How to get a business credit card for a startup? Are you a new business and you're
ready for some business credit cards? Are you fed up with trying to use your own
credit cards and your own personal savings to fund your business? Well, it is time for you to
get those business credit cards. I'm going to show you exactly how to do it so you don't get
denied and you only get approved. Let's go. I'm going to tell you exactly how to
get approved for business credit cards even if you're a startup so that you don't waste
any time applying with the wrong companies. I'm going to share with you my biggest insider
secrets on which companies are actually lending to startups and what to say so that you get approved.
And if you stay to the end, I'm going to share with you my super-secret blueprint on how to fast
track your business credit right now. So, when it comes to getting funding, there's 2 types of
credit reports we already know. You have personal credit which will look at what your personal
credit score is. There's 3 bureaus --Equifax, Transunion and Experian. And the thing with
personal credit is they're going to be looking at what your debt ratio is. They'll take all of your
trade lines. For example, if you have an auto loan or mortgage or personal credit cards or even
student loans. Those will all be reported on your personal credit report. And they will give you a
FICO score based on what those scores represent. In the personal credit world, it's very important
to make sure that you don't utilize a lot of your credit. They want you to have credit but they
really don't reward you for using too much of it. You don't want to have for example credit cards
and the limit on the credit card is 10,000 and you used $8,000 of that credit line. That
is going to lower your credit score because of the debt utilization. But in the business
credit card world, things are much different. In business credit, there's 3 bureaus as well.
No Transunion. There's Dun and Bradstreet, Equifax business and Experian business. But the
beauty of business credit it is totally different from personal credit. Instead of looking at what
your debt ratio is and how well you've used your credit cards in relationship to the limit, they
instead look at how well you manage your debt. Because you are being scored against all other
businesses, you're even scored against big businesses like Apple and Microsoft and GE. So,
if you have a credit card on your business credit report for example and the limit is 10,000 and
you've used 10,000 of it, they don't necessarily lower your credit score the way that they would
on the personal credit side. Additionally, all of the credit cards that you get in your
business's name on your business's credit report will not report on your personal credit score.
That's going to be awesome because businesses use credit much differently than consumers use
credit and you are rewarded in the business credit world for how well you pay your debts, not
necessarily what your debt to income ratio is. So, now that you understand business credit...
And again, I made an entire video about it. Make sure you chat below and ask me any
questions that you have about business credit. I read all of the comments and I want to make sure
that I'm helping you with this. Even as a startup, you can get business credit cards and I want to
make sure that I'm helping you along the way. So, there are many benefits of starting a
business. If you are a startup, you want to go ahead and make sure you literally start the
business. Go ahead and start the business because there's so many benefits of having your own real
business. You'll be able to create your own hours, you'll be able to work from anywhere in many cases
depending on what type of business you start, and you will get to be your own boss. I know that
I used to be a working person. In fact, I used to work for many many years. I'm a real estate
entrepreneur, a mentor, and a mom of five. But I used to be a mom of 3 and had to work and go pick
my kids up from daycare and work overtime and do all of these things that I hated to do in order to
pay my bills. But as a real estate entrepreneur, I'm able to create my own schedule, make my
own hours and I create how much money I make. I literally make way more than I ever did working
for anyone else because I give my business all of me. And you can do the same thing with your
business. You start the business set it up and you work only in your business. And you give your
business all of your time, all of your energy, and all of the effort instead of giving it to
someone else's business. It's an awesome thing. So, let's talk about how you will set up your
business quickly because this is very important. Even if you are a startup, you need to set up
your business. You need to go ahead and name your business. You want to make sure you go ahead
and you register your business with the secretary of state. Yes, go ahead and get an LLC, an S corp,
or a C corp. It's very important that you do this because that will make your business legitimate
and people will be able to find your business and see that you've invested in your business.
Again, even if you're a startup, spend a couple of hundred dollars that it takes to go ahead
and register that business with the secretary of state. You can do this quickly. I literally
have students that are able to set up their entire business in just one day. It all depends on
what state you live in. Many states allow you to do the whole process online. The next thing that
you want to do is get a professional phone number, a professional email, and a professional
website. Once you've done these things, you will have a legitimate business and you can
start to get funding for your business quickly. Next, you want to also make sure you get an
EIN number for your business. Once you have the business registered with the state and the
EIN which you can get for free from irs.gov, you can take those documents straight to your
bank and you can get a business checking account. Getting a business checking account is going
to unlock so much money for your business. Especially if you make regular deposits
into your business checking account. Many people don't know this but if you have a
business checking account and you can show that you've been able to generate income in your
business, many companies will lend based on the deposits in only 3 months worth of bank
statements. So, go ahead get that business checking account and do it soon. Another thing
and so many people do not know this. Now, there is historically more money for businesses than ever
before. Many cases, you will go and you will set up your business checking account and you will
literally get offers for business credit cards and business lines of credit right on the spot. I
literally had one of my students get over $80,000 in business credit cards and a business line of
credit when they opened up their business checking account. Again, there's more money out there than
ever before especially for women-owned businesses, minority-owned business and even veteran-owned
business. And if you have good personal credit, this will speed up the process and they will
help fund your business even as a startup. Next, if you are looking for business credit
cards for your business, make sure you set up a PayPal business account and a Square business
account. Those companies lend to startups and they have lots of money to lend. Literally, PayPal
makes billions of dollars per year. And what they are doing is they are actually giving back to
small businesses every day. They have new loans out there for working capital and loans for your
business. You literally just need to set up your business account, have a real business, and show
some transactions. After 3 months, I'm literally seeing students get offers for at least $10,000 in
their business's name. Once you start doing this, you're really on your way. And last but not
least, I'm going to give you a bonus tip. This is new and hot off the presses. I'm going
to put a link below for a company called 5-star processing. Literally, you only need a credit
score of 300 and you need a business like I told you already set up with the business name,
EIN and things like that. And they will set up a merchant processing account for you and they
are lending to startups. I put a link below, go ahead and check them out. It's absolutely free
for you to check them out and they can get you set up and get you business funding right away. So
now you know exactly how to get a business credit card for your startup. Go ahead and check
out my link below. I have a free blueprint for fast track business credit. There's a link
below. It will show you exactly how to do it step by step already outlined for you. I want you
also to like this video, subscribe to my channel, make sure you click that little notification bell
so you do not miss any of this content that i am bringing to you for free, absolutely free with
all of the information, all of the resources, and all of the knowledge that you need to be
successful. This is Noelle. To your success.
