to do with this business funding so that you don't get yourself into any trouble. Again, if you have
questions or you need expert help reach out to my friends at Justin merch consulting, because they
are the experts and they can help you not only get that funding, they can help identify some of
the things that you should do with that funding so that you can maximize that money and actually
put yourself in a better situation. As a business owner, I know that getting business funding
is one of the most important things that you can do to make sure that you have all of the
funding that you need for your business. And to take your business to the next level. You can
use business funding for buying inventory, ads, marketing wardrobe, getting your car wrapped so
many other things. We absolutely love getting our cars wrapped because we are basically driving
around in a billboard, I'm going to show you a picture of some of our vehicles that we have
wrapped. And this is one of the things that we do with business credit and business funding to
take our business to the next level. And we're able to use business funding not only to get the
car but to also get the car wrap and we're able to get more customers in the process. So now that
you know some of these amazing things, if you need any help, please reach out to my friends at
Justin Merch Consulting. Let them know that Noel Randall sent you. Again. They can help you not
only build business credit, they can also help you get business funding. Again, I just want to make
sure that you have all of the resources, all of the tools and all of the knowledge that you need
to be successful. This is Noelle, to your success.
