Come learn Gboogie’sNo Money Down Credit system. Learn how to build business credit with little or no money. The same tactics lawyers and Cpa’s charge thousands for. Get membership and a ton of free products. All this and more june 12,2010 4:30(est). For a discount click here . For more great Business credit information from the King of Business Credit visit http://gboogie.net/default.aspx
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!
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.
While microcredit loans first originated in the Third World as a way to help launch small businesses thousands of American entrepreneurs are finding it as the alternative solution to traditional lending.
Many of the micro lenders, which are mostly non profits, receive the bulk of its funds from the Small Business Administration.
In order for these micro lenders (intermediaries) to loan money to micro borrowers there are specific funding and training guidelines set by the SBA.
One of the reasons why this funding option has become so attractive to entrepreneurs is because it’s less difficult and time intensive to qualify for this small loan which ranges from $500 to as high as $35k compared to the traditional lending route.
This new age of micro loans for small business offers a variety of special benefits that I’ve broken down for you into the following:
The SBA requires that intermediary lenders provide business training and technical support to its borrowers. This educational component that micro borrowers will need to complete before the application is accepted is a step in the right direction.
By adding sound business training and planning more start ups can avoid making costly mistakes resulting in successful loan repayments and building a solid credit history in the process.
Flexible Requirements
Another area that makes these microcredit loans so attractive is the flexible guidelines for loan approvals. While many lenders are unwilling to approve a loan unless you have pristine credit, business history and sufficient collateral micro lenders take other factors into consideration.
This may include personal collateral and a personal guarantee but what truly separates micro lenders from traditional lenders is the personal character component. Micro lenders take a more hands on approach with their borrowers and go so far as to even contact personal references.
Building Credit
Microfinance loans also provide a way for small business owners to build or rebuild personal credit history and raise credit scores. Many applicants have little to no credit history and do not have the collateral that typical businesses use to secure a loan like commercial real estate, accounts receivables or inventory.
As you make payments on your small loan the micro lender reports its payment experience with you to the credit bureaus. This builds positive credit history and increases your level of creditworthiness in the eyes of lenders.
Once a micro loan is paid in full then most micro borrowers are able to qualify for greater amounts of financing through traditional sources if they prefer.
Time
Time is of the essence especially if you are in need of funds for working capital. Waiting for a traditional loan backed by the SBA can take months where microfinance loans can take as little as 14 days to fund.?
Keep in mind that each micro lender has its own lending requirements and it handles its own approvals at a local level. You can find more information on SBA’s Guaranteed Loan Programs and a list of approved micro lenders nearest you at the SBA web site.
Some additional micro lenders you may want to consider reviewing are Accion, Kiva, Prosper, Zopa and Lending Club. Each of these lenders has its own requirements, lending limits and interest rates so take the times to review which one best fits your needs and comfort level.
The recent economic crisis created a huge demand for this new age of finance called micro lending. With the SBA stepping up to the plate and allocating $50 million in funding for its micro loan program it’s no surprise that this financing option is going mainstream.
Whether you’re just beginning your first business venture or need the working capital for an existing business, this small loan may just be the solution you’ve been looking for. http://gboogie.net/default.aspx
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
Everyone has always been fascinated withe the concept of no money down real estate. So called gurus from dave del dotto (from the early 90’s) to carleton sheets, to russ whitney have all had successful creative real estate financing material. The one that always stood out the most was the no money down information. The concept is definitely a valid one and is practiced everyday even by millionaires. It actually applies to more than just real estate. In this short blog type format, i will attempt to explain it. The best way to describe “no money down” from the correct perspective would be to consider your self as a broker. You have no money to invest in, or purchase the property yourself. Your job is to bring to parties together and make a finder’s fee. That what contract flipping is. The purchase price of the property never matters. Your job is to simply negotiate the best price and terms(if possible), and to have a ready made list of potential buyers to shop it to. To make sure it is not sold out from under you, you use a contract. The contract will state how long you have to make the deal. It keeps others from being able to purchase the property unless they buy it from you. There are always signs everywhere that say “We buy houses”. It is very easy to put together a buyers list from the local investors in your area. It takes some time and experience to recognize a good deal, but sometimes you run across properties that are obviously a good deal. If shopped to the right investor, it will give you your start towards stock piling cash to go it alone without investors. In this economy, the best deals are found in rural areas outside your city limits. As the population grows along with the economy, Counties begin to annex these properties(making them apart of the city to supply the city with more tax dollars) Increasing the value. There are many different way to construct a no money down deal. Just always remember, its about creating a win win situation for all. I will leave it on this note for those that still dont understand. If you were selling a $100,000 luxury automobile and i cam up to you and said…”I will give you $100k in 3 days as long as you take this $100 for now and sign this contract saying that i have exclusive sale rights for those 3 days….I will even give you an out clause that says i will give up my right if you find a buyer and all i want is $200 for my troubles….? What would you do??
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