I get this question a lot. Can I get business credit if I am a home business? The answer is yes. Home Based Businesses can receive credit as any other business. It is a little more difficult to get the type of limits that a Business that is operating out of an office. The trick is making sure that your business is set up correctly from the start. Also being in the right industry. For instance, if you are in the operating a real estate business from home the chances are you may not get approved for as much credit. Verses operating a solar company from home. The fact that real estate market crashed and all the fraud that went on hardly any company will lend money/credit without collateral. It’s all about your industry and your file.
Another myth is that if you have a paydex score of 80 you can get funding.Again it is about your file and industry. If you have a paydex score of 80 with an empty file you will not get credit. Meaning a file with an 80 paydex with no taxes,bank account,payment history,assets,or any third-party verifiable information. The days of 3 net thirties and boom 5000.00 credit limit has been over for a while. Anybody promising this is probably scamming or using out dated information.
Now if you have a home base business and would like to learn how to get funding I know a place where you can go. The information is current and up to date. His name is Gboogie and the website is http://gboogie.net/default.aspx . They don’t do for you but there is step by step instructions on how to set up your business and credit file. Whether a home base business,startup,or established business. If you would like a discount on membership click here. It is a lifetime membership and you get all the products free for life.I have been doing business credit for 10 years and the information and tactics he provides are priceless. It used to be free membership until some of the people began abusing the information. But it is still very affordable at $55. Far cry from a $5000.00 boot camp and half the information. But with that said feel free to comment on this blog and I will answer any questions you may have. Until the next time fellow business men and women!
The weirdest thing happened the other day. One of my people found a post on creditboards where the resident “know it all”(greywolf) called my youtube videos annoying. I found that very funny. The thing with these so-called gurus is that none of them do this for a living. They take a scenario that worked for them way back when and pretend to be experts on the subject. When in reality they are scam artists. Question… If you don’t build and sell shelf corporations for a living, how(or why)would you just hang around a blog all day to make yourself feel important?. These are the types of people who have nothing to do all day but criticize. If you don’t build corps all day long how would you know what works and what doesn’t? How would you know what tiers go where and so on? I guess based on everyone else’s input huh? What reason would you have to still be hanging around? Well i have an idea. Some people need an external source of self-worth. Instead of investigating the info so you can give your readers something positive people like that immediately shoot it down. It kills me to read things like..”well this is what i just got approved for”. I’m like…”why would you need all of these corps?” Besides all of that, that’s not even your website that you’re riding so hard. Get off of creditboards teabags and get your own site. Anyway…i gues im through venting, it’s just so easy to tell when people don’t know anything. The guy acknowledged that he say my videos. Why would a business credit “expert” be looking at my videos? Why would he be searching the internet for info if he already knows everything? this is very puzzling. I never search the web for information on how to build business credit because i already know how. I get sent links from associates every time they see my name mentioned somewhere. Thats the only time i even entertain what was said. besides that….i have too much to do like actually building corps and showing others how to do it. SO….. This is a request for anyone who has gotten any useful information from our youtube videos,ustream videos,mogulus(livestream)videos,stickam videos, or the videos or ebooks from our website. Go to creditboards and let everyone know this. After viewing our information, please go there and view theirs(if you can find anything relevent). Leave a post with our website name and let people know where they can go to learn a little bit more(assuming they learned anything from there). I think information should be available to everyone and one know it all(greywolf) should not stop people from being successful because of an ego problem. Thanks im sure this will help everyone. For everyone that goes over there and leaves a post. If you send us the posted link we will give you a special discount on membership.
Most people think that when you get a Paydex score of 80 you can get approved for credit. This is far from true. receiving credit for your business involves more tan and 80 paydex score. It has to do with your file as a whole. A paydex is just a small piece of the puzzle. Your file has to do with your financial risk score,industry,how lendable that industry is and several other things. For example if you are in the industry of real estate you will probably not qualify as easy for credit. This industry is high risk right now because of the whole subprime mortgage scandal. With that example you can get a picture of what I mean.
So this is why building a strong business credit file is important; regardless of industry. But it is a good idea to stay away from high risk industries. This can be googled out. Also you can pull your file not your dun and Bradstreet update to take a look at the dollar amount that the credit Agencies says you qualify for. Hope this clears up the myth of the 80 paydex. For information on how to build up your file correctly and more business credit products visit http://gboogie.net/default.aspx . Gboogie the King of Business Credit will help you for an affordable price.
At first glance im sure this may seem like some sort of scam. Just like the real estate guy on tv, there is always some kind of catch. Well not this time. This technique has been proven time and again and still works to this day. This method is strictly for the destitute. Anyone may use it, but it involves absolutely no money at all. To actually start a corporation from scratch and pyramid your way into revolving accounts without partners,or borrowing money from friends is a major feat. But then you ask, “how can you start a corporation if you have no money?”. “How will you pay for your trade line orders?”. These are the types of questions that are answered in this video. A dash of all techniques combined into one play a part in this method(fool proof,timing,aging). For those who may want access to the members area but do not have the ability to join, we are offering different aspects independently to the public starting with the oldest in our arsenal; Building business credit starting with no money at all. this package comes with 3 videos(the original two,and a recently updated version 1hr 47min long),an ebook,and the password to the file that contains the information on reporting trades for businesses and consumers. The elusive links and contact information that is necessary to set your business up to submit credit experiences for all 4 major credit bureaus. If you at any time decide to become a member, you only need pay the difference between this product and the membership price. This has been done in an attempt to make the information more affordable to the public during a recession. There is also an even newer update coming May 22,2010
There is a serious myth floating around the internet concerning the dun and bradstreet paydex score, and business credit. For some reason there are websites helping to perpetuate this myth. I get asked questions everyday about what to do once you get a paydex score. The paydex score is mostly for the public. Its a false sense of security when it comes to business credit. A paydex score simplymeans that you have successfully made 3 business transactions that were recorded and placed on your report. Even if these were 3 cash purchases you would still get a paydex score. It does not speak for your company’s lendability at all. When wondering whether or not your company is ready to move past the net account phase you must consider other variables. You must pull your credit report and look at the suggested credit limit that the bureau has asessed for you. You must look at the other scores that make up your report other than the paydex. There is a score based on what industry you are in. its calculated based on other businesses in the same field as well as their success rate. There are scores based on your financials,assets,and employees. inquiries are also calculated in. In short there are many other variables to consider and the paydex score isnt one of them. See more at gboogie.net
Along with other myths out there, people are told that aged shelf corps will help to solve their funding problems.At one point in time(long ago)that was the case. In most cases these corps were not set up properly for the purpose of credit just age. It looks much worse to posess a 10 year old corp that has no buisness financials nor filed any taxes or hired any employees. there is no sound lendability there. There isnt even a real reason to even consider funding. This is the way most of these companies structure there shelf coporations. When buying a shelf corporation, make sure that is at least appears to be a functioning company.Lenders will look at previous business activity as well as a wide variety of factors. They will look for the number of employees and check to see if you have submitted any past witholdings to the IRS. In short, buying a simple shelf corp with age just wont cut it. Even if it has some credit attached.
Business Credit is not dead. Businesses are still getting credit and banks are still giving loans. The problem is that you have to get your file together. It is much more to business credit than a paydex score. Here at www.gboogie.net we pride ourselves on being able to provide this information at an affordable price. Lower than any other program by far. We used to give it away for free. But some of the people began abusing the information and misusing the tactics taught. But with that being said we have a new program. We will now help you put together a business credit plan for your industry and your budget. All this and a membership to www.gboogie.net. You can check out the free videos on the bottom of the page. Listen to the free information then make a decision on the rest. All of our products are affordable for people who need the information but can’t afford a $1000 business boot camp. Hope this new business credit plan works for you. Till then please visit the site and get the free information if you need it. www.gboogie.net
Gboogie.net has always been the leading force of business credit information. With almost 200 videos devoted to the subject. The difference between these so called credit gurus and us is the fact that we actually give you the information. There are no large production values in any of these videos. Just a regular guy, that has a totally different livelyhood, giving business credit advice for free. Our company primarily does business overseas as a “shelf corporation mill”. Many of our clients have questions as it may be their first go at this business credit stuff. Although they speak a different language, most of them understand english pretty well. Because of the enormous amount of offshore shelf corporations we produce each year, A massive amount of email customer support was required. We figured the best alternative to answering upwards of 20,000 emails a day we would just compile the most frequently asked, and make video response. We figured four or five videos would pretty much cover all of the commonly asked questions and drastically reduce the barrage of emails. We decided to use youtube because it was very user friendly, and gave the link to our foriegn partners and clients. Shortly after, for some strange reason the emails increased. More and more questions started to flood in. Many of our offshore partners have IBC’s(international business company)that operate in the us, so we figured maybe it was some of their clients. Not feeling like doing someone else CS work, we did some investigating and learned that these correspondences were coming from the youtube videos. We continued to answer them during our down time by making more videos. Some smart people, who had already had failing blogs or websites pertaining to this subject matter began to incorporate our free information into their own products. Most of the time not truly having a clue on how things work. So we decided to put up a website that broke down all of the information in a step by step format. We then released some information that we felt was kind of sensitive, and sure enough many took advantage of it and just ran for the quick buck. Never intending on paying anything back. This causes vendors to make quick policy changes, and affects the next honest business owner seeking credit. So we decided to keep the sensitive information separate from the general information. This will not keep all of the scammers away, but it will at least cut it down a little by charging $50. If not, all insider information we give away for free will slowly contribute to the demise of business credit. If you have been following any of our information you will notice we never over hype or try to over sell anything. Just by looking at the website, you can clearly see that this is not an attempt at e-coomerce. The naked truth is, we have information to share that we wish we could give away for free but have already seen the monsters that creates. This is why other websites charge so much money for their products. This is why they dont even give you any information until you pay. We are sure you have done your own research and have come to find that everyone is searching for new companies that report(if you can get credit at all with them). Our methods have nothing to do with that. In the members areawe show business owners how manipulate their own business credit reports without having to wait for d&b. In the members area we teach fool proof business credit. How to go around dun and bradstreet. How to use various agencies to age your business instantly. In the members area we teach how to use contracts and promissory notes to build business credit. We teach methods on how to build business creditstarting with no money at all. Imagine that. How does one start a corporation and build business credit without any money? These are the techniques we teach in the members area. We have on going live instructionals with screen sharing in the members area that are recorded just in case you miss the live session. Not to mention we have the best customer support in the business. Dont believe me? send an email to gboogieamerica@yahoo.com and clock the response time. 24 hours a day(we work overseas hours remember). All lectures and seminars are found in the members area. Members get access to free products,updates and seminars for life. Using the techiques we offer definitely leads to the results your are seeking. In these tough economic times vendors and lendors have tightened their belt tremendously. What individuals must understand is that during a credit crunch, lending is pulled back more so in the public sector. Meaning consumers will find it harder to acquire credit. The government as well as banks begin to concentrate the lending in the business sector. Because its the business owners that are laying off the workers. The government will always favor industry because our counrty is built on it, and without it we cannot survive as a nation. Why do you think they rush to save companies that either have the most money or the most employees. The fed must keep businesses going so they can continue to grow,expand,hire more employees, and pay more taxes. What we do here is show you what they like to see and how to get your business looking exactly like it. Well, Thanks for your time. Even you do not become a member, we appreciate you visiting our site. If you have learned anything from our videos, do us a favor. When you visit other business credit blogs or websites, please leave a link to our website http://gboogie.net and we will call it even.
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