How does business funding work?
There are certain requirements the Banks normally require before approval(traditionally)
They normally look for the age of the LLC, S-Corp And C-corp. Typically 3 years of age and how much money is the business making a month or annually.
If you don't have any of that and you're looking to get business funding using the aforementioned above. Below are the requirements they look for.
Personal Credit Score 680+ is ok but 750+ gets you better limits and rates
highest credit card limit on your personal credit. Banks want to know if you can handle the amount of money you're requesting from them, if you only have $1k in your personal credit chances are the banks won't approve you for a higher limit you're asking for
Credit card limits that have been in your possession for more than 5 years, with on time payments.
No charged-offs and collections
No more than 2 inquiries per 12 months
Employment verification, If you're using your LLC and want to get business credit cards to start a business, they will need to know how will you pay the cards/loans off.
Debt to Income Ratio, this determines after everything you pay off on your personal they want to know if you're barely going to make a payment or wont be able to make a payment.
If you're an Amazon seller, Small Business owner, Start up and Real Estate investor.
You may qualify for business funding up to $250k business credit cards with 0% interest and or Business Loans up to $350k
What wealthy people normally do, to make themselves even more wealthy is by using other peoples money. How do they do that? Do they just start a gofundme or borrow from friends and relatives?
Without using their personal credit cards or own money, is they borrow money from Financial institutions and they put that money to work on real estate, investments, startups and any other business you can think of.
Imagine this, they borrow up $150k and from that loan they made $250k whatever the difference is the money for them to keep and pay back the loan.
This isn't a new way of making money, matter of fact many savvy business owners use this tactic to make more money. Unless you're creating a world changing product or innovative technology, you will need wealthy investors who believes your vision why not.
We're talking about people who want to start. People that want to start their own business or don't want to be working for someone anymore or they outgrew just having a job.
To do this, all you need to have is a couple of requirements that lenders will ask for such as, your credit score or employment and LLC, S-corp and C-corp and the ability to pay the loan off.
So if you're ready to start and think you have all the requirements click on this link to get started
Looking to start your business?
We specialize in Business Credit Cards & Loans, having relationships with more than 20+ banks
Amazon Sellers
Real Estate
Start ups
Small Business
Investments
And more...
Our services
Results may vary per person and or Business based on their credit profile as to it will play a major factor of the decision making process of the banks.
Business Credit Cards 0% Interest
If you're credit score is around 680+ you may qualify for up to $150k-$250k business credit cards 0% interest
Real Estate
If you're trying purchase your first home or want to expand your Real Estate Portfolio even further we got you.
You have the idea, let us support you into making into a reality.
Start ups
Personal Loans
Business Loans
You may qualify up to $250k business loans with no collateral and without using your personal credit to get approved.
Revolving Lines of credit
building a Solid credit foundation is a must if you want to get approved for higher credit limits on personal & business
And More
If you have an emergency loan or whatever it is you need to use the money for, we can help you out with personal loans.
If you're ready to get started click on this link and it will take you to the application form
FAQS
Q: How long does it take to get a loan approved?
A: Loan approval times can vary depending on the type of loan, the completeness of your application, and other factors. Generally, you can expect a decision within 5 business days after we receive all necessary documentation
Q: What documents do I need to provide?
A: Usually, you'll need proof of identity, proof of income, and financial statements. Depending on the type of loan, other documentation may be required. Your advisor can discuss this further with you.
Q: I don't have a business, can I still get funding?
A: Yes, We will walk you through how to properly setup a business, and then begin the business funding process.
Q: Can I secure funding with just an EIN?
A: Yes, but to secure higher limits and 0% interest terms, you will need to have solid credit profile, 680+ to start.
Q: Is my personal information secure?
A: Absolutely. We use the latest encryption technology to ensure that all your personal and financial information is safe and secure.
Q: How much funding can I secure?
A: Any amount you qualify for, Results may vary depending on the client's credit profile. We do not guarantee an exact amount for the total amount funded. In most cases for startup funding. eligible clients receive between $50,000 and $150,000 in their first round of funding and up to $150,000 to $350,000 after the additional rounds of funding. The amount of funding obtained is based on personal and business credit worthiness.
Q: How is my eligibility determined?
A: Loan eligibility is determined by a number of factors, including your credit score, income, employment status, and the amount of debt you currently have. We use these details to assess your ability to repay the loan.
Q: What are the revolving lines of credit you offer?
A: Establishing a solid credit foundation is determined by your payment history if it has lates or cards being paid off fully. We offer a variety of personal & business Tradelines. that'll help your business go to the next level.