Fast Business Credit Secrets

In order to be successful at your business it is important to develop funding options and not use all your own money. After all, every successful business never only uses their own money to grow their business. It is very important to understand the business credit profile of your business with the three business credit bureaus, Dun & Bradstreet®, Corporate Experian® and Corporate Equifax®. That puts your business in a position to access more funding. The best part is you do not have to do this on your own and make mistakes.  Fast Business Credit has programs to help you with the process. Here are your options and what to expect depending upon the stage of your business operations.

 Stage 1:  Start-Up to First Year

As a new start up business, your funding options may be limited. As a new start-up, your company does not have any business revenue yet. If your personal credit score is strong (over 700) and your revolving debt is below 50% some banks may give you a business credit card in the name of the business under the EIN number. That is important because the debt will not show up under your personal credit. This will help protect your personal credit score. This is important because your personal credit score will come into play with many types of funding options for your business which we will cover shortly.

A popular area for a start-up is the topic of crowd funding.  Here is a short review and some options for your business.

Crowd funding describes a collective cooperation, attention and trust by people who network and pool their money and other resources together, usually via the internet, to support efforts initiated by other people or organizations.

There are different types of crowd funding:

1. Pier to pier. In this situation you will post your project and people from the community who like your project will lend you the money unsecured. One factor affecting the amount of money youreceive is your personal credit score. This money you do have to pay back. One such site prosper.com will allow you to fund up to $25,000, lendingclub.com will allow up to $35,000. Interest rates at the lendingclub.com are lower than a traditional bank. It is also a place to receive a personal loan.
2. Project site. These crowd funding options has you select your project in which you need funding. You are asking the community to donate money. You do NOT have to pay them back. You do have to provide them with a reward or something of value. This might be one of your products once they are developed. The site will take a percentage of your funding. Kickstarter.com is one that is very popular and Indiegogo.com is another one that is more flexible with the type of projects and is an international funding platform.
3. Investor site. This is a site where investors (they must be accredited) will fund great ideas. You can pay a $100 fee and submit your business plan. Microventures.com is a top site in this group.

Here are some other funding options available to a start-up:

Read the rest…

Now that you’ve decided to start a business, you’ll want to take a positive step and form an LLC to protect your personal assets. Forming an LLC and starting your business off with a strong foundation (vs. a sole proprietorship) will be one of the most important decisions you will make when establishing a business entity.

If you’re in the beginning stages of forming your company, conduct some research about individual business structures and the pros and cons of each entity. An LLC is often the best option for small business owners. Do it right, and you’ll build the foundation for a successful business. Go about it the wrong way, and your LLC can cost you time, money, and most importantly, your livelihood.

Here are 6 common mistakes to avoid when forming your Limited Liability Company:

Read the rest…

Does your business need CAPITAL or CREDITABILITY? Or maybe both.

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Go here now for a special training with flexible registration times here: http://budurl.com/BizCreditTraining
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I don’t have to tell you that banking, financing and lending has changed dramatically over the last 12 months.

Did you know that the business credit bureaus have the power (without your knowledge) to evaluate your business which can lead to JV success or failure? Much less determine your ability to secure future financing?

To win any business credit game you must know the rules of the game.

I will be conducting my most updated webinar to share with you EXACTLY how your business may qualify for lines of credit, credit cards, equipment financing, working capital to grow (and all the stuff -really crap- that does not work-and there is a lot of it out there).

Are you getting other companies to promote your business? Are you losing bids, jobs and clients?  Did you consider the following may be a major reason for that…

How does your business appears to other JV partners? Does your business appear CREDITABLE or FINANCIALLY NAKED?

Most business I have found, even if they have been in business for 5,7, 10 years or longer, are still FINANCIALLY NAKED according to the business credit bureaus.

On this newly updated webinar, I will give you the resources, solutions and what is possible for your business (no magic dust here) just straight facts!

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You can check out the details and flexible registration times here:
http://budurl.com/BizCreditTraining
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Even if you business is doing very well…the time to build your credibility with larger companies and organizations is when things are going well…not when it is too late.

If your business has suffered or is barely hanging on, understanding what your options REALLY ARE…not the B.S. claims all over the internet… is the best option to help you move forward.
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Register your seat now at (there are a few days and times to choose from): http://budurl.com/BizCreditTraining
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Dedicated to Your Success,

Scott Letourneau
CEO

Nevada Corporate Planners, Inc.
Fast Start to Profits™!

7477 W. Lake Mead Blvd. Ste. 170
Las Vegas, NV 89128
(888)627-7007; (702)367-7373
(702)367-7373   Ext. 1103
Fax: 702-220-6444
www.nvinc.com
www.FastBusinessCredit.com

If you want to start a business, it’s imperative to safeguard it against failure. If you know the mistakes to avoid before you start your company, you’ll increase your odds for success.

Many business owners are so enthusiastic to get started that they fail to understand the risks involved when starting a business. Although a high percentage of new businesses fail within the first three to five years, you can be one of the fortunate ones and beat the odds.

Here are the five costly mistakes to avoid when starting a new business:

Read the rest…

For years, Delaware has been considered to be the prime state to incorporate and still holds the number one position for registered corporations. However, what you may not know is that Nevada has become the choice of many business owners who want to form a corporation and has been closing the gap to number of filings with Delaware in recent years. Before considering your options, you should know the advantages you’ll gain if you start a business and incorporate in Nevada.

Read the rest…