Tag: #businessfunding

From Faith To Funding: How to finance your business without spending your own money.

Posted on by Ebby LeBlanc in Business Credit
Photo by Peter Olexa on Pexels.com

Christian entrepreneurs and visionaries!

Today, we’re diving into a crucial topic for realizing your dreams: funding your business. Whether launching a startup or taking your venture to the next level, securing the right funds is like fueling your faith-fired engine. So, grab your notepad, because we’re about to explore some savvy strategies to make those financial blessings rain on your business journey.

1. Prayerful Planning: Begin with the foundation of prayer. Lay out your business plan before the Lord, asking for His wisdom and favor in every financial decision you make.

a woman drinking coffee with a purple backdrop. 30 ways to monetize your God-given gifts.

2. Business Credit: I know you’ve heard not to use your own money to start your business. This is where business credit comes in. Read the Post, How to Get the Perfect Business Credit Score.

3. Faith-Based Grants and Contests: Many faith-based organizations and foundations offer grants and entrepreneurial contests. These opportunities can provide much-needed capital and recognition for your business.

4. Business Loans: Approach banks that align with your faith and values. Many institutions offer loans with favorable terms to entrepreneurs who are committed to ethical business practices. The Business Credit from Scratch course shows you how to build a relationship with the bank to get higher loans. Join the Wealth Builders Club to instant access to the Business Credit Course.

A group of women sitting on the beach. Join our accountability group

5. Online Lending Platforms: Explore online lending platforms that cater to small businesses. These platforms can offer fast funding with flexible repayment options.

6. Ministry and Church Support: Your church community can be a powerful source of support. Share your business vision with your congregation; some members might be willing to invest or provide financial backing.

Remember, fellow entrepreneurs, that seeking funding is not just about money—it’s about finding partners who believe in your vision, share your values, and want to see you succeed. So, as you embark on this journey, keep your faith strong, your dreams alive, and your financial strategy firmly rooted in God’s grace.

The Road To Financial Freedom is This way,

The EL Consulting Group

Get Business & Funding tips sent directly to Your email

Yes, please!

From Faith To Funding: How to finance your business without spending your own money.

Christian entrepreneurs and visionaries! Today, we’re diving into a crucial topic for realizing your dreams: funding your business. Whether launching a startup or taking your venture to the next level, securing the right funds is like fueling your faith-fired engine. So, grab your notepad, because we’re about to explore some savvy strategies to make those…

Ebby LeBlanc's avatar by Ebby LeBlanc

The blueprint for a lucrative, budget-friendly Passive income startup

In this fast-paced world, the need for multiple income streams has become more apparent than ever. As Christian entrepreneurs, we navigate our businesses with a unique perspective, seeking not only financial success but also a sense of purpose aligned with our faith. But let’s be honest, the idea of working 24/7 is far from the…

Ebby LeBlanc's avatar by Ebby LeBlanc
A group of women sitting on the beach. Join our accountability group

Bust the Myths! Unveiling the Truth about credit

Posted on by Ebby LeBlanc in Personal Credit
a jean pocket with Mastercard credit cards in it.
Photo by Pixabay on Pexels.com

Are you aware of the common credit myths that might be hindering your ability to effectively manage and build your credit? It’s time to debunk these misconceptions and equip yourself with the right knowledge to take control of your financial future. In this article, we will expose the top 10 credit myths you should be aware of:

  1. Myth: Paying Collections = Deletion
    Truth: Paying off collections doesn’t automatically erase them from your credit report. While it’s crucial to settle your debts, collections may still appear on your report for a certain period.
  2. Myth: Credit Karma is Accurate
    Truth: Credit Karma offers valuable insights into your credit health, but keep in mind that their scores may differ from those used by lenders. It’s a helpful tool, but lenders may use different credit scoring models when evaluating your loan applications.
  3. Myth: Late Payments Can’t be Removed
    Truth: In certain cases, you can have late payment remarks removed from your credit report. By reaching out to your creditor and explaining the circumstances, you may negotiate the removal.
  4. Myth: You Need a Perfect Credit Score to Buy a House
    Truth: While a good credit score is beneficial when applying for a mortgage, you don’t need a flawless score. Lenders consider various factors, including your income, debt-to-income ratio, and overall creditworthiness.
  5. Myth: Bankruptcies Can’t be Removed
    Truth: Bankruptcies can have a significant impact on your credit, but they are not permanent. With time and responsible credit management, you can rebuild your credit and improve your financial standing.
  6. Myth: Having Multiple Credit Cards is Bad
    Truth: The number of credit cards you have doesn’t automatically harm your credit. Responsible management of multiple cards, such as maintaining low balances and making timely payments, can actually help build a positive credit history.
  7. Myth: You Need Perfect Credit to Build Business Credit
    Truth: While a good personal credit score can facilitate the process, a perfect score is not a requirement for establishing business credit. Check out the post How to Get the Perfect Business Credit Score
  8. Myth: Hard Inquiries Can’t be Removed
    Truth: Although hard inquiries may initially impact your credit score, you can have them removed. If you identify unauthorized inquiries or can prove that they were made without your consent, you have the right to request their removal from your credit report.
  9. Myth: You Can’t Use Credit to Fund Your Business
    Truth: Credit can be a valuable tool for financing your business endeavors. Whether through business credit cards, loans, or lines of credit, responsible credit usage can support your business growth and cash flow. Join the Wealth Builder Club to try our Business Credit Course for FREE HERE
  10. Myth: Income Helps/Hurts Your Credit Score
    Truth: Your income does not directly influence your credit score. However, lenders may consider your income when assessing your ability to repay debts. Factors such as payment history and credit utilization have a more significant impact on your credit score.

Now that you’re aware of these credit myths, you can confidently navigate the world of credit armed with accurate information. Remember, responsible credit management and financial discipline are key to achieving your goals.

If you have any questions or need further clarification, feel free to reach out. We’re here to support you on your credit journey! Click HERE for a Credit Consultation with our Team!

The Road to Financial Freedom is this way,

EL Consulting Team

women walking in the street. the Words, Wealth Builders club: Minding our faith and our business membership