The ” How to Build Business Credit ” Solution
OK, It’s called Business Credit Mastery by ISG3 – The How to Build Business Credit Solution!
Have you been struggling to get financing for your small business? A Small Business Loan or Small Business Credit Cards?
Have you tried a myriad of internet business credit building offers that have not worked?
Have you paid a company for a business with lines of credit or internal funding that is turn-key and just got a shelf company without a Paydex Score?
If, YOU have said Yes, to any of the questions above or I need to really build my credit now … Then …
– You really need the easy to follow instructions within the Credit Mastery Book for Business Funding Solutions and Small Business Loan Funding. Our system is designed for someone unfamiliar with legal entities and credit building on a business or personal level. We have taken years of experience and combined it with our tested methods to produce an easy to use Self Directed / Do It Yourself system that works quickly on a shoestring budget. Plus we give you current information on methods that require a bit more of an investment using solid funding tools that can shorten your buildout time or increase the credit lines from the first month onward.
We keep current on the business credit building industry and are constantly working on new solutions for startups and existing companies to gain the scoring required for useable funding. Many times we suggest using several of our funding methods in concert.
You will learn from the start what states are the most favorable to build credit in (from our point of view), what legal entity you will want to select from that is ideal for your particular application.
This book also contains a month by month schedule for building credit and what mistakes to avoid during each period. This is for 7 months for most users that are on a tight budget.
Yes, This is a self directed format for building business credit and we understand that most of you reading this page want $100,000, $250,000, $500,00, $1,000,000 to $50,000,000 in business funding today! We can’t promise you that, however we can assure you the ability to getting vendor funding immediately along with credit cards in a very short period.
You also maybe like thousands of our clients who don’t have the resources, the past financial or personal credit history to get the funding you want! This is where our business credit books will absolutely amaze you with methods to increase your banking potential as soon as you start. It is key to becoming a center of influence within your bank and we do show you a sure and fast method to get positive attention from the loan officers to the bank or credit unions VP’s. Using this method the bankers will still need a bankable deal, but they will make concessions to keep your business.
Many have risked their future with a payday loan or title loan that they can never payoff and many times get a late payment or charge off on their credit reports.
Is The Future for Obtaining Business Loans Still Possible With the Current Economy and Lending Trends?
Yes, it is possible to obtain business loans with the post mortgage industry debacle. There will always be the demand for capital and sources of funds, however the stipulations by the lenders are getting tougher. Keep in mind however, that the banks can not survive on ATM and overdraft fees (even though they will try). Banks survive on Long Term, Low Risk Loans and Mortgages! Notice LOW RISK! Now more than ever, but there is a solution to organizing your business to demonstrate low risk by using a few easy and low cost methods. Yes, every business can benefit from having a well rounded and strategically developed business credit profile. This really has become a science in the past few years due to the information age and the ability of the internet to access databases and records in milliseconds. You just cant show a business registered at your home residence and expect to get $100,000 in credit lines … unless you use the property and give a personal guarantee!
The 2016 Edition of the Credit Mastery has been expanded over the Credit Mastery 2014-15 Editions in the addition of a personal credit area along with new instructions for personal credit and funding. We have included a more expansive list of creditors (credit issuers) and the credit reporting agencies that they pull from along with actual data from our clients on the exact details of credit applications regarding the actual amount a lender issued on what credit score and the credit reporting agency(cies) they used for their decision. Also included is a new list of credit unions that are easy to get funding with. Some readers feel there is a fair of amount of repetition of information and yes they are correct and the reasoning behind this is to make sure you do not make the mistakes that cause failures in building business credit.
We dedicate this edition to all those endeavoring to build their business. We hope this manual exceeds your expectations and helps grow your business into the next global giant if you so wish!
At ISG3, we are committed to giving you the tools, tips and best practices for growing your small or midsize business. Our team of experts compiled this manual from our years of business consulting and coaching various business and equally diverse owners into an easy to use format for success.
Credit Mastery Table of Contents –
Please enjoy this preview and capsulated description from each chapter to make a wise purchasing decision.
Business Section : Getting Started 1
Credit Mastery is what it takes for most people to build the life they desire! So the Solution is to Build Both Personal and Business Credit!
First is Creating the Structure for building your business credit fast.
– Establishing Key Components that validate your business for funding. Then we move you into the actual process to where you are building business credit.
– Registration for reporting with all business credit agencies; Dun & Bradstreet and Experian Business.
– Five key vendor lines of credit that report to the agencies.
– Three business credit cards that report to the agencies.
– High dollar trade lines of credit that report to the agencies for pennies on the dollar.
– Your first business bank loan that reports to the business credit agencies.
Then go in for the $50,000 Plus Business Lines of Credit and Hard Money Loans! ….. buy the book and read more in the Business Credit section
Legal Entities 12
Let’s examine the types of legal entities that are available for use as a business and the pros and cons associated with your. Once you decide which one is best for your situation we will begin the process of acquisition or conversion from one type to another. Use the LLC or C-Corporation Business Start-up Workbook and Guide for your entity you own to keep your monthly company records legal. Sole Proprietorship: The simplest form of business in which a sole owner and his business are not legally distinct entities; LLC Limited Liability Company or C Corporation would be a preferred entity for limiting personal liabilities; LLC’s and Charging Order Protected Entity’s and more on every type of legal entity for business use ….. buy the book and read more in the Business Credit section
Nevada Companies 20
We cover all the facts about Nevada legal entities with their positive and negative attributes: No Corporate Income Tax, No Taxes on Corporate Shares, No Franchise Tax, No Personal Income Tax, Nominal Annual Fees? No Franchise Tax on Income, No Inheritance or Gift Tax, No Unitary Tax, No Estate Tax, Competitive Sales and Property Tax Rates, Minimal Employer Payroll Tax – 0.7% of gross wages with deductions for employer paid health insurance.
Nominee Shareholders and Nominee Officers allowed! The use of Bearer Share’s explored.
Nevada’s Business Court is based on Delaware Business Court! Nevada corporations may purchase, hold, sell or transfer shares of its own stock. Nevada corporations may issue stock for capital, services, personal property, or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final.
Why their really is no privacy using a Nevada Company unless using nominee services! Nevada Title 7 exposure …. buy the book and read more in the Business Credit section
Wyoming Companies 33
Wyoming ranks #1 for the most favorable taxation by The Tax Foundation who ranks the taxation of states on 113 factors. Those factors are divided into five basic categories of: corporate tax, individual income tax, sales tax, unemployment tax, and property tax.
Wyoming businesses are not solely subject to state taxes and thereby must abide by federal, state, and local regulations, file and report income to federal and state taxing authorities and report other financial and non-financial information to agencies at all levels of government.
Who pays taxes in Wyoming? Wyoming’s largest source of revenue is from taxes collected from mining along with tourism and are the only two high taxation industries in the state. This means citizens and businesses have one of the lowest tax burdens in the country. As per the Wyoming Taxpayers Association; Wyoming’s personal tax burden is the second lowest in the nation with Wyoming’s state personal taxes are about 4 percent annually.
Wyoming LLC’s are the Best as Wyoming is a COPES state! (in our humble opinion) …. buy the book and read more in the Business Credit section
New Mexico Companies 38
The reason for including New Mexico in our companies list is that this state has not had the volume of business registrations of other states like Delaware or Nevada, therefore it has less credit failures and associated business failure addresses. Find out all the reasons to use New Mexico to base your business credit from …. buy the book and read more in the Business Credit section
Colorado Companies 43
The Colorado Advantage: The First Advantage is that Colorado Corporations / LLC’s can keep within the Articles and Bylaws the ownership of stock shares / members along with the names of corporate officers /directors. This creates a certain level of privacy as this information does not have to be recorded at the state level. The only requirement is that a Colorado corporation must have a registered agent and that agent can be the corporation itself with a physical Colorado address.
Second Advantage: Online Filings and Changes for a minimal fee and done instantly – No Expedited Services like Nevada charging $1,000 for limited changes in an hour.
Third Advantage: Colorado is ranked usually in the top ten for places to do business and live. The state also has many resources for business development and expansion.
Disadvantage: Property purchases within the state can be taxable and all other interstate transactions are taxable. This applies to aircraft purchases also. So domicile your primary holding company here and your sales division in a tax friendly state of Wyoming! …. buy the book and read more in the Business Credit section
Montana Companies 56
The reason for including Montana in our companies list is that this state has not had the volume of business registrations of other states like Delaware or Nevada, therefore it has less credit failures and associated business failure addresses. With states that have high density filings may limit in many cases establishing high credit lines you desire. …. buy the book and read more in the Business Credit section
Hawaii Companies 61
The reason for including Hawaii in our companies list is that this state has not had the volume of business registrations of other states like Delaware or Nevada, therefore it has less credit failures and associated business failure addresses. Keep in mind Hawaii is very inexpensive to incorporate within, yet this is offset with high taxation. …. buy the book and read more in the Business Credit section
Business Plans and Development 64
Why Write a Business Plan? The preparation of a well thought-out business plan should be one of the primary goals of any and every business, existing or start-up. The formal business plan process may seem intimidating, but it is actually quite straightforward. Why should I write multiple business plans? Here are five good reasons why you should write a business plan… How to write a business plan that meets banking criteria for higher approval rates. How to write a fundable executive summary. It sets out the essential facts about your business — who owns it, what it does, why it exists and where it’s going. Think of it as your elevator pitch. Everything you’d want to tell a potential investor, partner, employee or customer should be here. …. buy the book and read more in the Business Credit section
The Credit Building Plan Overview 80
First is Preparing Your Business Structure from the very first pages n this book. To make sure your business is properly setup to begin the initial Business Credit Development. First and Foremost is to decide on the type of legal entity you will be building business credit on, Next …. buy the book and read more in the Business Credit section
The Credit Building System 86
Our presentation of this material is based upon the understanding that you are building business credit for the right reasons and used for the specific purpose that is designated in your business planning and operating a legal business. Make sure all your debts are planned so you can service your debt! After Enron and Bernie Made-Off corporate officers are held responsible for taxes and debt if the company is not run properly. We will start the initial business credit building from $0 for a Start-up or an existing business. Make certain you have the following for your company: …. buy the book and read more in the Business Credit section
Golden Rules for Business Credit Building 91
Do You Know and Follow The Golden Rule of Business? Credit is Golden! In Business – Those with the Gold Make the Rules! Gold (Credit) Gives Timing + Options = Power
Rule # 1 : Follow All Steps Completely in Order and Without Alteration! …. buy the book and read more in the Business Credit section
Credit Reporting and the Agencies 92
Fact: Dunn & Bradstreet™ Controls the Majority of the Business Credit Reporting Market in the USA and Experian Business™ to a lesser extent.
Fact: We Can Influence Our Report with Strategic Planning to Meet our Goals
Fact: We must follow D&B’s Rules … Plus a few of Our Own!
Dunn and Bradstreet™ – Paydex, Rating & Score: So What is the D&B Paydex™ Score and How Do I Get a High Score? What is the D&B Composite Score? Scoring with Experian Business and Equifax Business …. buy the book and read more in the Business Credit section
CREDIT VENDORS AND LENDERS and Reporting Agencies They Use 94
CREDIT VENDORS AND LENDERS and Reporting Agencies They Use is presented in a great alphabetical listing. Match individual credit scores to lenders for higher approval rates!
ALLY FINANCIAL BUSINESS CREDIT CARD – TRANSUNION
AMERICAN EXPRESS – EXPERIAN
AMERICAN HONDA – EQUIFAX
AT&T BUSINESS – EQUIFAX
BANK OF AMERICA – EXPERIAN – TRANSUNION – ChexSystems …. buy the book and see all the credit vendors lists in the Business Credit section
Credit Submission and Usage by the Month 96
Building Business Credit using our month by month schedule with insider tips to achieve maximum results in the shortest time frame. Credit Building Core Accounts for your Company: The first phase of business credit building is the basic core accounts that are net 30 day payment accounts. These accounts are the basic core for creating any business credit profile(s). These validate your payment history for other credit issuers that you will be applying for in the future.
If you have an existing profile make sure you have these accounts reporting on your company’s profile: …. buy the book and read more in the Business Credit section
If Your Business Loan is Not Funded 108
Then it is time to use our arsenal of Advanced Business Credit Tactics for example the leased CD (Certificate of Deposit) strategy. These can be arranged as a non-liened non-encumbered deposit. This is the most least expensive way to go. The bank cant use these funds as a guarantee in this case, however the bank will get a multiplier from the Federal Reserve for these deposits that can offset some of the lending risk. Next you can …. buy the book and read more in the Business Credit section
Leasing Certificate of Deposit Strategy for over $1 Million 111
Leasing a CD is fairly simple process where you can simply place fees in escrow and released as per agreement. The CD’s are also available and we have placed these several times at banks and credit unions to show financial strength of you the Client. This is used when the bank will do a loan if they had the extra funds. So you are in essence providing your loan funds by leasing a bank instrument on an annual basis. This is done at a far lower cost and for amounts as low as $500,000 to $50M USD. ISG3 Certificate of Deposit Fees historically range from 4.5% to 7.5% and a financing option is available. …. buy the book and read more in the Business Credit section
SBA Loans 112
SBA LOANS – BRING A BANKABLE BUSINESS PLAN! – Without this they will not help you obtain any type of loan. Small businesses are the foundation and driving force behind our country’s entrepreneurial spirit. The Small Business Administration (SBA) can help you start or expand your business if you meet their qualifications. Yes these take more time, however the …. buy the book and read more in the Business Credit section
Resource Section – Lenders 116
Find and match lenders for your funding needs in a great alphabetical listing …. buy the book and get over 300 lenders information in the Business Credit section
Secretary of State Listings 183
Secretary of State listing can expedite your business filing requirements so we included the list of all USA states …. buy the book and read more in the Business Credit section
Banking Resolutions 185
Resolution to Authorize Sale/Leaseback transaction
Resolution to Authorize Borrowing on a Line of Credit
Resolution to Obtain Corporate Credit Card …. buy the book and read more in the Business Credit section
Click Here for the Table Contents for the Credit Mastery for the Personal Section
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Credit Mastery is a Series of Funding Books
First is to get started using the Credit Mastery Business Credit – Personal Credit book that was just recently published (2/2015). Next you will need to read it from cover to cover and then simply follow the month by month instructions to start building business credit each and every month. Once you have used this book to build your financial foundation you can expand into the Advanced Funding Tools when seeking over $500,000 or the Real Estate companion book.
Credit Mastery Journals are available for record keeping for your corporation or LLC. These are specifically designed for credit and business growth tracking and development.