It only takes a few months to build your initial vendor accounts in step 4 and have them reporting on your business credit report. Once these 5 new accounts are reporting, you can then start securing revolving credit cards in step 5.
Much of this credit you obtain in step 5 is business credit in your business name, so there is no personal credit check required. And much of the credit can be obtained with no personal guarantee from you, eliminating your personal liability.
You will first start with some revolving “starter” accounts including credit cards with retailers such as Staples, Home Depot, Tractor Supply, Shell, Office Depot, and more. As some of these accounts report on your business credit reports, you will then be able to get approved for even more credit. And you can continue to apply, get approved, and obtain credit in your business name with many well-known retailers, and some you might not have heard of.
You can be approved for credit with Wal-mart, Costco, Amazon, Dell, Lowes, Sears, BP, Chevron, Sinclair Gas, Speedway, Sam’s Club, Pitney Bowes, Applie, and many more. You can even get approved for multiple credit cards with Visa, MasterCard, Discover, even American Express.
As you build your business credit in step 5 you will see that many creditors will issue you approvals as high as $10,000. And again, these are credit cards in your business name, and many of them require no personal credit check or personal guarantee from you to be approved.
In the Finance Suite each retailer lists the products they sell, who they report to, and also their underwriting requirements so you will know you can be approved before you even apply. This is the only system in existence that actually lists the real underwriting guidelines for each account, substantially increasing your chances of being approved.
We even offer you a $50,000 guarantee that you will be approved for at least $50,000 in business credit, and this guarantee applies regardless of your personal credit condition. So you truly have nothing to lose with our leading business credit building system.
Get a Free Business Credit & Loan Consultation. We Simplify Building Business Credit So You Can Get Capital With Confidence! Speak with a Qualified Business Credit Advisor to discover your quickest & optimal path to build substantial business credit! Click Here To Apply!
Tuesday, March 16, 2021
Tuesday, December 15, 2020
Your Personalized Business Financing Experience with Nav, Find the Busin...
Get Business Financing, Startup Funding, Credit Building, Unsecured Credit Lines, SBA 504 7A Loans, Micro Loans, Cash Flow Advance, Business Credit Cards And More! Save time. Get matched & Approved Today! Get Started! Click Here To Apply! Wont Impact Your Credit Score!
Monday, June 1, 2020
Looking for Investors for Your Startup?
Top 5 Key-Questions Venture Capital Firms Will Ask You
Many entrepreneurs look to secure venture capital in order to grow their business. As tempting and easy as it may sound, this path is not a walk in the park. Unless you are well informed and prepared.
Figures shown in a Harvard Business Review study show that in US only 1% of startups are financed by venture capital. So, why does that happen? Because it is not enough to have a smart idea, a few sales and be passionate about it. A strong business plan is needed, commitment and good knowledge of the market.
When you secure venture capital, you bring along a partner in your business. You might consider it like a marriage. So now you can understand why the VC firm will want to know the ins and outs of your business before making the investment.
Here are the top 5 factors that determine the investors’ decision to make the investment or refuse the startup looking for capital. 1.Do you have a good management team?
You and your team have to tick several boxes. That means you need relevant domain experience, very good communication, high adaptability, you have to be engaged and cohesive.
It is higly adivsable to be honest about the abilities of your management team members and not hide the weak spots, but presents solutions on how you plan to improve them.
•Is the market you are aiming BIG?
It may sound simple, but let’s look further into this question. First and foremost, what does BIG mean? A market opportunity venture capital funds will consider proper is in excess of $1 billion. So, if you star small, with just a product or a local market, present how your business has the potential to scale. Consider answering questions like ”What is your adressable market?” and ”What share of that market do you intend to capture?”.
•Is your product or service original / unique?
Unique selling point – or the differetiating factor between similar products or services – can often decide the success or failure of a business.
Take into considerations several differentiators such as (1) having a completely new and original product that is also hard to copy by the competition, (2) finding a niche market to address to, (3) selling your product or service for a really good price.
These are only some of the differentiators you must take into consideration. At least one has to be part of your strategy. The more, the better.
•Is your startup a good fit for the VC firm?
Each venture capital fund chooses an investment philosophy. So, some may invest only intro social enterprises, others in IT businesses or green technology. Other may invest only in startups that help create future markets regardless of the niche they activate in.
Before contacting a VC firm, make sure you are in their area of interest, so you don’t waste time and get no results.
•How will you use the invested capital?
Be prepared to back your answer with metrics and timelines. You should have a solid plan, including the multiple aspects of a business (marketing costs, operational costs, administrative expenses, cash flow etcaetera) and burn rate – so the investor will know if and when you need a new round of capital.
Many entrepreneurs look to secure venture capital in order to grow their business. As tempting and easy as it may sound, this path is not a walk in the park. Unless you are well informed and prepared.
Figures shown in a Harvard Business Review study show that in US only 1% of startups are financed by venture capital. So, why does that happen? Because it is not enough to have a smart idea, a few sales and be passionate about it. A strong business plan is needed, commitment and good knowledge of the market.
When you secure venture capital, you bring along a partner in your business. You might consider it like a marriage. So now you can understand why the VC firm will want to know the ins and outs of your business before making the investment.
Here are the top 5 factors that determine the investors’ decision to make the investment or refuse the startup looking for capital. 1.Do you have a good management team?
You and your team have to tick several boxes. That means you need relevant domain experience, very good communication, high adaptability, you have to be engaged and cohesive.
It is higly adivsable to be honest about the abilities of your management team members and not hide the weak spots, but presents solutions on how you plan to improve them.
•Is the market you are aiming BIG?
It may sound simple, but let’s look further into this question. First and foremost, what does BIG mean? A market opportunity venture capital funds will consider proper is in excess of $1 billion. So, if you star small, with just a product or a local market, present how your business has the potential to scale. Consider answering questions like ”What is your adressable market?” and ”What share of that market do you intend to capture?”.
•Is your product or service original / unique?
Unique selling point – or the differetiating factor between similar products or services – can often decide the success or failure of a business.
Take into considerations several differentiators such as (1) having a completely new and original product that is also hard to copy by the competition, (2) finding a niche market to address to, (3) selling your product or service for a really good price.
These are only some of the differentiators you must take into consideration. At least one has to be part of your strategy. The more, the better.
•Is your startup a good fit for the VC firm?
Each venture capital fund chooses an investment philosophy. So, some may invest only intro social enterprises, others in IT businesses or green technology. Other may invest only in startups that help create future markets regardless of the niche they activate in.
Before contacting a VC firm, make sure you are in their area of interest, so you don’t waste time and get no results.
•How will you use the invested capital?
Be prepared to back your answer with metrics and timelines. You should have a solid plan, including the multiple aspects of a business (marketing costs, operational costs, administrative expenses, cash flow etcaetera) and burn rate – so the investor will know if and when you need a new round of capital.
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