Business Credit

YOU WANT TO GROW YOUR BUSINESS, BUT YOU DON'T KNOW WHERE TO START

THAT’S WHERE WE COME IN

We help businesses like yours improve their credit scores and build business credit so you can get the loans and partnerships you need to take your company to the next level.

HOW DOES YOUR BUSINESS CREDIT SCORE AFFECT YOUR ABILITY TO GROW?

If you’re a small business owner, you must understand how your credit score affects your ability to grow.

If your business has bad credit, it can be difficult for you to secure loans and expand your company. We help businesses of all sizes improve their credit scores and expand their operations to help them grow.

You may think that your business credit scores are not important, but they can have a big impact on your ability to do business. Your business credit score is based on the information in your credit report, which is compiled by one or more of the three major credit reporting agencies: Equifax, Experian, and TransUnion.

How well your business pays its bills directly affects the health of your company’s credit report. If you have bad debt, it will show up as delinquent accounts on your company’s financial statements. The number and dollar amount of these delinquencies will also be reported to one or more of the three major credit reporting agencies. When you fail to pay a bill by its due date, the creditor will send a notice to all three credit bureaus permitting them to report that late payment to their respective databases. This late payment will stay on your report for seven years from when it was first recorded.

If you fail to pay a bill within 60 days after it becomes past due (e.g., if you receive a bill dated April 1st and you don’t pay until May 15th), then that unpaid debt will be considered “30-day past

If your business has been turned down for loans or financing because of low credit scores, Carter Cole & Associates is here to help. We work with lenders to help businesses like yours achieve their financial goals by developing a customized plan that includes improving your business credit scores.

WE’VE HELPED THOUSANDS BUSINESSES ACROSS THE COUNTRY TO SUCCEED IN A COMPETITIVE LANDSCAPE

You will receive easy-to-follow training and customized coaching based on your industry and goals, plus access to over $100,000 in success tools and materials.

The online Business Success System walks you through every step of business start-up or expansion—and its FREE CONSULTATION if you’re invited to join us

Choose A Plan

Let’s work together to challenge credit report errors and optimize your scores. If you are ready to take action, we are ready to help!

ONE TIME PLAN

$2,500

597.00 in 5 monthly installments

Strong Build Out Profile

– Fundability
– 411 credibility listing Set-up
– EIN and Entity Set Up Assistance
– Business Name , Credibility , BMV’ , merchant account set up assistance
– Business Address Set-Up
– Credibility Check
– 1 Page Website and email Set-up
– Business phone credibility check
– Set up Duns, Nav Experian & Equifax
– Access, High Limit Store Credit cards
– Access high limit fleet credit cards
– Access high limit cash credit cards
– Exclusive Access to Starter Vendors

MONTHLY PLAN

5 Monthly Payment of

$597.00

soloprenur

TO SECURE TRUE BUSINESS ONLY BANK AND CASH CREDIT CARD FINANCING YOUR BUSINESS MUST HAVE AND MAINTAIN:

1. At Least 10 Reporting Business Credit Trade-Lines.
2. Business Credit Scores Of 70 Or Above With All Three Agencies.
3. All Twenty (20) Items Of Lender Compliance Completed.
4. A Minimum Business Bank Account Rating Of A “Low 5”.
5. Established Comparable Credit To The Amount Requested.
6. A Business Entity Type Llc Or Inc, Not Sole Prop Or Partner.
7. A Verifiable Business Presence; Local, National, And 411.

20 ITEMS OF LENDER COMPLIANCE WILL GET YOUR BUSINESS VIEWED AS A HIGH RISK OF DEFAULT IF NOT COMPLETED. SOME OF THOSE ARE:

Not Having A Business Entity Either LLC Or INC.
Operating From A Non-Business Location (Home Or PO Box)
Operating Solely From A Listed Cell Phone Number.
Operating From A Free Email Account, @Gmail, Yahoo, Etc.
Not Having A Business Website And Local Directory Listings.
Not Having Open Business Credit Reporting Files With All 3 Agencies.
And 14 More Items That Are Easily And Often Overlooked.

YOUR BUSINESS NEEDS TO HAVE 70 OR HIGHER SCORES WITH ALL THREE MAJOR BUSINESS CREDIT REPORTING AGENCIES. TO DO THAT YOU NEED TO MAKE SURE THAT YOUR BUSINESS:

Is Listed Correctly With All 3 Major Agencies.
Has At Least 10 Credit Reporting Trade Lines.
Has At Least 3 Credit Reporting Revolving Accounts.
Has At Least 2 Credit Reporting Installment Accounts.
Pays All Its Credit Accounts At Least 10 Days Before Due.
Verifies That All Creditors Are Reporting On Legal Name.
Has All 20 Items Of Lender Compliance Completed.

HAVING ONGOING ACCESS TO BUSINESS FINANCING IS ALL ABOUT ATTENTION TO DETAIL AND MAINTAINING IN GOOD ORDER ALL THE THINGS BUSINESS LENDERS WILL LOOK AT FOR APPROVAL. SOME OF THOSE KEY ELEMENTS ARE:

Having All 20 Items Of Lender Compliance Completed At All Times.
Maintaining Business Credit Scores With All 3 Agencies At 70 Or Above.
Keeping Your Business Entity And EIN Tax Status In Good Standing.
Maintaining Your Business Presence With Website, Local Listings, And 411.
Obtaining And Maintaining A Minimum Of 10 Reporting Credit Trade Lines.
Having The Owner’s Personal Credit Scores Stay Above 70 FICO 8.
Keeping Your Business Bank Rating All Times At A Low 5 Or Higher.

OBTAINING CASH TYPE BUSINESS CREDIT CARDS
WHEN SEEKING CASH-TYPE BUSINESS CREDIT CARDS (VISA, MASTERCARD, DISCOVER, AMEX) IT IS IMPORTANT TO REALIZE THAT THESE WILL BE PERSONALLY GUARANTEED BY THE BUSINESS OWNERS AND AS SUCH BASED MAINLY ON THE BUSINESS OWNER’S CREDIT. THE GENERAL APPROVAL GUIDELINES FOR BUSINESS CREDIT CARDS ARE:

FICO Credit Scores Generally
In The 70 And Up Range.
Having At Least One Aged
Revolving Account Of $5,000 Or More.
Having Revolving Balance To
Limit Of No More Than 45% Per Account.
Having A Stated Income Of At
Least $50,000/Yr ($150,000+/Yr Optimal).
Having A Current Debt To
Income Ratio Of No More Than 40%.
Having No More Than 3 Recent
Credit Inquiries In Last 90 Days.
Having No Open Late,
Collections, Judgments, Or Public Records.

PAYING ANY BUSINESS BILLS WITH CREDIT CARDS

As A Business Owner Did You Know That You Can Pay Any Bill With Your Business Credit Cards Just Like You Would Use Cash? That Means You Can Pay Contractors, Payroll, Rent, Utilities, Vendors, Inventory, Etc. With The Business Credit Cards That We, Will Help You Obtain.

As A Business Success System Member Not Only Will We Help You Obtain Financing And Business Credit Cards But We Will Also Provide You With Services That Will Let You Use Your Business Credit Cards To Pay Any Of Your Business Bills. It Is Rarely Just One Loan

As A Business Owner, It Is Natural To Say “I Need $200,000 In Financing”, When In Reality Finding A Single Lender Who Will Lend $200,000 Is Extremely Difficult, Makes Your Chances Of Qualifying Much Smaller, And Places Much More Risk On That Single Lender. The Better Question Is “What Do You Need The Money For” Which Then Allows For The Method Of Funding To Be Broken Down Into Segments.

For example;

$50,000 In A Credit Union Term Loan That Is Easy To Qualify For.
$50,000 Spread Over 5 Or 6 Credit Cards That Are Easy To Qualify For.
$50,000 In Equipment Financing That Is Also Easy To Qualify For,
And $50,000 In Vendor Financing For Needed Products & Services.

In This Example, The End Result Is The Same $200,000 That You Wanted And In A Form That Is Much Easier To Qualify For With A Very High Probability Of Approval. For The Lenders Their Risks Are Much Smaller And Therefore Their Approval Guidelines Are Much Lower, And Their Terms More Liberal.

800-599-2880