Getting Business Credit For Homebased Business

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!