How To Build Business Credit With EIN

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How to build business credit with e i n. Are  you ready to get funding for your business   without using your social security number? Well,  you've come to the right place, you literally can   build business credit, get business funding, get  business, credit cards, loans, lines of credit and   so much more without using your social security  number or your personal credit. In this video,   I'm going to share with you all of the secrets  on how to get that done so that you can start   right now. Let's go. In this video, I'm going  to share with you an easy step by step process on how to build business credit using your EIN or  your employer identification number, I'm going to   share with you the secrets behind an EIN and what  you can do so that you can get even more funding.   And last but not least, I'm going to share with  you a big secret that I learned about ein that has   helped so many people back from getting approved,  you have probably already heard that you can   build business credit and get business funding  using an EIN and this is absolutely true. This   is not a new phenomenon. It's just that most  people never knew how to do it. I am here to   share the secrets because I was able to do this  after having a business nearly five or six years   before I ever was able to build business credit.  I feel like I lost out on so much opportunity for   funding. And I'm helping people do that right  now. Most people want to build business credit   because they may have some issues with their  personal credit. Now if that is your case, please   call my friends at Creativecreditsolutions.net.  Literally, I'm putting a link below. My friends at   Creative Credit Solutions are helping people fix  their personal credit, help them get the credit   scores that they need, and helping people get more  business credit by helping you fix your personal   credit. I will explain a little bit later how your  business credit is sometimes tied to your personal   credit, and share some ways with you that you can  fix this. But if you have bad personal credit,   you can take advantage of creative credit solution  because they will give you a free consultation,   just use the link below and tell them that no  well sent you, you do not have to be stopped by   bad personal credit. However, I'm going to share  with you some ways around that and my friends at   Creative credit solutions can really help you take  yourself to that next level. So the first thing   that we want to have when we are building business  credit is actually having an established business.   In order to get funding in your business's name,  you're literally going to need to have a real   business not just a business idea. Therefore  you're going to have to get an LLC or C Corp   or an S corp. And you're going to have to get  that registered with the Secretary of State,   this is going to be very important because pretty  much every lender is going to check to make sure   that you are actually an established business and  that your business is actually active with the   Secretary of State. So make sure that you have  that because that is very important. Step two,   you're going to of course, need an EIN. If you  clicked on this video, you probably know that   ein stands for employer identification number, and  you can get an EIN absolutely free just by going   to irs.gov. In fact, I know that so many people  have been paying for EIN, but you can get them   absolutely free. And I'm going to put a screenshot  right here to show you that you can go to irs.gov,   where to click and that you can get this for  free and it takes less than five minutes. This   is important because you literally can use your  business's EIN, almost like your social security   number to actually get funds in that name.  Literally, you can fill out applications and   instead of putting your social security number,  you will put your EIN I will explain that in just   a second. This will allow you to actually fund  loans and get business loans in your business's   name. Because your business is an actual entity,  you can also get funds and borrow money in your   own personal name. And this will allow you to  get double the amount of funding that other   people are able to get. Because you can borrow in  your social security number and in your EIN, you   actually can get double. The next few things that  you're going to need is a professional website,   a professional email and a professional phone  number. I strongly suggest if you're looking to   get lots of business funding that you do not use  your home address for your business. And you also   do not use your personal cell phone number. You  can buy a business phone number through places   like freedom voice or grasshopper and then have  those numbers transferred to your cell phone.   But you do want to actual business phone number  registered with a business directory that way you   can qualify for more business funding. Now let me  share a secret with you about EIN. As I mentioned   before your EIN works very similar to your social  security number. It's much like your business's   social security number. It is nine digits that's  attached to you and your business. However,   when you go to register for your EIN you will have  to attach a social security number. This is called   the response answerable party. Now, as I mentioned  previously, if you have good personal credit,   a lot of times you can get more business funding  because you can personally guarantee the different   business loans different credit cards different  lines of credit using your social security number,   but it will not report on your personal  credit report. However, your social security   number is tied to your EIN or someone's social  security number is tied to an EIN. Therefore,   even if you have bad credit, it's a good idea  to get your personal credit fixed. That way, you   can get more business funding no get approved for  higher amounts, there are definitely places that   will just look at your business's EIN, but I will  tell you that that process will take a little bit   longer. I'm going to explain the entire process in  just a second. But I want you to understand that   if you have good personal credit, you actually can  get more business funding. Therefore if you have   bad credit, reach out to my friends at Creative  credit solutions for that free consultation so   that they can help you fix your personal credit  and allow you to get even more business funding.   Once you have your EIN established and your  business is ready to go, you can apply for what   is called vendor credit. This will report to the  business credit reporting agency. When it comes   to personal credit. There are three bureaus  you have Equifax, TransUnion, and Experian.   They will report all of your personal credit  information if you apply for a Discover card   or car. This is the credit bureaus that they will  check. However, when it comes to business credit,   there are three separate business credit  reporting agencies. There's Experian business,   there's Equifax business, and there is Dun and  Bradstreet, Dun and Bradstreet is the number one   business reporting agency and it is the longest  standing and the biggest that most people use,   you can literally build a business credit profile  with Dun and Bradstreet without spending any   money. Now if you have good personal credit, you  literally can use your business credit and your   business funds to get even more funding. Just by  setting up a business credit profile through Dun   and Bradstreet, I have made an entire video  where I teach you how to set up your business   credit profile with Dun and Bradstreet so I'm  not going to get into it in this entire video,   but just know that you can do the entire thing  online and it only takes about a week or so to do   the entire process. Once you have your business  credit profile set up with Dun and Bradstreet,   you can apply for vendor credit and start  getting business credit trade lines. There   are three companies that I know of that report to  Dun and Bradstreet. In other words, three places   that you can get things from and it will report  on your business credit profile and help you   build business credit. Those three companies are  Uline Granger and Quill each of them will allow   you to put in your business's profile and put  in your EIN and this will be attached to the Dun   and Bradstreet account. And when you open those  accounts, it will report those trade lines to Dun   and Bradstreet, the business credit reporting  agency. So you for example, with Uline, you   can buy something for as little as 50 or $60. The  $50 is the minimum and they will offer you what's   called a net 30 invoice, meaning you do not have  to pay for it for 30 days. This is them allowing   you to get their products without you having to  pay for it and you getting a trade line on your   business credit report. You can do this with all  three of those vendor companies that I said Uline,   Quill and Granger and end up with three different  trade lines on your business credit report. It's   amazing. Once you have established vendor credit,  you then can get store credit cards in your   business's name using your EIN and then you can  start applying for cash credit cards. Like I said,   if you have good personal credit, you  can actually skip some of these steps   and start getting business credit cards just  by opening up a business checking account,   giving them that EIN and personally guaranteeing  it. If you have bad credit, you can follow the   steps that I said getting vendor credit than store  credit than cash credit cards. And that way you   can start building business credit without  using your social security number. Again,   you have two different options. Having good  personal credit and building business credit is   the perfect combination to get double the amount  of funding that you could for your business. Most   businesses fail because they don't have enough  funding in order to keep their businesses going.   And most people that get funding are not sure  what to do with it. Reach out to my friends at   Creativecreditsolutions.net using the link below  and tell them that no well sent you so that they   can help you fix your personal credit and help  you establish business credit if that's what   you so desire. My friends at Creative Credit  Solutions have helped me fix my credit and I'm   positive that they can help you too. So take  advantage of this free call. Call my friends   at Creative Credit Solutions today and get your  free consultation so that they can help you with   your next best move because I 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.
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Channel: Noelle Randall
Views: 28,746
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Keywords: How To Build Business Credit With EIN, business credit, ein, how to build business credit, noelle randall, building business credit, business credit quick, business credit hacks, how to get business credit, noelle randall business credit, build business credit with bad personal credit, how to build business credit in 10 days, credit, business line of credit, small business, small business loans, get business credit, build business credit with ein, business credit score
Id: sTDl8zXyRGM
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Length: 10min 9sec (609 seconds)
Published: Thu Apr 18 2024
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