Archive for the ‘How to get corporate credit’ Category

Creditboards with Gboogie

May 25, 2010

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.

gboogieamerica@yahoo.com

Gboogie M.A.F.I.A.

May 2, 2010

People have seen this reference on the website and have many questions. It is basically a system set up to give talented people an opportunity to work from home. It is primarily for those who are unemployed and have computer access around the clock. The individual would have to be on call 24 hours of the day via yahoo instant messenger. The company structure is set up like the hollywood version of organized crime. That being so, it must be noted that all of our activities are totally legal. They are just set up as “rackets” to keep things fun. Most come in as soldiers and must complete certain tasks to get “bumped up”(promoted). This usually involves bringing in money for the family. Soldiers that display talent and skill, will be up for consideration to be “made”. This brings you into the fold for life. Being made means more income streams and a higher cut of the “take”. Whether it may be an existing income producing website or starting a fresh one. Family members also keep all of their residuals through out every step of the process. As they climb the ladder the work they put in from the beginning continues to come in. The family will accept new members until it grows to a total number of 50. Using this number because only a small percentage will actually take advantage of the opportunity(at least from our experience). We plan to maintain a solid inner family of 30 people nationwide. Others that are interested by dont have as much time to devote may be considered as “connected”. Capos are chosen to run “crews”. For example, A Capo would serve as middle management over several websites or businesses. He/she would probably have a favorite guy/girl that they micro manage to. Crews are kept small to ensure there is enough for everyone and not a dog eat dog atmosphere. This also helps to cut down on marketing overlap. To even be considered as a potential soldier one must have yahoo messenger and be available at anytime even if he/she forwards the messages to their phone. You must sign up for a free tradebit.com affiliate account(seller accounts cost $5). You would also have to register with tubemogul.com and all of the sites that they support individually(myspace,viddler,vheo,etc.). Lastly you would have to submit a photo of yourself for the family tree. You would have to send an instant message to gboogieamerica@yahoo.com to be added to the buddy list. Also be aware, If you intend on being an active participant your stats will be available for all to see. this will create a friendly in house competition and ensure that bonds grow over time. I write this only because i get emails for more information, so i hope this helps. As far as money and percentages. it varies by product and crew. Soldiers are sometimes also pick by geographical location to ensure that there is a member in every state. This guarantees nationwide distribution for whatever the family deals in, and ensure ite longevity. After that, we go country to country. lol

Business 2010 at www.gboogie.net

April 24, 2010

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

New One on One Business Credit

April 23, 2010

We are now offering a special one on one service That helps
to prevent common mistakes that new business owners may
make when trying to build a business credit profile. This also
in intended to help with the learning curve involved with this
new information. Most of our website visitors have been asking
for this service so we have decided to give it a test run. We will
only accept the first ten people who sign up in order for us to
determine what is a suitable work load. This helps prevent us
from having too many clients which would cut down on our ability
to give each individual the attention they need. This service also
comes with full lifetime membership.

How to get Corporate Credit with Courtesy of www.gboogie.net

April 23, 2010
 
BUSINESS BANK LOANS                                         
step by step.                                                                                                                

 When it comes to business bank loans or lines of credit, a good paper trail always wins out.
This page is here just to reiterate, and dig deeper into the subject. A lot of info will repeated from the business basics page.
Back to the lesson! After depositing the $600 into a competing bank account, we will need to purchase a 90 day CD from that bank in the amount of $500. Leaving $100 in cash. Some banks offer 30 day CDs, if you can find one that does that would be much better. The reason behind this is because after the CD matures the money will end up reunited with the cash in the first bank anyway. So with 30 day CDs we will have time to let at least two of them mature(one after the other) giving us extra equifax references.

I don’t know if any of you remember the old school credit repair trick. Where you open a bank account, apply for a loan secured by that bank account, and then repeat the process two more times. Well, this is actually still true with corporate bank loans. Most business owners want to know how to go about qualifying for unsecured bank loans. I can tell you that it will not happen overnight. It takes time, planning, and a budget of some sort to start with.

  For our example, lets say our time table is a strong 90 days. Our budget is $3000.00, and our goal is a modest $50,000 in unsecured lines of credit. Let us assume the business is incorporated, already has a land line phone, and a checking account with $3000 in it. The first thing we would need to do is open a savings account for the corporation as well. Making sure that no matter how small, regular deposits are made to the savings account over the next 90 days. The reason for this is, there must always be positive activity on a savings account to show that the business is at least saving something.

  We would then make sure that our business plan was so good, and well thought out that the bank might give us the money without any collateral. It must be detailed, and explain every step of the way how you plan to make the company successful. A lot of new corporations overlook this step. It cannot be a generic business plan template that was download off the internet. It must be a plan that you believe in and understand. This enables you to sell the bank on the idea.

  Next we will withdraw $1,500 from our corporate checking account leaving $1,500 remaining. Special note: make sure your bank gives short term secured loans before opening an account with them. some banks do not.

  It is also important to complete all the steps outlined on the business credit basics page. This will only increase, and strengthen your position.

  Now again, keep in mind this illustration is done with the understanding that all previous steps have already been taken. At this stage you should already have a decent d&b  file, as well as experian business. This will definitely be needed as your plan B. Keep all your receipts from net 30’s you have paid.  Keep all utility bills for your business in a separate file. Make sure you have all of your revolving account info in a separate file. Paperwork, and overkill are our key words to focus on here.

  With the remaining $1,500 left in the corporate checking account, we will purchase a 9 month CD(certificate of deposit) for the amount of $500.00. Leaving $1,000 remaining in the account. With the $1,500 we withdrew, we will open a second corporate account at a competing bank. The choice of the bank is very important. It must offer secured loans to business starting at $500.00. Some banks start at $1,000 as their minimum, so this is a key piece of information you must have. Once we locate an appropriate financial institution, we will deposit $600.00 into  a corporate checking account. That would leave us with $900.00 in hand. Special note: Always remember that you can pretty much borrow 80% more than what you have, any day of the week from the bank. But we want to get it up to 90%. Meaning: If Your corporation has very little bills, and $3,000 in cash. Your business will easily qualify for a $15,000 loan. But we want $30,000. How? Simple. It’s very similar to obtaining a mortgage. The general practice is, as long as you have 20% in cash, you are approved(this is just a general statement) . Whether it be in cash or assets. preferably cash or CDs. The difference here is there is no down payment, So our corporation must have at least $3,000 in the checking account for at least three months with deposits made regularly to that account. This shows that not only does the company have this money in the bank, but it is also steadily adding to it. Meaning we can repay our loan without having to touch that money. Even if we may actually have to.

  CDs Are needed for a couple of reasons(bonds are just as good). For one thing, they give us a financial track record. A large percentage of start-ups have no banking references on companies. Corporate checking accounts,saving accounts,insurance,401k’s,retirement account for corporations, auto leases. All of these leave a financial paper trail. Secondly CDs give us a little leveraging power. Our cash is now worth more than it was instantly. Not by a whole lot but still, every little bit counts.

  Ok! with the $500 CD in bank #2, we will apply for  a secured credit card backed by the CD four to five days later. We will leave the $100 alone for a little while.  I haven’t mentioned the corporate savings accounts for a reason. You can deposit whatever you can afford into them as long as you make regular deposits over the next two months.  Recap: $3,000, two corporate checking accounts,two corporate savings account,Two CDs,and a secured credit card.

G boogie