Downloaded 11 times
More Related Content
Similar to Discover 16 Types of Business Credit and Financing that is Available for Your Business
More from Ty Crandall, Business Credit Expert
Discover 16 Types of Business Credit and Financing that is Available for Your Business
- 1. Discover 16 Typesof Business Credit and Financing that is Available for Your Business Welcome to our Webinar…
- 2. Revolving Accounts • Mostmajor merchants offer business credit for you to apply for • Get approved at Staples, Office Depot, Lowes, Home Depot, Dell, Shell, BP, Wal-Mart, Costco, and more • Get approved for higher limit cards $10,000+ • Get multiple Visa, MasterCard, AMEX and continue increasing limits
- 3. Business Credit • BusinessCredit is credit that is obtained in a Business Name • With business credit the Business builds its own credit profile and credit score • With an established credit profile and score, the business will then qualify for greater credit
- 4. Business Credit • Thiscredit is in the business name and based on the business’s ability to pay, not the business owners • Since the business qualifies for the credit, in some cases there is no personal credit check required from the business owner
- 5. Business Credit Cardsand Lines • Unsecured Credit Cards are perfect for a startup business or franchise or a business that does not want to provide financials • You can be approved for as much as $150,000 in unsecured credit cards for your business based solely on your personal credit quality • This program is as close to “no-doc” funding that you can truly get
- 6. Business Credit Cardsand Lines • Report to business credit reporting agencies • Approvals only based on personal credit • No collateral or financials typically are needed to qualify • No up-front application fees are charged • Fast Approvals
- 7. Business Credit Cardsand Lines • Approval amounts range from $10,000- 150,000 • Approval Time is 2-3 weeks average approval time • Good personal credit is all that is needed as collateral
- 8. Unsecured Business Linesof Credit • Established businesses with financials and tax returns showing strong revenues and profit can get approved for up to $250,000 in unsecured funding with low interest rates and generous payback terms with our unsecured business lines-of-credit.
- 9. Qualifying Criteria • Goodpersonal credit is required to qualify • No unpaid collections, judgments, or tax liens • No bankruptcies • No derogatory items on credit report within the past 12 months • Low inquiries less than 3 in the last 6 months • FICO credit scores should be above 680
- 10. Qualifying Criteria • Needat lease open credit to qualify including 1, $3,000 limit or higher credit card if you have an open auto loan or mortgage, or need at least 2 cards with no auto or mortgage loans reported • Balances on open credit cards should currently be below 50% of the card credit limit
- 11. Extra Notes • DocumentsReviewed: – 411 Listing – Personal credit • Credit lines come with check writing capability and a linked debit card • Credit Partners are permitted – Multiple Credit Partners can be used to obtain even more financing
- 12. Equipment Leasing • Over80% of U.S. businesses use equipment lease financing to acquire equipment for their businesses • Can be used for office equipment or large commercial equipment used for manufacturing • Can be used for starting a new business
- 13. Heavy Equipment Financing •Loans from $10,000-2,000,000+ • Challenged personal credit is okay • Receive lump-sums of cash with equipment sale-leaseback • Construction equipment, farming, paving, trailers, mining, manufacturing
- 14. Equipment Financing • EquipmentFinancing and leasing is perfect for business owners who want to borrow money to get equipment, or for owners who want to borrow against existing equipment they already own. • Clients can use this financing to leverage existing equipment they already own to qualify for funding.
- 15. Equipment Financing • HeavyEquipment Financing is available for most industries and types of heavy equipment including… construction, farming, logging and forestry, trucks and trailers, mining equipment, paving equipment, agricultural equipment, machine tools, and manufacturing equipment
- 16. Equipment Financing • Manyother business owners use this type of funding to lease equipment and gain tax advantages without using out-of-pocket money to purchase that equipment. • This is a great funding program for a client who has or wants equipment and has average or above credit to qualify.
- 17. Vehicle Wrap Financing •One of our most popular funding programs is our easy-to-obtain Vehicle Wrap Financing. • With this program you can be approved for financing to have your vehicle “wrapped” in a graphic wrap turning it into a mobile billboard. • Financing is available for all types of vehicle wraps including standard and illuminated. • Get approved, gain exposure, and enjoy your new competitive edge.
- 18. Wrap financing • Loansup to $50,000 • Tax advantages • Gain exposure without a large out of pocket cost • 72 hour approval • Multiple wraps are typically available
- 19. Commercial Signage Financing •Easy-to-obtain Commercial Signage Financing provides you with the money you need to put up a commercial sign for your business. • Financing is available for all types of commercial signage including Monument, Pylon, Pole, Neon, and Channel Letter Signs. • You can get approved, gain critical visibility for your business, and enjoy your new competitive edge.
- 20. Securities Based Lineof Credit • Securities Based Line of Credit provides you with an outstanding way to leverage your assets that are currently in your stocks and securities for your business. • In less than 72 hours you can be approved for a working capital line-of-credit for your business for as high as 90% of the value of your securities.
- 21. Securities Based Financing •Revolving line of credit issued against securities such as stocks • Interest rates are as low as 1.6%, interest only • Loan to value of 70-90% of securities value • Limited documentation required to qualify • Most major stocks, mutual funds, treasury notes and T-bills, and corporate municipal bonds are accepted
- 22. Securities Based Lineof Credit • This program helps you gain more control over the performance of your securities accounts and gain the business working capital you need for business growth.
- 23. 401K Plan Financing •There is an outstanding way to leverage your assets that are currently in your 401k and IRA. • In less than 3 weeks you can gain more control over the performance of your retirement plan assets and gain the business working capital you need for business growth, by investing a portion of your retirement funds into your business.
- 24. 401K Financing SetupSteps • Step 1 Form a c-corporation • Step 2 Corporation starts a 401k plan • Step 3 Rollover to your new 401k plan • Step 4 New 401k plan invests in your corporation • Our specialists help you through each step for transferring over your 401k and using it as collateral for your business.
- 25. Merchant Credit • MerchantCredit programs provide you multiple options to secure money for your business including merchant advances and merchant credit lines. • If you accept credit cards now or would like to, our Merchant Credit programs might be a perfect for you. • You can secure up to $250,000 in financing for your business even if you have personal credit challenges now.
- 26. Merchant Advances • Borrowingagainst future credit card sales • Can be secured with challenged personal credit • Loans use past and current credit card history to determine financing amount • A small portion of each future credit card sale goes towards repayment
- 27. Business Revenue Lending •Unsecured business revenue financing is perfect for businesses that have consistent revenue that is verifiable through business bank statements. • With Revenue Financing you can secure money quickly for your business even if you have credit issues now.
- 28. Revenue Lending • Revenuefinancing is a loan to a company which is paid back through a royalty on the revenues • Funding is commonly available up to 8% of a company’s annual revenue • One big benefit of revenue funding is that it provides a variable payment
- 29. Business Revenue Lending •Plus all that is needed is a quick review of your bank and merchant statements and you can quickly be approved for as much as $150,000 in funding.
- 30. Account Receivable Financing •You no longer need to wait weeks or months to get paid on outstanding receivables. • With Account Receivable Financing you can obtain up to 80% of your receivables within 24 hours for less cost than if you accepted credit cards from your customers.
- 31. AR factoring andPO Financing • Borrower against outstanding account receivables and purchase orders • Secure up to 80% of your invoices within 24 hours • No background checks • Lender handles collections • Not a loan
- 32. Account Receivable Financing Terms •Receive advances up to 80% of existing receivables • Remaining 20% less discount is released once your customer pays the invoice • Discounts for first 30 days typically 2.5-5% of receivables • Discounts As low as 1.33% after first 30 days • Agreements are typically for a 12 month period with successive renewal of 6 months
- 33. Typical Industries • Aerospace& Defense; Automotive; Computer; • Consumer Goods; Distribution; Energy & Alternative Energy; • Freight & Logistics; Healthcare; High Tech; Life Sciences; • Manufacturing; Pharmaceuticals; Specialty Finance; Real Estate – Owner Occupied; • Real Estate – Distressed Situations;
- 34. Typical Industries • Retail; •Transportation; • Others Retail; • Transportation; And more
- 35. Purchase Order Financing •Our Purchase Order Financing is a short-term finance option that provides capital to pay your suppliers upfront so your company doesn’t have to deplete cash reserves. • Our areas of expertise include production finance for work in process and Letters of Credit for trade finance. • This includes import and export transactions as well as domestic trade purchases.
- 36. Inventory Financing • OurInventory Financing is a perfect way for you to get money for your business if you own more than $150,000 in inventory now. • With inventory financing you can use your inventory as collateral and quickly be approved even if you have personal credit challenges. • Plus you get to enjoy generous payback terms and loan amounts helping keep your payments affordable.
- 37. Inventory Financing • Inventoryfinancing is bank line of credit secured by the company’s inventory as collateral • With inventory financing, the borrower receives a loan in order to purchase inventory • The purchased inventory is then used as collateral against the loan
- 38. Secured SBA LoanPrograms • You can be approved for as much as $12 million in financing with low interest rates and generous payback terms with secured SBA loans. • The secured SBA loans are perfect for a for- profit business looking to expand, for the purchase of a new business or franchise, partner buy-outs, the purchase or construction of commercial real estate, even obtaining working capital for your business.
- 39. Loans • Loans upto 12 million can be obtained • Many loans are backed by the SBA • Micro loans are available and very popular • Require income verification
- 40. Private Equity Financing •Private Equity Financing is a great option for your business to secure financing in the following areas: - expansion, acquisition of real estate, - increase your capacity, acquire another company, - to raise additional debt and/or equity to leverage for success of your company.
- 41. Private Equity Financing •Through our relationships and experience in the financial services markets we can help you find alternative sources of capital from our large network of private institutional lenders.
- 42. Commercial Real EstateFinancing • We offer a variety of commercial real estate lending solutions through our nationwide network of dedicated originators, underwriters, banks, life insurance companies, other institutional lenders and private investors • We have programs available to finance acquisitions, refinances, expansions and renovations.
- 43. Commercial Real EstateFinancing • $75,000-20,000,000+ loans available • Owner occupied, conventional, investment, hard money, and bridge loans are available • Can be used for industrial, office, manufacturing, mixed use, auto dealers, day care centers, assisted living facilities, and more
- 44. Owner Occupied Properties Financed •Office – General, Office - Medical/Dental, • Industrial / Warehouse, Light Manufacturing • Mixed UseMixed Use, Commercial Condo • Auto Dealers, Light Auto Service • Day Care / Schools, Assisted Living • Entertainment • All Others - InquireAll Others - Inquire
- 45. Investment Properties Financed •Investment Properties Financed • Retail • Office • Warehouse • Light Industrial / FlexLight Industrial / Flex • Self-Storage (case by case basis)
- 46. House Reseller Financing •You can enjoy a quick closing with rehabilitation loans. • Rehab loans are tailored for the real estate investor who wants to make repairs before selling the property. • Using the property as collateral, funds are available for short-term residential renovation projects that most traditional banks and credit unions won’t approve.
- 47. House Reseller Financing •Funding for investors to rehab properties • Loans up to 65% of repaired value • 6 month loan terms available • Minimal documentation needed including home inspection, purchase order, and 3 months of bank statements
- 48. House Reseller Financing •Authorized monies will be held in escrow and released in draws, as your contractors complete renovations. • Notes: - 100% of renovation funds are typically advanced in 1 to 4 draws. - Once inspector certifies work is done, funds are wired within 24 hours directly to the investor’s account
- 49. Auto Vehicle Leasing •Vehicles can be leased in the business name • Auto leases can be obtained based primarily on business credit • Multiple leases can be obtained
- 50. Now see theone place on Earth that you can get ALL of these funding programs and more in 1 place
- 51.
- 52.
- 53.
- 54.
- 55.
- 57.
- 59.
- 61. Available Funding Programs •Over 2,100 Lenders and 400 Direct Lenders • Over 30 core funding programs • More funding and business credit sources available than anywhere else
- 62. Step 3- BusinessCredit Scores
- 65. Step 4- VendorCredit
- 66.
- 67. Step 5- BusinessCredit
- 68. Business Credit Sources •Staples • Office Depot • Shell • Home Depot • Wal-Mart • Costco • Amazon • Dell • Lowes Sears
- 69. Business Credit Sources •BP • Chevron • Speedway • Sam’s Club • Visa • MasterCard's • And More
- 71. Step 6- FundingRevisited
- 72. The Business Creditand Funding Suite • More funding and business credit sources than anywhere else • Only system which integrates directly with Equifax, Experian, and Dun & Bradstreet • Only system where clients can get a free DUNS number and Experian Smart Business report • Only system with certified coaches for business credit and funding • $50,000 Guarantee which guarantees clients will be approved for at least $50,000 in business credit or funding
- 73. HUGE Revenue Potential •Currently clients are selling the funding suite on average between $2,500-3,500 • You pay only $700 per funding suite you activate 3 days after activation • You have the potential to earn MASSIVE returns with no client management after the sale
- 74. Comprehensive System forSuccess • Dispute Suite has prepared all the materials you will need to market business credit • Marketing materials such as articles and email drip campaigns are provided to help you promote business credit and funding
- 75. Getting Started Todayby visiting www.BusinessCreditExpert.com Ty Crandall 877-600-2487 [email protected]
- 76. Get Started Today •Get started today for only $1,600 • Upgrade to Silver for only $2,000 • Upgrade to Gold for only $2,800 • Bronze, Silver, and Gold include activation of your own funding suite (retail $2,500-3,500) • Valid through Sunday, March 17
- 77. Special through SundayMarch 3rd • Receive our Premier plan for an $800 Discount • Visit www.BusinessCreditExpert.com and enroll for our Professional Plan and get a FREE upgrade to Premier • Basic, Professional, and Premier plans include activation of your own finance suite (retail $2,500-3,500) • Valid through Sunday, Sunday, March 17
- 78. Payment Options • Basic,Professional, and Premier can be started with payments of $400 • Pricing and Payments will not change through Sunday, March 17
- 79. Bonuses • Enroll bySunday, March 17 and receive these bonuses • A FREE ready to publish book on personal and business credit, and instructions to publish it for free • Full, All Access to all past Business Credit Weekly Coaching Webinars
- 80. Bonuses • 3 Monthsof Credit Repair Email Content • 3 Months of Credit Repair Social Media Posts • 2 Free Credit Repair Free Reports • A Credit Repair Kit for Clients – With 60 page Credit Repair Process Overview Guide – With Dispute log and instructions – With 101 Dispute Letter Library • Enroll by Sunday, March 3rd and receive these bonuses
- 81. Getting Started Todayby visiting www.BusinessCreditExpert.com Ty Crandall 877-600-2487 [email protected]