You’ve probably heard about business credit and how you can use it to fund just about any business need. In fact, you can even use it to fund a business startup plan.
Things You Can Buy Using Business Credit
Buy a Laundromat
Start your AirBNB
Buy Rental Property
Start a Daycare
Buy a Vending Machine
Buy a car
The Level Up Your Business Course teaches you how to build business credit from scratch without using your personal credit. It also teaches you how. to leverage credit to build wealth. You can access the full course now for just $7. I believe in the course, so I’m offering it with no obligations. That means you can cancel anytime. Try it out today by clicking the image below!
“The thought of business credit was always very daunting for me and seemed unattainable for someone like myself just starting off. Wow, oh wow, was I wrong. This course is a must for your business.”
— Rachael Doucet
I just have to shout out EL Consulting for helping me to get started with establishing my business credit. She was able to break down a lot of theories that I had in the past and put me on the right track. She even offered me a link to set up one of my first Tier vendors. She made it super simple for me to establish what I needed to get started. Thanks, Ebby!
— Zoe Dominio Thomas
Cheers to creating the life you don’t need a vacation from!!!
For the month of September, I’m giving you free access to my Business Credit From Scratch MasterClass!
I’m offering this deal because I am passionate about helping you leverage business and personal credit to create a life you don’t need a vacation from.
I know you’ve heard talk about how it is easier now than ever to become the first millionaire in your family. I don’t know about you, but I want to give my children the headstart I wish I had. Remember, this is not about reinventing the wheel but simply utilizing the systems already in place to build wealth.
Have you ever wonder what the major differences between personal and business credit are? First, if you are not familiar with business Credit, be sure to visit the post The Secret to Business Credit for more info.
Here are the major differences between personal credit and business credit.
To learn more about how business credit works and how to build it from scratch, Join the Level Up your Business Membership today!
If you’ve ever wanted to build business credit, you’re reading the right article. You’re about to discover the simple 5-step method for the perfect paydex score, your business credit score.
And the good news is that this method works even if your personal credit is bad.
First, let’s uncover some misconceptions about business credit. Here is the truth.
You don’t need excellent personal credit. In fact, you can build business credit without touching your personal credit.
You don’t have to be in business for a certain length of time. You can start your business today and start building business credit as soon as the steps below are completed.
You don’t need to make revenue first. You’ve heard the saying, you need money to make money. There is no reason anyone should go broke building a business when you can utilize business credit.
All you need is a properly structured business model. Unsure if your business is properly structured, grab the free checklist HERE.
5 Simple Steps to Building the Perfect Business Credit Score
Step 1: Setup Your Business– You cannot start building business credit if you don’t have a legit business. You need to register your business with the secretary of state and get an EIN. If you already have these things, be sure the information is correct and up to date. Once you’ve completed this step, you can move on to the next step.
Step 2: Get a Duns and Bradstreet Number– This number is free. I know it may be tempting to start applying for credit once you have established your business, but doing so without your duns number will be working harder and not smarter. Your duns number can take anywhere from 24 hours to 30 days. So, once you receive your paperwork from step one, don’t delay this step.
Step 3: Create a Solid Internet Presence. Many people who are new to business credit don’t realize how crucial this step is. And that’s why many people who try to build business credit fail.
Step 4: Get 3 to 4 Tradelines– I have a list of easy approval tradelines you can start under the biz credit links HERE.
Step 5: Pay Your Tradelines Early- 10 to 15 days before the due date is a good habit. You want to ensure that you are using your tradelines as well.
And there you have it – a simple 5 -step method for getting the perfect business credit score. It takes 30-90 days to generate a paydex score. Now that you know how to get a paydex score, there’s just one thing left for you to do: take action!
Remember, you don’t have to figure it out on your own. I show you how to obtain 50k-100k in business credit funding without using personal credit in the Level Up Your Business Course. It’s a 5-week course with step-by-step instruction via videos and an easy-to-follow workbook.
By the end of this class,
You’ll have an understanding of how business credit works.
You will know how to obtain 50K- 100k in 90 days or less even if your business hasn’t made revenue yet.
You will have a list of 50 of the best tradelines and vendors to use to build your business credit.
Also included is the Personal Credit Hacks ebook with 9 proven hacks to increase your personal score.
When I first started my business, I had no idea that business credit existed or that my new business idea could qualify. The good news is that business credit is a thing, and you can absolutely qualify even if you just started. I’m going to show you how.
First, let’s discuss what business credit is. Business credit allows companies to purchase products and services through credit, loans, grants, etc. It is separate from your personal credit score.
Why business credit?
Well, it takes money to make money. Most importantly, you don’t have to go broke trying to build your business. Also, unlike personal credit, you are not penalized for utilization, and you get access to higher credit limits and loans. Remember, you can do all of this without touching your personal credit.
What can you get with business credit?
The short answer is just about anything. You can purchase a car in your business name. You can get loans and lines of credit in your business name. You can buy property, start an Airbnb, and more.
How does business credit work?
Similar to personal credit, there are three major bureaus. You have Duns and Bradstreet, Experian Business, and Equifax business. Unlike personal credit, business credit is only concerned about you paying on time. If you already have a business, you can check your score on nav.com. If you sign up for the $39.99 plan, it is a tradeline that will help you to build your business credit. Click here to sign up now.
Secondly, you need a Duns and Bradstreet number. (You may be familiar with the recent Duns and Bradstreet system changes. I wrote about these changes in a previous post. Check it out here. You only need to worry about the changes if you seek government contracts. If you are simply building business credit, you can disregard the change.
Thirdly, you need tradelines like nav.com. Preferably three to five tradelines. You want to secure the tradelines using your EIN (Employer Identification Number) only.
Even if you haven’t started making revenue yet, you can still build business credit from scratch. I breakdown how to do this and more in my business credit MasterClass. It’s only $37 for now.
In the Level Up Your Business MasterClass I cover:
The 3 Secrets to building business credit from scratch without using your personal credit!
How to quickly and easily generate a paydex score in 90 days or less.
You’ll discover the easy way to qualify your business now – even if you are new to the business world.
How to quickly recognize and avoid being denied funding.
If you are on the path to creating multiple streams of income, you should leverage both business and personal credit to get there. It is truly a game-changer when it comes to building generational wealth for generations to come.
See you at the top,
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