Business Lines of Credit
Business credit and unsecured lines of credit are often confusing and evasive subjects. With an abundance of unscrupulous offers on the market, it is easy for an entrepreneur to get confused about what is and what isn’t possible.
In 2008, we aligned ourselves with The Gallant Group to attain our certification as a Business Credit Consulting Agency. By doing so, we are certified to provide you with the top quality of service and a model that delivers on lines of credit.
Our interest is in educating and guiding our prospects and clients through the difficult terrain of attaining and booking (the industry term for funding) credit lines. Our unique model provides the entrepreneur with a no hassle and easy to follow method for getting lines of credit funded through various banks across the country. The bonus of answering difficult financial questions from banks are handled through our company.
Please CONTACT US today to find out more about our unique approach and what we can do for your company. Feel free to navigate through our comprehensive website.
Business Credit Services
We have perfected an approach to establishing and building business credit for our clients. We help entrepreneurs acquire business credit and financing through our sources. We hold fast to a core philosophy when creating new business credit lines that has led to a success rate of 95% of our lines funding. Take advantage of our Business Credit Serices.
Lines of Credit
Shelf Companies
Credit Repair
Credit Profile Numbers
New Companies
If your company is less than 2 years old you will NOT be able to get unsecured business lines of credit through banks. The only options you can qualify for are credit cards, vendor credit and business loans.
Business credit cards will require personal guarantees and always involve a personal credit check of the shareholders. In other words, if personal credit scores of the owners aren’t great (660+ scores, no bankruptcies, no foreclosures, or repossessions within the last 10 years) qualifying for a business credit card is a non-option. If, on the other hand, the personal credit of the majority shareholder is decent, you can take your chances with credit card providers of small to medium sized businesses. Remember that all of these credit cards require a personal credit check.
Seasoned Companies
Having a company for 2 years puts you in the driver’s seat for unsecured business lines of credit if you can couple that with good personal credit.
Most business lines of credit are unsecured and require no income documentation. The two primary drivers for credit decisions are based off of the credit scores of shareholders or owners (majority shareholder or owner must have 75% control of the company to qualify) and the length of time the company has been in business (minimum is 2 years).
Contact Us To Request Our Business Credit Services
Lines of Credit
Despite common perception, lines of credit a financial tool that have been used for many years. The recent explosion in lines of credit is due to the aggressive credit guidelines among banks requiring no financial or little financial documentation. These types of lines of credit are unsecured, as in they do not encumber any physical asset of the owner or the business. However, all lines of credit due require a personal guarantee. Please read on this subject in the next section.
Unsecured lines of credit are granted usually on 3 major factors: length of time in business (at least 6 months but preferably 2 years), credit history of the personal guarantor, and the amount of gross revenues the company is stating it has done from the year prior. For companies that have been around less than one year, the onus of the credit line is placed upon the strength of the personal guarantor’s credit score and potentially a YTD income statement.
Personal Guarantees
The subject of personal guarantees is often misunderstood and misinterpreted even by some bankers. The vast majority of financing decisions require an implicit or explicit personal guarantee. In that if the credit line defaults, the personal guarantor is liable for the outstanding debt owed to the bank. The bank does reserve the right to come after the personal guarantor personally in case of a default and hold him/her liable for the debt.
Personal guarantees however are not the same as a personal credit check. Some minor financing and credit tools such as unsecured credit cards can be granted without credit checks. Please CONTACT US directly for more information on this subject.
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Shelf Companies
A shelf company is nothing more than an inoperative company that has been incorporated some time ago and has no financial activity. Hence the term "Shelf" as the company has been sitting on the shelf for quite some time.
Entrepreneurs are free to purchase a certified Nevada C corporation through our company’s services. The companies do not have a history of credit established and come with a blank DNB file.
Here are our prices:
2 Year Old Company: $3500
3 Year Old Company: $5500
5 Year Old Company: $7500
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Credit Repair
As a certified provider of Whitestar Financial’s product and offering, we’ve created an entire credit repair facility for entrepreneurs or individuals who are in need of repairing their credit. Despite the loads of unscrupulous credit offers on the market, credit repair remains an effective solution for enhancing your credit.
Entrepreneurs who use our 6 month credit repair program wind up seeing an immediate 60 -120 point improvement within 60 days. We resolve all of the following:
Bankcruptcies
Foreclosures
Late Payments
Inquiries
Tax Liens
Chargeoffs
And other negative information on your credit. To speak to a qualified consultant on credit repair, please visit our partner website, Whitestar Financial.
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 In Affillitation with the Gallant Group
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