How to Get Business Funding; Your Guide to Understanding Corporate Credit

How to Get Business Funding | 1 Your Guide to Understanding Corporate Credit

How to Get Business Funding TABLE OF CONTENTS INTRODUCTION CHAPTER 1 What is Credit? 4 CHAPTER 2 Why You Need Credit 7 CHAPTER 3 Preparing to Get Corporate Credit 10 CHAPTER 4 Getting Your Business Credit Ready 12 CHAPTER 5 What is CorporateCashCredit.com? 14 CHAPTER 6 How CorporateCashCredit.com Can Get You Funded 16 CHAPTER 7 Our Results 19 CONCLUSION 23 | 2 Your Guide to Understanding Corporate Credit

How to Get Business Funding INTRODUCTION Welcome to How to Get Business Funding; Your Guide to Understanding Corporate Credit. For millions of Americans, achieving true financial freedom is the ultimate dream. When you are financially free, you can easily provide for your family, enjoy a high quality of life, and live that life on your own terms. That means different things to different people. For some, it means traveling the world, while for others it’s the ability to buy expensive toys or even sports teams. And for others still, it means never having to worry if you will be able to make ends meet, put food on the table, or cover unexpected medical expenses. And if you are serious about starting a business to achieve financial freedom, then you need to understand the importance of credit, how it works, and most importantly... how to get it. You’ve probably noticed that qualifying for credit isn’t as easy as it used to be, say, 10-15 years ago. If you’re a millennial, then you’ve likely never experienced a time when getting credit was easy. But it’s not so much that getting credit is hard, it’s that you have to understand the game, know the rules of the game, and know how to win. Wherever you fall on this spectrum, you likely picked up this book because financial freedom is important to you. One of the most effective ways to achieve financial security is through business ownership. As a business owner, you decide your income. You decide how you are going to use your talents, skills, and passion to contribute and serve the world. You are the captain of your own ship! Your own BOSS! You see, you can get credit and corporate funding and qualify for low interest rates. In this eBook, you’re going to learn how to do just that! By reading these pages, you’re going to gain an understanding of credit basics, why you need credit for your business, and how to position your business to get as much funding as you desire. It sounds great, right? Well, it is great! But it isn’t always easy. In fact, 80% of businesses fail in their first year. And of those that do succeed, half won’t make it through the first 5 years, and only one-third will ever see their 10th anniversaries. Then, CorporateCashCredit.com, corporate funding service that helps hundreds of people every day get the financing they need to start and grow a successful business. From client testimonials, you’ll hear firsthand how easy it is to secure funding and the impact this makes on business. you’ll get an introduction a to premiere The reason for this? According to USA Today and the 2015/2016 Global Entrepreneurship Report, “…over half of businesses discontinue operations because of lack of profits or financial funding.” The knowledge you’ll gain from reading this book is the first step towards turning your dream into your reality. Yes, money is important. More specifically, credit is important. Like it or not, credit makes the world go ‘round – especially the business world. So go ahead, turn the page... your financial freedom awaits! | 3 Your Guide to Understanding Corporate Credit

How to Get Business Funding CHAPTER 1 WHAT IS CREDIT? | 4 Your Guide to Understanding Corporate Credit

How to Get Business Funding WHAT IS CREDIT? So, what is credit, exactly? If you have ever tried to make a purchase with anything other than cash, then you are buying on credit. Credit is defined as: “The provision of money, goods, or services with the expectation of future payment.” -Merriam Webster Credit is borrowed money. You get it from a lender, such as a mortgage broker or a bank. The lender gives you a specific amount of money which you agree to pay back over time through regular payments at a set interest rate. People use credit every day for a variety of reasons. Credit is used to make expensive purchases and secure life necessities like a house, a car, or major repairs. But people also use it to make purchases on everyday items like groceries, gas, or shoes. There are 4 types of credit: 1. Revolving Credit -The most common type of revolving credit is from a credit card. In this case, the lender gives you a maximum limit: the total amount of money which you are able to spend. You have the option to carry a balance, “revolve” the credit, or pay your balance in full. If you choose to revolve the balance, you must be sure to pay the minimum amount owed each month. Keep in mind that you will pay interest on any balance carried. 3. Service Credit - These are the bills you receive from your monthly service providers, such as your electricity, cable and Internet, or cell phone. They are long-term service arrangements which you agree to pay every month. 4. Installment Credit - These are typically issued as car loans and mortgages. Lenders loan a specific amount of money which you agree to pay back over a set amount of time, i.e., 12 to 60 months, with interest. 2. Charge Cards - These functions similarly to credit cards where you are issued a card with a maximum credit limit. However, charge cards differ from credit cards in that they must be paid in full each month. | 5 Your Guide to Understanding Corporate Credit

How to Get Business Funding Secured vs. Unsecured Credit and Loans Credit is also broken down into two different categories: Secured and Unsecured. An unsecured loan does not require collateral. Unsecured loans often take the form of credit cards, lines of credit, and store loans. In this case, the lender takes a risk because they have no property or assets to claim in case of default. Because of this, unsecured loans usually come with much higher interest rates than secured loans. A secured loanis credit against which the borrower uses an asset, or collateral, to secure the loan. Secured loans protect the lender against loss. They are typically used when a person is seeking large amounts of money, for example, to purchase a home or a car. With a secured loan, the lender has the right to seize the asset if the loan is not repaid, or if scheduled payments are not made on time. For example, a mortgage company can foreclose and take possession of a home if the mortgage goes unpaid. Dealerships may repossess a vehicle if the car payments are not made. Typically, foreclosure or repossession procedures begin if a payment is between 60- 90 days past due. | 6 Your Guide to Understanding Corporate Credit

How to Get Business Funding CHAPTER 2 WHY YOU NEED CREDIT | 7 Your Guide to Understanding Corporate Credit

How to Get Business Funding WHY YOU NEED CREDIT As mentioned earlier, people use credit for a variety of reasons: to buy a home, a car, or even just to fill up the gas tank. In the case of making everyday purchases, it can serve as a convenience. You may not always have cash on hand to cover the utility bill or indulge in a little impromptu retail therapy. Credit, and in this case credit cards, comes in handy when you want to buy something now and don’t want to pay cash but have the means to pay for it later. And that’s just to get started. The need for credit will never go away. Remember that stat from USA Today and 2015/2016 Global Entrepreneurship Report: “…over operations because of lack of profits or financial funding.” half of businesses discontinue This is what they mean. If you don’t have the money to operate your business, you will soon be out of business. And if you invest only your personal money into your business, you run the risk of both personal and business bankruptcy. Yet when it comes to building a business, having access to credit is an absolute must. Business expenses add up fast, and you certainly do not want to invest tens, even hundreds of thousands of dollars of your personal money to finance your business. When you start looking for business funding, lenders consider your personal credit to determine whether or not they are going to lend you money for your business. So, even if you were operating on a ‘cash only’ system to avoid accruing debt, you need credit to build a solid financial record. You are going to need a front-end loan and continuous access to cash to cover business expenses and emergencies as you grow. Even once your business is profitable, it’s wise to have access to large amounts of cash so that you’re not always spending your profits. You’ll need it for expenses, such as: • Buying or renting office space • Buying equipment • Getting permits • Education and training • Staff • Marketing and advertising • Fulfilling customer orders • Business fees and attorneys • Utilities and daily operations • Insurance | 8 Your Guide to Understanding Corporate Credit

How to Get Business Funding So what is good credit? Good credit is determined by your credit score. Each month, your credit payment history is reported by your creditors to three credit bureaus: Experian, TransUnion, and Equifax. Based on your ability to pay your debts on time, you will receive a score each month in one of these 5 ranges. Lenders use these credit score ranges to determine risk and the likelihood of you repaying their loan: • 800-850 - Exceptional! People who score in this range will have no problem qualifying for credit, and will get the best interest rates. • 740-799 - Very Good! Above the national average. People who score in this range will qualify for credit at low interest rates. • 670-739 - Good. This is the average range for most Americans. People in this category are viewed as an ‘acceptable’ risk, but may not qualify for the best interest rates. • 580-669 - Fair. These borrowers fall below the national average. If they qualify for credit, they will be paying higher interest rates. • 579 and Lower - Poor. These folks are considered very high risk. They will likely be denied for credit. If they are approved, they will certainly pay the highest interest rates. Your credit score affects whether or not you will qualify for a credit card, mortgage, or corporate funding. If your personal credit score is below 700, then you will want to take action to boost it before applying for corporate financing. | 9 Your Guide to Understanding Corporate Credit

How to Get Business Funding CHAPTER 3 PREPARING TO GET CORPORATE CREDIT | 10 Your Guide to Understanding Corporate Credit

How to Get Business Funding PREPARING TO GET CORPORATE CREDIT By now you have a clear understanding of the importance of credit, the types of credit, and why you need it. As you probably guessed, the first step to qualifying for corporate credit is to get your personal credit score up above 700. But when it comes to business funding, it’s important to have other things in place to make your business look attractive to lenders so that they are willing to take a chance on you. We’ll cover those steps in this chapter. must have legally established and incorporated your business. Step Two: Get a Federal Tax Number A Federal Employer Identification Number (FEIN or EIN) is issued by the IRS and functions exactly like your social security number, except it is for your business. You will need a FEIN to open a business bank account, file business taxes, and, yes, to apply for business loans and credit. Step One: Incorporate Your Business Incorporating your business separates you, the person, from your business. You are two separate legal entities. You have separate credit ratings, separate finances, separate everything. And you don’t ever want to mix the two. Step Three: Get a Dun and Bradstreet Number (DUNS) A DUNS number is a 9-digit business number. It is used to access your business’ credit profile, much like how your social security number is used to access your personal credit profile. There are four primary types of corporations. It’s important to choose the right type that best suits your business, your business’ income, and your long term goals. Step Four: Open Bank Accounts Once you have established a legal business entity and have a Identification Number (FEIN) and a DUNS number, you are now ready to open a bank account. Start with a business checking and a business savings account. In some cases, you may want to open business bank accounts at two or more separate banks. • C-Corporation - Under the Federal Income Tax Law, this type of corporation is taxed separately from its owner. Federal Employer • S-Corporation - These entities pass profits and losses on to shareholders who are then taxed separately on their personal income tax returns. • Limited Liability Corporation (LLC) - An LLC is a flexible enterprise. It offers personal liability protection and tax benefits. These are the four foundational steps to starting a business. Now you are legally able to operate as a business, accept and receive money as a business, and take advantage of the many tax benefits that come from owning a business. • Not-For-Profit - These are tax-exempt, charitable organizations. Now you are ready to take the next step... get your business ‘credit-ready’ to qualify for corporate funding. Before you can fully operate as a business and apply specifically for corporate funding, you | 11 Your Guide to Understanding Corporate Credit

How to Get Business Funding CHAPTER 4 GET YOUR BUSINESS CREDIT-READY | 12 Your Guide to Understanding Corporate Credit

How to Get Business Funding GET YOUR BUSINESS CREDIT-READY Now that you have your business foundation in place, there are just a few more details to address to ensure that your business is credit- ready and looks its absolute best in the eyes of lenders. These 5 tips will make it much easier to apply and qualify for corporate funding. Tip #3 - Make sure all business contact information is accurate Google, Yahoo, Bing, and the Yellow Pages are all search engines and places where your customers can find you online. It’s very important that your business information be the same across all platforms. That information is your company name, phone number, address, and key personnel (such as the owners’ names). All of this information must be the same across all platforms. Having consistent information lets your creditors know that the business they searched for on Google is the same business they searched for on Yahoo, Bing, and all the other sites. It eliminates confusion and gives creditors a better feeling about lending to you. Tip #1 - Create a professional website In this day and age, every legitimate business has a web presence. It doesn’t matter if you are a company of 1 or 100; get a website. You can do it yourself or find an affordable vendor. Just make sure that it is hosted on a platform that you own and control. A Facebook business page, Tumblr page, or Wordpress.com sites are not accounts that you own. You can have them, but not exclusively. Create a business website that clearly details your services and lists your business address and phone number. Add client testimonials to your site as well. They are impressive and boost the legitimacy of your business. Tip #4 - Get vendor credit Now that your business is established, you’re going to need services to keep it up and running. These are things like utilities, Internet, phone, office supplies, etc. Having these types of services in place helps to build your business credit. Make sure that all of these services are in the company name. Tip #2 - List your business phone number with 411 Now this may not seem like a big deal, but one of the first things that creditors do to verify the legitimacy of a business is to check for a 411 business listing. Not having a listing can trigger a red flag to creditors that the business may be a little sketchy. This can result in a business getting denied for credit. So take the extra step and get listed. Business cell phones, VOIP, and landlines can all be added to your local directory for minimal cost. Tip #5 - Maintain Good Personal Credit We’ve talked about the importance of getting your personal credit score above 700. You are going to want to keep it there, or go even higher. Stay focused on making timely payments and avoiding unnecessary debts. Credit scores vary month to month. One missed or late payment can drop your credit score. Don’t give creditors any reason to question doing business with you. Keep your personal credit in good standing by continuing to follow and build upon the good habits that helped you establish good credit in the first place. | 13 Your Guide to Understanding Corporate Credit

How to Get Business Funding CHAPTER 5 WHAT IS CorporateCashCredit.com? | 14 Your Guide to Understanding Corporate Credit

How to Get Business Funding WHAT IS CORPORATECASHCREDIT.COM? So, the good news is you are finally ready to start applying for corporate funding. The bad news: you’re busy running the business, launching the business, or attending to customers. We have a team of funding experts on hand 24-7 who critically analyze your business, no matter where it’s at. We start with a comprehensive checklist that goes way beyond the basic requirements. Then we formulate a personalized funding plan, just for you. If you’ve read this far, you know by now that there is a lot of prep work involved in getting your business positioned to qualify for financing. You are probably feeling overwhelmed by all of the extra work that just got added to your plate! And that is just the tip of the iceberg. CorporateCashCredit.com business professional who wants a one-stop, all-in-one service. We do everything for you. Our team conducts all of the research, fills out the forms, and even submits your credit applications. All you need to do is sign the paperwork. We’ve got the rest! caters to the You may have already done an Internet search to find a company or service that can handle these tasks for you. And you likely also noticed that most of these sites either offer outdated information or don’t really do all of the work for you. CorporateCashCredit.com provides this unique service because we are truly dedicated to getting you funding quickly so you can get back to business. You may have even tried to take some of these actions on your own and then got bogged down and frustrated with all of the details. Or worse, you didn’t get the results you wanted. • We make sure that you meet all of the lender requirements so that you and your business look GREAT to lenders! • We make sure that you work with only the highest-quality, reputable lenders who are the best fit for YOUR needs. If you need cash in a hurry to expand your business or just keep the doors open, then you know that you really don’t have time to figure this stuff out on your own. Let alone the time to endure the learning curve or the ability to afford to waste your money making rookie mistakes. • We make sure all of the “i’s’ are dotted and “t’s” crossed to ensure that you are APPROVED for funding right away! And, more importantly, you really don’t want to. No other corporate funding service puts the kind of care and attention into getting their clients results as CorporateCashCredit.com. You’re a business owner. Your strength lies in providing the product or service that you are an expert in, not learning and mastering corporate financing. In the next chapter, you’ll learn step-by-step exactly how CorporateCashCredit.com works and what you can expect when you work with us! That is where CorporateCashcredit.com comes in. CorporateCashCredit.com is the only corporate financing service that literally does it all for you! Now, let’s get you funded! | 15 Your Guide to Understanding Corporate Credit

How to Get Business Funding CHAPTER 6 HOW CorporateCashCredit.com CAN GET YOU FUNDED | 16 Your Guide to Understanding Corporate Credit

How to Get Business Funding HOW CORPORATECASHCREDIT.COM CAN GET YOU FUNDED CorporateCashCredit.com applies a systematic approach to getting your business credit-ready and funded. We start with a FREE analysis. This is where you’ll provide information about your credit history, revolving credit, credit score, and the type and amount of funding that you are seeking. From there, our team of experts goes to work to design a plan that best meets your goals. Take a look at our timeline: Phase 1: During the first seven days, we apply our comprehensive checklist to analyze your business and get it credit-ready. We’ll look at: This is just the starting point. There are many other components that we look into during this first 7-day period. If, for any reason, your business does not meet the requirements, then we will work until it does. Your business will be credit-ready in 7 days. a. your website and ensure that it meets lender requirements b. ensuring your business phone number is listed in the 411 directory c. ensuring your business contact information is up to date and accurate throughout all platforms d. ensuring your business has a DUNS number e. ensuring your personal credit meets minimal lender requirements | 17 Your Guide to Understanding Corporate Credit

How to Get Business Funding Phase 2: Phase 3: The next 45 days are dedicated to building your Paydex score. The Paydex score is a system created by Dun and Bradstreet that measures the credit worthiness of your business. Think of it like your business FICO score. If your personal credit is excellent, then funding can come quickly. However, if your personal credit does not meet lender requirements, then we will help you bring your credit score up to meet those requirements through the purchase of seasoned tradelines. Businesses with Paydex scores between 80 and 100 are considered to be at the top level of creditworthiness. Paydex is calculated based on whether a business makes payments to its creditors and suppliers before their due date. To recap, lenders typically require your personal credit to include: • 700+ credit score • 3 or more years of clean credit history During this 45-day process, we help you obtain your 80 Paydex score on Dun and Bradstreet. We help you make 4 or more credit charges and help you make the payments on time. Your Paydex score will increase once these payments are reported to the credit bureaus. • 3 or more revolving credit accounts • 30% or lower revolving debt ratio • no more than 6 credit inquiries in the past 6 months At this point, CorporateCashCredit.com will begin applying for funding by introducing you to lenders who provide secured and unsecured business loans and lines of credit. Most businesses secure between $25,000 and $75,000 during the first round. This funding phase typically takes 21 days and can occur during the 45-day Paydex process. During the Phase 1 process, CorporateCashCredit.com may discover that there are too many credit inquiries on your account. If that is the case, our sister company InquiryBusters.com will spend 1-3 weeks removing these inquiries and cleaning up your credit report. Once all of the old credit inquiries have been removed and your personal credit is up to lender requirements, it’s time to embark on the second round of funding. In this round, you can obtain credit limit increases on existing accounts that you obtained during the first round of funding as well as secure additional funding from new lenders. Customers often qualify for $100K or more in additional money during this second round of funding. | 18 Your Guide to Understanding Corporate Credit

How to Get Business Funding CHAPTER 7 OUR RESULTS | 19 Your Guide to Understanding Corporate Credit

How to Get Business Funding OUR RESULTS Our CorporateCashCredit.com customers typically receive the total amount of money they hoped for after completing the second round of funding, although there are some cases in which all of the funds have been secured during the first round. Let’s take a look at some of our client testimonials and hear firsthand how business owners, like you, have been able to get the funding they desired by working with CorporateCashCredit.com. Terry, Florida “I own several international businesses. We hit a very rough patch a while back, and I was definitely concerned for the future of my company. I called CorporateCashCredit.com as my last hope. They were quick to help. Jackie, Nevada “I used CorporateCashCredit.com to get money to expand my nail salon. After contacting CorporateCashCredit.com, they went to work to get my business credit ready. That took less than a week. Then I went into the 80 Paydex program because my score was under 80. They helped me make several credit payments which resulted in boosting my Paydex score to 88. We started by getting my company “credit ready.” That took less than a week. Then, I had to get my Paydex score up. It took about 45 days, but they got my Paydex score to 80, which was just what I needed. Then, applying for loans on my behalf. First I got Trade Credits from a couple of vendors. And then before I knew it, I started receiving approvals for credit cards. In total, I got $85,000 in credit which literally pulled my businesses back from CorporateCashCredit.com started After that, CorporateCashCredit.com started applying for funding from various banks and creditors. They took care of all of the paperwork for me, which was really nice. the brink.” I received approvals from 3 banks... Bank of America, Chase, and Barclay. I got $30,000 in combined credit. Having this money really helped me to grow my business the way I had wanted. I couldn’t be happier with the results I got working with CorporateCashCredit.com. | 20 Your Guide to Understanding Corporate Credit

How to Get Business Funding Chris, Idaho “I own a custom manufacturing business in Idaho. We’ve been in business for 7 years. CorporateCashCredit.com helped me to get the credit I needed to expand my business to multiple states. One of their advisors told me I needed to get my company ‘credit ready.’ So, the first week, we got my website in order and all of my business information updated and accurate on Internet directories. Then I did the 80 Paydex Program. In less than 3 weeks, my Paydex score was up to 94! Carolyn, Pennsylvania CorporateCashCredit.com filled out all of the paperwork and took care of getting the applications filled out properly. There was very little for me to do. “I am what you call a serial entrepreneur. I’ve worked with CorporateCashCredit.com on almost every business I’ve been in. Every business needs cash on hand to grow. And I like to do things fast, which is why I love working with CorporateCashCredit.com. They work at my speed... fast! I started getting approvals from lenders within the first 60 days. I got $18,000 from American Express and $30,000 from a Capital One Business Card. That was $48,000 of credit that I got for my business.” For one business I was approved for $175K in about 3 weeks’ time. On a separate business, I received $60K in about 6 weeks’ time. They have an umbrella of programs and sister companies that meet you where you’re at and help qualify you for funding to get your business moving forward. I would definitely recommend these guys.” | 21 Your Guide to Understanding Corporate Credit

How to Get Business Funding Wes, Arkansas Greg, Virginia “I sell medical supplies in a small town. We do okay, but don’t have a lot of extra cash on hand. We had a few emergency situations come up unexpectedly and I had to make repairs to the building and office space. I didn’t have the funds. I applied for a business loan at a couple of banks and got rejected fast. “The thing that attracted me most to CorporateCashCredit.com is that I needed credit to finance my plumbing business and just didn’t have the time to dot all of the ‘i’s’ and cross the ‘t’s.’ CorporateCashCredit.com has a professional staff with 24-hour support. I never had to worry about whether things were getting done and moving forward. They did all of the legwork... filled out and submitted all the applications. They even knew which companies were the right ones for me to apply to. I contacted a sales agent at CorporateCashCredit. com and he was super helpful. They helped me get ‘credit ready’ by improving my website and public listings. Then they helped me make some payments to bump up my Paydex score to 88. In the first round of funding, I got $25,000 from one lender. The folks at CorporateCashCredit. com kept working for me, and in the second round of funding I got approved for $50,000. Ultimately, CorporateCashCredit.com helped me get $85,000 in credit from Bank of America, Capital One, Barclay, and Cabela’s. They are definitely a company I would recommend, and I will use them again.” A total of $75K!” | 22 Your Guide to Understanding Corporate Credit

How to Get Business Funding CONCLUSION Whether you are an individual seeking a comfortable and peaceful life or an entrepreneur on a mission to make an impact on the world, credit plays a fundamental role in everything that you do. It is deeply woven into the fabric of our everyday lives. From getting approved for a department store credit card to getting a $500K business loan, it all begins and ends with credit. As you move forward on whatever path you choose to take in life, it’s important to take with you the principles and behaviors of good credit and to always strive to build and maintain great credit and a strong credit history. The day will come when you will need credit for a major life event, such as buying a home or a car, or needing money in a hurry for an emergency. There is no worse feeling than needing access to money and not being able to get it. Be prepared, plan ahead, and always be building your credit. With good credit, everything gets a little easier, and you have the freedom to dream bigger, make bigger plans, and live life to the fullest. CorporateCashCredit. com wants to help you make your dreams come true. CorporateCashCredit.com truly is the only full-service corporate financing company. We pride ourselves on providing exceptional customer service. With a strong network of sister companies, we are uniquely positioned to solve any credit problem. We lead our customers through the entire process. We take the pressure off of you by making sure all of the research, paperwork, and applications are handled correctly. We analyze your business, identify where it is weak, and then work tirelessly to correct those issues. Our goal is to get your business 100% credit ready so that you will be approved for the financing you need when you need it. Today, you have an opportunity like no other! It’s your chance to achieve your dream of gaining financial freedom. Armed with the powerful information found in this guide, you now know the rules of how to get corporate funding, how to play the game, and most importantly, how to win! You know what it takes to get the money that will see your business through to its 10th anniversary and beyond! So contact one of our expert team members at CorporateCashCredit.com today! We are ready to help you 24-7, 365 days of the year! Get Credible. Get Scored. Get Funded! | 23 Your Guide to Understanding Corporate Credit

How to Get Business Funding; Your Guide to Understanding Corporate Credit