How To Get Business Funding With Bad Credit

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How to get business funding with bad credit. Do  you have really bad credit but you still need   business funds? Well, Noelle Randall started the  exact same way. I started with terrible credit,   no money, no job and today I am a self made  multimillionaire, you really can build business   credit, even with bad personal credit. And in  this video, I'm going to share with you exactly   how to get that done. Let's go. Did you know that  you actually can build business credit and create an entire profile outside of your personal credit  entity? Yes, you actually have an entire personal   credit profile, which you may not have even ever  checked or know what your score is. Let me quickly   explain. When it comes to business credit, it is  separate from personal credit. personal credit   takes into account three bureaus, you have  Equifax, Experian, and Transunion, they will   look at all of your different trade lines. For  example, if you have a car loan or student loan,   or personal credit card, all of those things will  report on to your personal credit report. And you   may already know that you have a bad personal  credit report score, meaning you haven't paid   some of the trade lines on time. Or maybe you pay  things late. Or maybe you didn't pay them at all,   and you actually even have some collections. Well,  there is an entirely new way for you can create a   new profile using a business entity and create  a business credit profile and then get business   funding in that business's profiles name. Let  me explain. In the world of business credit, you   have three bureaus just like personal credit, you  have Equifax business, Experian business, and you   have Dun and Bradstreet, Dun and Bradstreet is the  number one business credit reporting agency. And   they will compile all of the different businesses  trade lines and give you a credit report and a   credit score. Very similar but different than your  personal credit report score. So if for example,   you have a low personal credit score, like maybe  less than 580, well, you literally can forget   about that and build a business credit report and  start getting funding in your business's name.   But let me give you a quick warning. If you have  bad personal credit, it is actually easier to fix   your personal credit and get business credit and  you actually can borrow in both entities you can   borrow in your personal name, and you can borrow  in your business's name, you can fix your credit   with my friends at Creative credit solutions.net  Use the link below and tell them that Noelle   Randall sent you, you can actually fix your  personal credit, and then get even more business   funding. If you do this. My friends at Creative  credit solutions helped me fix my personal credit.   And they probably can help you too. They can help  you get things deleted, they can help you get   inaccuracies removed from your credit report. If  there's errors that are reporting, they can help   you consolidate, get extra trade line creative  credit solutions can give you legal and ethical   ways to repair your credit. They're not just  credit repair, they are credit restoration.   So if you have bad credit, I strongly suggest  you give my friends a call at Creative credit   solutions. Absolutely free use the link below  they'll give you a free consultation. And again,   you may end up with good personal credit and good  business credit so that you can get double the   amount of funding that you normally would get.  If you keep your bad personal credit. Again, let   them know that no well Randall sent you for your  free consultation. Now let me get into how you   will do this if you had to keep your bad personal  credit. So if you have bad personal credit and you   want to build business credit, the first thing  that you're going to need is an actual business   because Dun and Bradstreet and all of the business  credit reporting agencies report to businesses,   you will need to actually establish the business  entity. So you will need to get the business   registered with the Secretary of State, you will  have to get either an LLC which stands for limited   liability company. Or you can get a corporation  an S corp or a C Corp. You can even build business   credit with a nonprofit, but I'm just talking  about for profit business. In this video. I   have a separate video completely for nonprofits if  you want to watch that video. Now the next thing   that you will need is an EIN which stands for  employer identification number. This is absolutely   free to get you just go to irs.gov Here's a quick  screenshot to show you exactly where to go. Again,   this is absolutely free. You don't have to pay  anyone to get your EIN for you. The next thing   that you're going to need for your business  if you really want to get a lot of business   funding and really build your business credit  fast is an address, not just your home address,   but actually a business address. So if you can get  a virtual office through region score Opus. Or if   you can rent a small space, that will actually  increase the amount of funds that you can get   in your business's name, because you are not using  your home address. Now you can get business credit   and business funding using your home address.  However, to unlock millions of dollars in business   funding and things of that nature, it is best to  use a professional office address for a business,   not the home address. The next thing that you  will need is a professional website. So again,   you'll buy a domain, you can go to places like  GoDaddy or SquareSpace used to be Google domains,   and buy a very inexpensive domain and have a  website made. You can use people like Fiverr,   or people on Upwork. To help you build a website  really quickly. However, it is very important that   you actually have a business website, because this  is one of the things that builds credibility. So   when lenders are looking to lend you money, they  want to make sure that they can find you on the   internet because it is what it is. In this day  and age you need to be found on the internet,   so you'll need a website. And last but not least,  you're going to need a professional phone number   and a professional email. Again, you can use your  cell phone number as your business's phone number,   however, that is not recommended. It will be  recommended if you got a professional business   phone number from like grasshopper or freedom  voice. Now again, I actually have an amazing gift   for you go to noellesfreegift.com. And I had this  entire list of what I'm saying on a download just   for you. And you can have that where it summarizes  what I'm saying. And you can get this absolutely   free at Noellesfreegift.com or click the link in  the description box to get this checklist. When   I'm talking about the business phone number,  it's important that you have another number   that's not your cell phone number, because you  can get lit get that phone number listed in the   business's phone directory. If you use your  cell phone number, obviously that won't be   however, here's the easy little trick. If you  get a phone number from like grasshopper or   freedom voice like I am suggesting, you can then  just transfer that number to your cell phone so   that whenever someone calls your business line,  your cell phone still rings and you can have that   professional phone number. And of course, the  last thing was the professional email that is   very easy when you got the website made and you  bought the domain just by the email that goes   with it. For example, if your website and your  domain name is ABCproperties.com you would get   your name at ABCproperties.com instead of using  a Gmail or a Yahoo address and things like that,   if you have a professional phone number, a  professional email professional website, this   will be the easiest way for you to build business  credit, even with bad personal credit now that   you have the business all set up it is straight  to the finish line. You can just go to Dun and   Bradstreet and literally claim your business. In  many cases once your business is registered with   the Secretary of State, your business may already  be found in Dun and Bradstreet, you go to dnb.com   and you'll search your business. If it's already  there, you'll claim that business they will mail   you a code in the mail, you will go back into the  system with that code once they mail it to you   and you will claim your business and you will be  all validated. If you go into Dun and Bradstreet   website and your business is not in there, then  you will go ahead and add your business then they   will follow that same process of sending you  a code and then you claim and validate your   business. This is how you want to do it before you  actually start getting any trade lines added. So   before you start buying things or getting funding  for your business, you want to make sure that you   have an active Dun and Bradstreet profile so that  any money that you borrow any invoices that you   get actually report to Dun and Bradstreet and  you are effectively building business credit.   Now that you have your business profile set up  with Dun and Bradstreet, it's one easy street,   you can just start adding trade lines, there are  literally companies like Uline, Quill, and Granger   that you can borrow and do net 30 net 60 invoices,  and they will actually report those invoices those   trade lines to Dun and Bradstreet so that you  have business credit built. Once you do those   vendor credit, then you will move to store credit  cards like Walmart, and Costco and things like   that. And then you can actually get cash credit  cards like Chase Bank and Bank of America. Now   let me tell you a really big secret on how you can  start getting business funding. Even if you have a   new LLC. Here's a bonus secret. If you want to get  business credit and you have good personal credit,   you literally can get a business checking account  and in many cases that bank will give you a   business credit card right on the spot. There are  banks like Bank of America, Chase, Wells Fargo   where they will loan a new business up to $50,000  when you open up a business checking account The   only caveat is you have to personally guarantee  these business credit cards, so you do have   to have good personal credit. Now, if you have  bad credit, remember you can call my friends at   Creative credit solutions.net The link is below,  and they can help you get a much better credit   score. They have helped so many people get great  credit. And then once you have great personal   credit, you literally can walk into a bank and get  up to $50,000 with no income verification for many   of the major banks. Again, if you have bad credit,  you can use the steps that I outlined in this   video. If you have bad credit to you can also get  your credit fixed by using my friends at Creative   credit solutions.net There are so many different  ways for you to be successful and I want to make   sure that you get them 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.
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Channel: Noelle Randall
Views: 5,012
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Keywords: How To Get Business Funding With Bad Credit, business funding, business loans no credit check, business loans, small business loans, business line of credit, sba, loan, sba loans, business grants, best business loans, sba startup loans, how to get funding for your online business, startup, business loans for new business, business loan, small business grants, line of credit, sba loan, small business, small business loan, small business funding, business loans for small business
Id: 1wTim31cUr0
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Length: 10min 56sec (656 seconds)
Published: Wed May 08 2024
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