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	<title>Fast Business Credit Secrets &#187; Bank Lines of Credit</title>
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	<link>http://fastbusinesscreditsecrets.com</link>
	<description>The Credit Resource</description>
	<lastBuildDate>Tue, 24 Aug 2010 22:58:27 +0000</lastBuildDate>
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		<title>Scott Letourneau&#8217;s Exclusive Interview&#8217;s with Ibank Founder Tom Markel</title>
		<link>http://fastbusinesscreditsecrets.com/businesscredit/scott-letourneaus-exclusive-interviews-ibank-founder-tom-markel/</link>
		<comments>http://fastbusinesscreditsecrets.com/businesscredit/scott-letourneaus-exclusive-interviews-ibank-founder-tom-markel/#comments</comments>
		<pubDate>Wed, 14 Jul 2010 22:33:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business Credit]]></category>
		<category><![CDATA[Business Financing]]></category>
		<category><![CDATA[Starting a Business]]></category>
		<category><![CDATA[Bank Lines of Credit]]></category>
		<category><![CDATA[Cash Lines]]></category>
		<category><![CDATA[D & B®]]></category>
		<category><![CDATA[Dun & Bradstreet®]]></category>
		<category><![CDATA[Ibank]]></category>
		<category><![CDATA[Scott Letourneau]]></category>
		<category><![CDATA[Small Business Loans]]></category>
		<category><![CDATA[Tom Markel]]></category>

		<guid isPermaLink="false">http://fastbusinesscreditsecrets.com/?p=177</guid>
		<description><![CDATA[I wanted to give you direct access to my incredible interview with America&#8217;s  #1 Online Small Business Financial Network Founder Tom Markel.

The interview is a little over one hour and is filled with wisdom,  insights and ideas on how your small business can gain access to money,  investors in today’s economy.
Tom is [...]]]></description>
			<content:encoded><![CDATA[<p>I wanted to give you <strong>direct access to my incredible interview </strong>with <strong>America&#8217;s  #1 Online Small Business Financial Network Founder Tom Markel</strong>.</p>
<p><span id="more-177"></span></p>
<p>The interview is a little over one hour and is filled with wisdom,  <strong>insights and ideas on how your small business can gain access to money,  investors in today’s economy.</strong></p>
<p><strong>Tom is an  expert</strong>, in fact, 1995, founded the largest mortgage REIT on the  American Stock Exchange (&#8221;IMH&#8221;). <strong>The REIT grew to more than $1.7 billion in  assets!<br />
</strong><br />
He knows what he is talking about.</p>
<p>Plus  he is a great guy that will inspire you to live your dreams.</p>
<p>**********************************<br />
Go  to <a href="http://budurl.com/FindaLenderNow">http://budurl.com/FindaLenderNow</a><br />
to download the MP3 on my exclusive interview<br />
(there is no  opt in and no fee).<br />
**********************************</p>
<p>If  you <strong>need immediate financial support</strong> for yoru business you can  go to the upper right hand corner on our blog and there is a box that says,  <strong>“Find a Lender”. </strong></p>
<p><strong><br />
</strong> It will you take only 5-10 minutes to go through  that process, you will be fitted with the best lenders in the U.S. and have  resources within 24 hours or less (they will call you).</p>
<p>Dedicated to your  success!</p>
<p>Scott  Letourneau</p>
<p>CEO</p>
<p>P.S.  ************************************<br />
Go to <a href="http://budurl.com/FindaLenderNow">http://budurl.com/FindaLenderNow</a> to<br />
download the MP3 on my exclusive interview<br />
(there is no  opt in and no fee).<br />
***************************************</p>
<p>Nevada Corporate Planners, Inc.<br />
<strong><em>Fast Start to  Profits!</em></strong><br />
7477 W. Lake  Mead Blvd. Ste. 170<br />
Las Vegas,  NV 89128<br />
(888)627-7007; (702)367-7373  Ext. 1103<br />
Fax: (702)220-6444<br />
<a href="http://www.nvinc.com/">www.nvinc.com</a><br />
<a href="http://www.fastbusinesscredit.com/">www.FastBusinessCredit.com</a></p>
<p><strong>Visit our Blogs at:</strong><br />
<a href="http://www.fastbusinessstartup.com/">www.FastBusinessStartUp.com</a><br />
<a href="http://www.fastbusinesscreditsecrets.com/">www.FastBusinessCreditSecrets.com</a></p>
<p><a href="http://www.scottletourneau.com/">www.ScottLetourneau.com</a></p>
<p><strong>Follow  me on:</strong><br />
<a href="http://www.facebook.com/ScottLetourneau">www.Facebook.com/ScottLetourneau</a><br />
<a href="http://www.twitter.com/SJLetourneau">www.twitter.com/SJLetourneau</a></p>
<p><a href="http://www.youtube.com/ScottJLetourneau">http://www.youtube.com/ScottJLetourneau</a></p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		</item>
		<item>
		<title>Business Credit Solutions and Update Teleseminar June 22nd-One-Time Only</title>
		<link>http://fastbusinesscreditsecrets.com/businesscredit/business-credit-solutions-and-update-teleseminar-june-22nd-one-time-only/</link>
		<comments>http://fastbusinesscreditsecrets.com/businesscredit/business-credit-solutions-and-update-teleseminar-june-22nd-one-time-only/#comments</comments>
		<pubDate>Tue, 22 Jun 2010 05:47:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business Credit]]></category>
		<category><![CDATA[Dun and Bradstreet®]]></category>
		<category><![CDATA[Incorporation]]></category>
		<category><![CDATA[Bank Business Credit Cards]]></category>
		<category><![CDATA[Bank Lines of Credit]]></category>
		<category><![CDATA[Building Business Credit]]></category>
		<category><![CDATA[business credit]]></category>
		<category><![CDATA[Business Financing]]></category>
		<category><![CDATA[Business lines of credit]]></category>
		<category><![CDATA[Business start up]]></category>
		<category><![CDATA[D & B®]]></category>
		<category><![CDATA[Dun & Bradstreet®]]></category>
		<category><![CDATA[Experian]]></category>

		<guid isPermaLink="false">http://fastbusinesscreditsecrets.com/?p=156</guid>
		<description><![CDATA[Find Out What is Working and What  is NOT Working for Your Business to Secure Vendor and Cash Lines of Credit on  the Most Important Financial Teleseminar of the Year-Tuesday,  June 22nd at 4 pm  PDT-
with CEO, Scott  Letourneau! 

 

Dramatic Changes  with the Business Credit Bureaus has Changed How NCP [...]]]></description>
			<content:encoded><![CDATA[<p align="center"><strong>Find Out What is Working and What  is <span style="color: #ff0000;">NOT</span> Working for Your Business to Secure Vendor and Cash Lines of Credit on  the <span style="color: #0000ff;">Most Important Financial Teleseminar of the Year</span>-Tuesday,  June 22nd at 4 pm  PDT-<br />
with CEO, Scott  Letourneau! </strong></p>
<p><span id="more-156"></span></p>
<p><strong> </strong></p>
<p align="center"><strong><br />
<span style="color: #ff0000;">Dramatic Changes  with the Business Credit Bureaus</span> has Changed How NCP Sets up Entities. You will  Discover What You Must have in Place to Put Your Business in the Best Position  to Secure Vendor and Cash Lines of Credit. </strong></p>
<p align="center"><strong> </strong></p>
<p align="center"><strong><span style="color: #0000ff;">All  Business Credit Updates will be Revealed</span> in a <em>One-Time Only FREE<br />
Teleseminar </em>on June 22nd!</strong></p>
<p align="center"><strong> </strong></p>
<p align="center"><strong>You will Learn of Important Updates for  Business Credit Cards and Business Line of Credit and How to Secure More Capital  for Your Business!<br />
</strong></p>
<p align="left">Dear Business Owner,</p>
<p align="left">Recently, there has been some dramatic  changes in the business credit bureaus and other important updates with  financing games/scams to get small business owners involved in hype and hope  when their business desperately needs real support.</p>
<p><strong>Copy and  paste the URL below into your browser and select<br />
your enter key to  register for this powerful teleseminar<br />
(space is limited):  <a href="http://budurl.com/CreditUpdates">http://budurl.com/CreditUpdates</a></strong></p>
<p><strong><br />
</strong></p>
<p><strong>I will cut through  the BS</strong> and give you <strong>what is working on June  22nd</strong> in an hour packed FREE teleseminar to help you understand your  options to gain access to financing for your business (whether you are brand new  or have been in business for 10 years).</p>
<p align="center"><strong> </strong></p>
<p><strong>On this important teleseminar you’ll  learn:</strong></p>
<ul>
<li><strong>Updates by Corporate Experian®</strong> and what database they are developing reports on your company without your  knowledge (plus what you must do to position your business for the best  results).</li>
<li>When the <strong>merchant  account cash advance</strong> can put you out of business and when it may be  your only and best option.</li>
<li><strong>Low personal credit  score?</strong> Discover what your options are to get your business cash  fast!</li>
<li><strong>What is new with  banks?</strong> Are they really lending more money to small business  owners?</li>
<li>When <strong>NEVER to buy a  shelf corporation</strong>.</li>
<li>Is there such a thing as a  <strong>cash advance</strong> on your daily sales (less credit  cards)?</li>
<li>What is working with  <strong>using your retirement money</strong> for financing your small  business.</li>
<li>How many <strong>companies actually report to D &amp;  B</strong><strong>®</strong> and what are the odds your  vendors don&#8217;t and how to get around that.</li>
<li>Discover the power of a<strong> direct data feed</strong> to the business credit bureaus to <strong>build your  business credit profile</strong> in record time!</li>
<li>How your personal credit  score influences the bank’s decision to give you a line of  credit!</li>
<li>The importance of a  <strong>business compliance check BEFORE  you set up your D &amp; B® account!</strong> (What costly mistakes must you avoid?)</li>
<li>The <strong>difference between D &amp; B® and Experian</strong><strong>® </strong><strong>Business</strong> Credit, and what you must do differently to  maximize each!</li>
<li><strong>The biggest reasons that business owners fail to  obtain business lines of credit</strong> Only the most successful business  owners really accept full accountability, and this area is no different for  success</li>
<li>And much, much,  more….</li>
</ul>
<p><strong>Copy and  paste the URL below into your browser and select<br />
your enter key to  register for this powerful teleseminar<br />
(space is limited):  <a href="http://budurl.com/CreditUpdates">http://budurl.com/CreditUpdates</a></strong></p>
<p><strong><br />
</strong></p>
<p align="center"><strong>4 Critical Reasons to Separate Business  Credit (in your entity)<br />
from Your Personal Credit:</strong></p>
<p align="left"><strong>1. It is how your business will be evaluated  for business and joint ventures.</strong> You may be losing clients,  bids, vendors and joint ventures without even knowing about it. Why? The best  way to check out a companies financials is to invest $40-$130 with Dun and  Bradstreet®  to pull a report. This will tell you everything you need  to know about someone&#8217;s business. Most of you will NOT like what will be seen on  your report. FYI, an 80 Paydex score will not cut it.</p>
<p align="left"><strong>How do You Feel Standing Financially Naked in Front of Your  Customers? Now it may be time to fix that and put your &#8220;financial clothes&#8221; on. </strong></p>
<p align="left"><strong>2. Whether you like it or not, Corporate Experian®</strong> is NOW creating profiles on companies through  the SOS’s database on new filings. This means a profile is being created and you  do not know what it will say to your potential customers (unless you know how to  develop it properly).</p>
<p align="left"><strong>3. Develop vendor lines of credit to protect  your cash flow AND put your business in a better position to secure CASH LINES  of credit to grow your business.</strong> As you know the banks have  raised the bar dramatically on what is required to secure a bank line of credit  (one key component is the amount of vendor credit granted to your business-not  just an 80 Paydex score).</p>
<p align="left"><strong>4. You will protect your personal credit  (whether it is good or bad) from your new business.</strong> If your  personal credit is strong, you will want to minimize personal guarantees with  vendors that may jeoparize your personal credit plus develop cash lines of  credit in the name of the entity under the EIN number (yes, it is personally  guaranteed but the <strong>debt will not show up in your personal credit  bureaus</strong>-which will help protect your personal credit score.</p>
<p align="left">If you have a <strong>bad  personal credit score,</strong> you MUST develop your business credit profile to  put the business in a position to qualify for credit on its own!</p>
<p align="left"><strong>The Biggest  Mistake?</strong> <strong>Waiting</strong> to develop the business credit  profile <strong>until you need</strong> the vendor or cash lines of  <strong>credit</strong>. If your business is doing well and you feel you do NOT  need the credit, that is the best time to develop it.</p>
<p align="left"><strong>Avoid costly mistakes and discover  your best options on Tuesday June 22nd at 4 pm PDT! </strong></p>
<p><strong>Your Host: Scott Letourneau, CEO of Nevada  Corporate Planners, Inc. and Fast Business Credit, Inc. </strong> You  will learn from Scott’s diverse expertise and his comprehensive and ever-growing  list of powerful business resources.  These are the very elements that have  allowed his 5,000+ clients both domestic and abroad to incorporate their  business with confidence, &#8220;propelling their<br />
business on a fast track to  profits!”<br />
Scott has a BA in Finance,  and is the author of “The Insiders Guide to<br />
Incorporating Your Business and  Protecting Your Assets!” He is also a<br />
contributing author for the new book  from Entrepreneur Magazine’s<br />
Start Up series; “Start Your Own Information  Marketing Business – Your<br />
Step-by-Step Guide to Success.&#8221;<br />
<strong>Copy and  paste the URL below into your browser and select<br />
your enter key to  register for this powerful teleseminar<br />
(space is limited):  <a href="http://budurl.com/">http://budurl.com/</a><span style="text-decoration: underline;">CreditUpdates</span></strong></p>
<p><strong><br />
</strong></p>
<p align="left">
<p align="left">This may be the MOST IMPORTANT TELESEMINAR  of 2010 for your financial future. Register now at <a href="http://budurl.com/CreditUpdates"><strong>http://budurl.com/CreditUpdates</strong></a></p>
<p>Dedicated to Your  Success,</p>
<p>Scott Letourneau<br />
CEO<br />
ncp@nvinc.com</p>
<p>Nevada  Corporate Planners, Inc.<br />
Fast Start to Profits™!<br />
7477 W. Lake Mead Blvd.  Ste. 170<br />
Las Vegas, NV 89128<br />
(888)627-7007; (702)367-7373<br />
Fax:  702-220-6444<br />
<a href="http://www.nvinc.com/">www.nvinc.com</a><br />
<a href="http://www.fastbusinesscredit.com/">www.FastBusinessCredit.com</a></p>
<p>Visit our Blogs at:<br />
<a href="http://www.fastbusinessstartup.com/">www.FastBusinessStartUp.com</a><br />
<a href="http://www.fastbusinesscreditsecrets.com/">www.FastBusinessCreditSecrets.com</a><br />
<a href="http://www.scottletourneau.com/">www.ScottLetourneau.com</a></p>
<p>Follow our CEO Scott Letourneau on:<br />
<a href="http://www.facebook.com/ScottLetourneau">www.Facebook.com/ScottLetourneau</a><br />
<a href="http://www.twitter.com/SJLetourneau">www.twitter.com/SJLetourneau</a><br />
<a href="http://www.youtube.com/ScottJLetourneau">http://www.youtube.com/ScottJLetourneau</a></p>
<p>P.S. Register for  this <strong>one-time only June 22nd Teleseminar</strong> and discover the most  important business credit developments and updates at 4 pm PDT! <strong><br />
</strong><br />
<strong>Copy and  paste the URL below into your browser and select<br />
your enter key to  register for this powerful teleseminar<br />
(space is limited):  <a href="http://budurl.com/CreditUpdates">http://budurl.com/CreditUpdates</a></strong></p>
<p><strong><br />
</strong></p>
]]></content:encoded>
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		</item>
		<item>
		<title>Survival Tips for Securing Credit for Your Small Business</title>
		<link>http://fastbusinesscreditsecrets.com/businesscredit/survival-tips-for-securing-credit-for-your-small-business/</link>
		<comments>http://fastbusinesscreditsecrets.com/businesscredit/survival-tips-for-securing-credit-for-your-small-business/#comments</comments>
		<pubDate>Thu, 06 May 2010 23:07:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business Credit]]></category>
		<category><![CDATA[Dun and Bradstreet®]]></category>
		<category><![CDATA[Incorporation]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Bank Business Credit Cards]]></category>
		<category><![CDATA[Bank Lines of Credit]]></category>
		<category><![CDATA[Building Business Credit]]></category>
		<category><![CDATA[Business Capital]]></category>
		<category><![CDATA[business credit]]></category>
		<category><![CDATA[Business Financing]]></category>
		<category><![CDATA[Credit Report]]></category>
		<category><![CDATA[D & B®]]></category>
		<category><![CDATA[Dun & Bradstreet®]]></category>
		<category><![CDATA[Experian]]></category>
		<category><![CDATA[Home Based Business]]></category>

		<guid isPermaLink="false">http://fastbusinesscreditsecrets.com/?p=143</guid>
		<description><![CDATA[Today, the stock market plunged and may continue to do so with the heavy debt loads in Europe and other countries around the world. There may be another 1,000 bank failures in the U.S. over the next couple of years. Let’s be honest, it is only going to become more difficult to secure credit for [...]]]></description>
			<content:encoded><![CDATA[<p>Today, the <strong>stock market plunged</strong> and may continue to do so with the heavy debt loads in Europe and other countries around the world. There may be another <strong>1,000 bank failures in the U.S.</strong> over the next couple of years. Let’s be honest, it is only going to become more difficult to secure credit for your small business.</p>
<p><span id="more-143"></span></p>
<p>This is the ideal time (before it is too late) to really develop <strong>a business credit profile with your business</strong>. Hopefully, you have formed a separate legal entity and are not operating as a sole proprietorship. If you want to be in a position to secure credit, properly <strong>building your business credit</strong> over the next 4-6 months may be <strong>key to your small business surviva</strong>l.</p>
<p>You can now obtain an incredible resource for free, go to <strong><a href="http://www.fastbusinesscredit.com/">www.FastBusinessCredit.com</a> and download the 41 page report</strong> that will help your small business secure credit. Questions? <span style="color: #0000ff;"><strong>Call Fast Business Credit, Inc. today at 1-888-313-6333.</strong></span></p>
]]></content:encoded>
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		</item>
		<item>
		<title>The Master Implementation Guide to CA$H for Your Business!</title>
		<link>http://fastbusinesscreditsecrets.com/businesscredit/the-master-implementation-guide-to-cah-for-your-business/</link>
		<comments>http://fastbusinesscreditsecrets.com/businesscredit/the-master-implementation-guide-to-cah-for-your-business/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 18:19:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business Credit]]></category>
		<category><![CDATA[Dun and Bradstreet®]]></category>
		<category><![CDATA[Incorporation]]></category>
		<category><![CDATA[Merchant Accounts]]></category>
		<category><![CDATA[Personal Credit]]></category>
		<category><![CDATA[Starting a Business]]></category>
		<category><![CDATA[Bank Lines of Credit]]></category>
		<category><![CDATA[business credit]]></category>
		<category><![CDATA[Cash Advances]]></category>
		<category><![CDATA[D & B®]]></category>
		<category><![CDATA[Dun & Bradstreet®]]></category>
		<category><![CDATA[Home Based Business]]></category>
		<category><![CDATA[incorporating]]></category>

		<guid isPermaLink="false">http://fastbusinesscreditsecrets.com/?p=135</guid>
		<description><![CDATA[
Incorporate or form an LLC for your business! If you have not done this yet, call Nevada Corporate Planners, Inc. at 1-888-627-7007!
Stop using your personal credit cards to finance your business.
After you form your LLC or corporation for your business, apply for a business credit card in the name of the LLLC or corporation. 
Set [...]]]></description>
			<content:encoded><![CDATA[<ol>
<li><strong>Incorporate or form an LLC for your business!</strong> If you have not done this yet, call Nevada Corporate Planners, Inc. at 1-888-627-7007!</li>
<li><strong>Stop using your personal credit cards </strong>to finance your business.</li>
<li><strong>After you form your LLC or corporation for your business, apply for a business credit card in the name of the LLLC or corporation. </strong></li>
<li><strong>Set up a plan to pay down your personal revolving debt to the 5-20% range.</strong> Fist, develop a 8 month personal emergency fund.  If you require $6K per month to live personally that means you will need $48K in savings first for your personal emergency fund. After that, start to pay down your personal credit cards. Do not pay them off each month. You will improve your credit score by leaving a small balance of 5% each month.</li>
<li><strong>Set up a merchant account to accept credit cards for your business. </strong>For the best rates and service contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for a referral.</li>
<li><strong>Develop a D &amp; B® profile for the LLC or Corporation.</strong> We would recommend you do not do this on your and contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for options in this area.<span id="more-135"></span>
<ol>
<li>When you are on a program, vendors will report to both D &amp; B® and Corporate Experian® to build your credit profiles.</li>
<li>If your corporation or LLC is “fried” with D &amp; B® call Nevada Corporate Planners, Inc. at 1-888-627-7007 to consider forming a new entity.</li>
</ol>
</li>
<li>If you have been in business for at least 9 months and have at least $10K per month in VISA/MASTERCARD sales as a corporation or LLC you <strong>may qualify for a merchant account cash advance. </strong></li>
<li>If your personal credit score is over 720, and your personal revolving debt is below 30% ratio and your company has been in business for one year with profits, you may qualify for a bank business line of credit. You may receive up to 10-15% of your annual gross revenue. If you expect your sales to spike in the next 6 months and you need  the time to improve your personal credit and pay down your personal credit you may want to wait before applying.</li>
<li><strong>Set up your business each year to show a small profit at a minimum.</strong> The higher the profit the better for future financing. Do not make the effort to have extra expenses to show a small loss. That will hurt you later on for financing.</li>
</ol>
]]></content:encoded>
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		</item>
		<item>
		<title>The Business Credit Financing Ladder™ 	 Steps for Your Business to Access More Cash!</title>
		<link>http://fastbusinesscreditsecrets.com/businesscredit/the-business-credit-financing-ladder%e2%84%a2-steps-for-your-business-to-access-more-cash/</link>
		<comments>http://fastbusinesscreditsecrets.com/businesscredit/the-business-credit-financing-ladder%e2%84%a2-steps-for-your-business-to-access-more-cash/#comments</comments>
		<pubDate>Thu, 08 Oct 2009 01:47:32 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business Credit]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Bank Business Credit Cards]]></category>
		<category><![CDATA[Bank Lines of Credit]]></category>
		<category><![CDATA[business credit]]></category>
		<category><![CDATA[Business start up]]></category>
		<category><![CDATA[Cash Advances]]></category>
		<category><![CDATA[D & B®]]></category>

		<guid isPermaLink="false">http://fastbusinesscreditsecrets.com/?p=117</guid>
		<description><![CDATA[How does your business get money (without an investor)?
Most small businesses are self financed. According to SCORE (Counselors to America’s Small Businesses) there are two groups of businesses that are looking for financing: start-up business owners, and business owners that have been in business for on average three years. SCORE and SBA (Small Business Administration) [...]]]></description>
			<content:encoded><![CDATA[<p><strong>How does your business get money (without an investor)?</strong></p>
<p><strong>Most small businesses are self financed.</strong> According to SCORE (Counselors to America’s Small Businesses) there are two groups of businesses that are looking for financing: start-up business owners, and business owners that have been in business for on average three years. SCORE and SBA (Small Business Administration) focus on helping the second group. Unfortunately, there is very little help for the first group… until now.</p>
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<p>(Though in our recent meeting, SCORE expressed great excitement about our education program for small business owners and how banks lend money….)</p>
<p><strong>Why is financing so crucial to small business success?</strong> The number one reason small business owners go out of business is lack of cash flow. There are many situations leading up to that failure, the main one being inadequate capitalization and access to additional capitalization &#8212; key access to cash.</p>
<p>What steps must you take to move your business up the <strong>business credit financial ladder™</strong> in order to self finance your success?</p>
<p><strong>Step 1: Incorporate your business from Week One.</strong> Do not wait to “see what happens,” thinking that in three months, when you have more money, you can incorporate (or form an LLC). This mistake may actually cost you access to additional capital to run your business. Why? <strong>Two words:  revolving debt.</strong></p>
<p>When many people start a business, they primarily use their personal credit cards to finance the business.  Suppose you charge up your personal credit cards and your revolving debt (vs. installment debt, for example, the mortgage on your home).  You then incorporate or form an LLC for your business 3-6 months later, and apply for a simple business credit in the name of that entity.  It’s highly likely that you may be rejected, or be approved for a far lesser amount then you would have received had you incorporated in Week One.</p>
<p><strong>The key is to keep your revolving debt below 30% and incorporate your business,</strong> apply for a business credit card, and start using that credit to finance your business. Yes, it is personally guaranteed… but the debt will not show up on your personal credit report (unless you miss a payment, so do not do that!). Now you’ve put your business in a position to get off to a fast start and you’ve protected your personal revolving debt, which is a key component in any other type of financing you do in the future!</p>
<p><strong>Step 2: Set up a merchant account for your business.</strong> Very few businesses do not accept credit cards. They know that they must make it very, very easy for someone to do business with them. Why make it hard for your clients to buy from you?  This will come into play in about 6 months as an important lending source for your business, if necessary.</p>
<p><strong>Step 3: Do you need equipment for your business?</strong> Consider an equipment lease vs. using your cash to purchase.</p>
<p><strong>Step 4: Do you have vendors where larger credit lines would be helpful?</strong> This is usually not the case with home-based businesses or online businesses, where the overhead is very low. Usually a brick-and-mortar-type business requires vendor trade lines of credit with business supply stores, gas cards, and other vendors. Again, a $40,000 line of credit at a supply store is not going to help a home-based business. They need cash.  If this is the case, you will want to focus on a business credit program to develop your D &amp; B and Experian Business Rating initially.</p>
<p><strong>Step 5: Keep your revenues high, show a small profit each month if possible, control your personal spending, credit score</strong> (In other words don’t quit your day job before your business is up and running.)  Get yourself in a position 6 months to 1 year ahead of time for a business line of credit. If your personal credit score has issues, that should be addressed as you start the business in anticipation of future financing needs, 3-6 months from now.</p>
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