follow everyone and welcome to this levin are today
I'm glad everybody took our dated
I will How to Get Business Credit Cards Without Personal Guarantee !!! tried to give much value and information here
hours be possibly can same died Dec
and show how to get discredit no personal care
T so I still have a lot of people out there that think that you cannot get
credit
without personally care take some legal
state talk about what guarantees of what a personal guarantee
card printing companies released again here this time around all the time
peachy what is that me so we're going to dissect what a personal guarantee is
gonna look at companies that don't have personal guarantees
were gonna how the process exactly how to get credit without a purse
dirty even talk about some the source out there that will prove to you
revolving credit and the roadblocks running some have time
this requirements dull so good I didn't do that see you could see where you make
it stock
and you can also get some feedback where you can actually get on skype
so looking to spice up before we get too far law money's tight credit actually
director fists
credits what we'd do this help people build business credit to get financing
the best we actually help other companies of business credit financing
ask sir
cell I think we helped nearly 10,000 people
just over the last few years I have a lot of experience
and building this straight I see firsthand how these credit issues change
their standards
often and I'm able to actually sit with you today go through what's really going
on
has today into discredit world how you can really
accomplished getting destroyed security as in most my weather
must sell think it's gonna be and hour-long
information whether you're finding iTunes our podcast with here live during
our
it United sold any tickets our street information if you are at all interested
in getting discredit through us getting financing offering service
for two checks out of my car this week dot com forward slash
business credit its credits dot com forward slash discredit
you get an information about us
you there other than that let's go ahead let's jump in a good start a la Sep
jump into today so here's request the million dollar question
its really get this straight with
out a personal guarantee again I tried
my webinars seminars or live
its any might its around questions people are commonly ASCII
such by email regularly at checking you to comment
i cant honest feedback how turn a lot of questions in this
still want the question out there is killing really do this
really possible to get money with out personally
gearing teak for your best all first ball before he died
too far and let's talk about what a personal guarantee really used
get because a lot of people throw around this terminology
no PG or PG or personal guarantee so
what is a personal guarantee will it's an agreement make
liable feel ones own or third party steps
obligation so a personal guarantee signifies the lender the obligate can
lay claim to the guarantors
assets in case the bar was to fall it's a cold
signed quite check with that day the eye which generally
not required secret papers from the obverse assets
before going after the characters assets so the lenders actions are usually based
on
whose assets easier to basically get and then once signed up for security can
only be cancelled by the Albuquerque
so this is from business to carry or get a look at a few
different de finished guilty but from mystic
basically what they're saying is simply this: the guarantee
make you liable sees which personally guarantee a business day
that peach you are personally taking on liability
so it basically signifies is they're saying that the lender
with the credit issuer can lay claim to assets
live in the gear torrez when you personally guarantee
you become personally liable which means they keep calm
take your ass and as they laid out here it's really smart good
no that there's no requirement have
tour three guarantors up assets they have to go after first typically gonna
go after
however has the
most money or liver has liquid money levers money is
easiest to get let's take a look at another definition here for
eek my make guarantee you're putting yourself each
assets on the by acting as the loans cosigner
in this case call geared toward if your best solved be responsible for payment
creditors will go after you in the event your business fails to repay the loan
the stuff because most people don't stay activist
fail the statistically ninety personal bests to fail
and the truth is a lot failures take place because
things outside this control K
radical changes in the environment new competition coming around new product
serbs
wave do anything it was interesting because was talking my father
over the weekend you're talking about or possibly getting in and produce
the car he's talking about how it disbelief
was that they would take the massive extends getting into car production
and what I said is you know it's funny because everybody said
exactly the same thing about getting it phone
this them getting it to the business having a music player as they did with
the iPod
but they did great they dominated the market they got in there
in nobody expected you have to think the years ago
anybody that sells self wasn't expecting them to be the biggest competition now
so many things can happen it is fired
can't control whether the new competition whether
it be the radical ships the economy or
anything can happen so because that you never wanna
purse be liable for your business steps because again this
space very unpredictable it's very high-risk
mostest fail because it thinks they really didn't expect
take a look at one more definition hear from Wikipedia
a personal guarantees a promise made by specific first organization already
to be known as the guarantor to accept responsibility
for the party debts Indian debtor fails pay the usual most common purpose in her
purse
guarantee and this is very important because I think
wikipedia has hit the nail right on the head
here the sex act by the placed straight world usual most common purpose
for security is typically lower organization in this case a business
or person to obtain credit with a lack credit history
or they do have one but lack cried grady
sufficient to qualify for credit and
the biggest things most important things you need to know about spread
if you are required to put up personal care T
it's because he created each feel sick me or lack of credit history
or lack of credit rate and this is where most people mess up
the type discredit they're trying to get
store credit cash credit without having eight-b_
credit profiles established and loves to finish because it tells you exactly
what's gonna happen your
going to be required to have a personal care T in almost all key switch
back credit history or lack an actual
credit raid so that being said this
the personal guarantee years requested with this
understaffed credit history a credit profile credit score
and this is business credit take your business has its own credit profile
score and when your business does a credit profiles
staff just like if you've never got credit Lee
your social security number then you're not going to be able to get money
without them looking at Spurs credit but we
how the this trade stabbed they don't me to get a personal care your personal
credit check
because you have the credit history have a credit score that they're looking for
to call fight for the money you're looking to get so they're always
also sometimes required for large loan amounts always request
loans guaranteed by SBA conventional bank so again this is another reason
that
some people are skeptical personal care tease SBA
requires so does most conventional banks in mostly

most people go to the bank money and here to go to your bank to get this
financing you're probably gonna the ass for personal care teak
deal with SBA be said there are still won't even
collateral based financing don't require a personal care T
but again
in these type situation going to a bank getting an SBA loan
those other cases switched gonna be required to supply for scared kids also
required some other high loan amounts which no collateral was being
lights so when there's higher-risk the lending sports with their lending

two hundred thousand dollars a don't have collateral
then a lot a key feature going to happen scared teen other other key shell
there's tights cash flow based financing a revenue-based financing: out there
that you could secure even without having a personal guarantee
pledging your future revenue basically squad
but anytime that you all have no collateral be
pledged offset that's basically
ans secure money and when you have unsecured money which means you're not
securing it with collateral
you gonna be required to have a personal guarantee a must credit profile
scorcher strong enough for you he so you complete a loan application provides
sturdy you're almost always going to supply purse
gettin always going to pull your personal credit and you also in most
cases be providing a personal guarantee
I talk to a lot of people that's a district okay it's great week
but have credit card or debit card
by this not really discredit the question then becomes I
always ask is week got back card each
leechers street number of the app page people usually look
stunt though of course I'd left I gave my sister
that did personally guarantee that money even though it's
state I hate to tell you but the poll your personal credit to make
decision don't take my word for look at your credit report you'll see
choir so anytime you provide Street run the app
their going to pull your personal credit almost all those cases
you're also going to be supplying a personal guarantee sold
this might be a necessity some cabbage higher about loans
it's not required smaller bits credit cards its
not this credit cards not how this requirement they're not getting your
income docs they're not
asking for collateral of
money here upon your business credit give them your yeah I
number and if it's good enough no proof it's simple but if it's not good
then they're gonna want a personal guarantee so
have to put sunscreen apk HP your most
personally guarantee money so this credit cards
this does staff discredit back ready to be
secure the credit cards no personal guarantees need
remember we go back to that Wikipedia explanation why do you need to guarantee
usually because the credit profile score is yet established
in the business world when it comes to discredit cards like a Staples credit
card
Home Depot were BP Chevron ur Amazon warmer
any stores she spread or place psyche back
the issue cash credit again they will approve you without the guarantee
only if you have it keep enough stop
spreader profile to actually be able to turn around to get approved
so too poor to keep in mind that the each can also make
liable I get this question a lot tight if I'm a partnership from a sole
proprietorship from
LLC from a corporation what is at me well
in basically thank you file you file for basically two priests
one he's your tax you pay depends on how the tax
some tax personally so if your company makes
profit they were all that
to your personal attacks
a hundred thousand options taxes or a corporation
C corporation pays its own tax so
dares to main benefits each widest
pay your account will hi each
space on the tax benefits discounts to hey I know this I just had this
conversation with my account you know
really should consider going to an S corporation look here's how much money
are companies
make I want this kinda profits rollin are
actual personal attacks he said agree completely you have to go the other way
your company's have to pay a lot more taxes as much as
percent
which guys make go out taxes but as taxes are paid by the company not first
so he's advising based on the best tax benefit
but again that doesn't have anything to do liability I talk to him about this
creditor
I don't he did to me really know how those things play out so used to your
account
when you get recommendations based tax benefits not your actual entity
that for example archer parks me too you
was the only reliable the steps it
you complete your social of the application you could get a bunch
Best's credit but if you're so prior partnership by
fault the any chose make you personally liable
was a corporation LLC doesn't require you to be personally liable
for your actual step so again it's important to note that
you could get this is credited with E following
steps talk about today but its very important no
the image will make you liable
not liable because if the entity itself sole proprietorships partnerships
you are liable LLC corporations are
why so let's look at how the big boys some the largest private companies in
the United States
del Michael Dell CEO March company
paul michael says the actual CEO there PricewaterhouseCoopers
gregg Braden is the actual CEO public's which
got here Lake about forty-five minutes away from sick or profits
William crenshaw pilot Flying J John topped
CEO doesn't make sense the CEO's personally guaranteed this stepped
if you're still thinking is spread really available
got a personal guarantee then let's look at Peachtree
case these are the biggest
privately owned companies United States I could pick
publicly companies still pride Cup these
their CEOs X scale all these people
all these people shareholders owners as well as the CEO
do you think that with Dale needs to get credit
that they go out and Michael Dell actually signs
gives security number purse gear keys that's a question you really have to ask
it to know
if it's possible or not so let's look at Dell

billion dollars and business
they have over
report to Council this report
expiry you could see right there as a quick look their experience smart this
now sport note why really all the traits okay
all ones showing here that report to one
address on I'll for Dell actually what I typed
del Round Rock Texas I got about different options
credit the lot acts so I just picked first option is
treat
I looked all their addresses they definitely have more than

trade spirit and if you look at Dun & Bradstreet EC more traits they're there
already
report its skips shop which actually
see on experience this data in
one address expiry $
billion
this able
reported accounts on this report
experience he was
billion in revenue they have an appetite for very high
credit
CD
psych dell does it go out to get credit limits

Creek right we're on the same page like dell does it go out to get a credit
card credit account
out I got
worthless them with their
billion dollar company
day Walmart all these guys when they go out to get credit for getting
hundreds of millions of dollars crack

million dollar-plus so again the question becomes
are is the CEO with that would actually personally guarantee is CEO out there
signing your name
million dollar debt while
if you think to tell me to take the money gets credit
Michael Dell's personally guarantee financing credit the house and ask
questions
CEO is owner really personally guarantee
this money del skinny well the highest he's probably a
finance Michael Dell's about $
million published
how do I know that perhaps reporter guess but I can tell you that in
our lives average lives we don't usually financing
a more expensive than home right homers most expensive thing that rationally
going to finance k I personally
fine I fly airplanes pride highly
I can tell you that even these people have planes
airplanes nearly as much money as home their yachts
nearly as much money so it's fair to expect
highest amount anybody's ever gonna happen credit report
is there how and in this case public record look
up his house about
million dollars
gate so he probably his highest rate minus



he obviously didn't get
percent City pretty good chunk of money
so his crate strong to secure the type capital that would be needed to get a
hundred million dollars
and what I'm saying years quite simply this logically it doesn't make sense
first ball he doesn't have credit on his personal report
allow him to go out kit hundred billion dollars plus
he's probably never financed anything anywhere close to that
so it comes impossible for him to basically
get financing for its this personally guarantee it because
happens in the companies like Dell any these companies show you
is the company's just way outgrowing the size of the individual owner
came this actually typical large businesses and many small
lists the company the business
quickly out-group credit up the individual
owner and at some point business itself past
its only way the system works
because again the company's me well money
the individual owner will be the individual owners
limit credit on their credit report does how'd
limits doesn't have another borrowing ability
to support the company's some me every company that grows
highly successful outgrows credit the actual
individual owner so this why a bill
discrediting this what business credit this credit is designed
as credit for a company knowing that the individual will never another borrowing
ability to support the business past
screws this appetite for much more credit than
individual ever me okay so when you look at Dell

trade when you look at marchers 22 traits they have yours

reach rates from tightly peers

trade from Publix so when you look at this
all these companies have hundreds sometimes less
trade lines because their companies get
credit instead individual and the straight-line
see are knocked accounts that were personally guarantee
I did summer okay the CEO of public TV
owner the actual founding people of Publix
are not personally guarantee their business stats with me
money why because

treat minds on the Best's credit report so when they go with get credit for
money
they pulled their biz strategy

trade mine high credit limit fifty million
billion dollar-plus
and their credit qualifies them for money just
sure personal credit call fight you for money when you go into credit card
Keith this is how this credit works this is why these companies
deal this discredit K every company builds discredit fundamentally
the exact same reason oppressed be a credit limits
this credit accounts for
to
times higher than that of consumer credit
and this because this has a much bigger need for credit individual does
loan credit limits are always higher on this Council kits
capped this snake stand I'll of more money
Nick will the bottom line is UK skin take
to personally guarantee your biz stepped it's not a long-term strategy
it won't work you will quickly outgrow
your business what capable up signing for on the personal side
this is why SBA talks about straight despite
everybody talks spread this light every big company in the United States
house discredit exactly why small cup
each with this spread this itself established
its own credit profile score the profound scores for the this
which they identified by its key I am Number not so sturdy events
yell and once the profile in sports tablished in the business
can get credit its name with no he'd
for the guarantee from the actual this remember what Wikipedia stated a
personal guaranteed
only with day the business lacks credit history
or lacks a credit rating but once the this is housed
credit a candidate get money using McCready
just every big pride or public company
dots so be straight with no personal guarantee getting pissed
it without personal guarantees not only possible but as I said
it's necessary to grow this because business play outgrow the credit to the
owners
and this often happens very quickly depending on how fast that this
scrolling
so even if you do personally guarantee your this now
that's unsustainable long-term almost everybody get started display
like we started this is you start using money from family or friends or your
savings
East are using your personal credit cards to do it even though it's wrong
this how everybody get started but it's not sustainable long-term
you can't do it your business some point he's gonna outgrow
your credit capability your credit capacity
and if your business grows fast it's gonna happen very quickly
meeting a make the highest amount of current on your credit profiles

grand because how much
finance for home the guess what with years successful business services
probably gonna need to integrate then what do you do a good your bank sign for


the highest you've ever finances a hundred you're going to need to have a
credit profile that's growing up see
Acer businesses and that's possible with this credit because SSPA set
this credit limit for
to
times higher with this credit accounts so you
can keep
up with your growth using Best's credit which keep up that growth using consumer
credit beers seeker
discredit is only for these big boys subtly
big Friday or public company any business can get discredit without a
personal guarantee
this matter how big you are period some source lil
limit the amount of money you can get time this but again
the key
it only possible discs has established credit profile
score so any business can build discredit evil one
just opened its doors to day you can still build this credit
the keys that you could only start getting no personal guarantee credit
if you have an established credit profile outscore so now you're starting
to get to that conundrum
were so many people get stuck great so I can't get discredit without a personal
guarantee
even start-up but I D credit to get credit okay
I'm stop wall that we're gonna walk dissect this today
but again the keys for getting the revolving store credit the
mostly one is past went with the stab striker
outscored get when companies are approved for best rates typically
not due to their sites K your filling out an application
whether you're approved or not has nothing to do with your size and the
reason I mention this because
that's a natural thing to think right you're like okay we'll
its obvious what he said that you know big companies
outgrow their personal credit they need to get a
and they get all the straight lines because they're big trip to keep in mind
the
mostly computers are approving these applications for credit
Kane of course at the level these companies or individuals involved
approving to
but they're not approving it based on size are not running the Dun &
Bradstreet see how many employees
at and trying to figure out as matter fact most applications don't even ask
how many employees
ap because it's not size that they're trying to gauge
its stake reddish letters have a sec criteria has to be
met for you to actually get approved this approval is a based on company size
instead it's based on the company be stabbed
and that's what they're looking for they don't want to give discredit what the
team to be
on stabbed or knobs companies for obvious reasons
if you look at this is failure statistics its
very evident that the longer you stay in business
the last risk up going out at this how curious it's just the way it is
the biggest risk going out of business happens within the first year to two
years
K you've heard it before right majority bursts fail within the first couple
years
this well that's the biggest most
time company actually and the longer they're
in business the less interest they have to stick Lee
actually failing so they're looking for established this
such based on time frame they're looking at several
me different factors to establish whether
you're an established business or not k look at facebook facebook has been
around for like
now like last
years I think they've been around
less than
years and their massive and work a tremendous
now money so it's not just based on time this
it's not just based size it said set criteria that they're actually looking
for
and I call this credibility test can I try to mention this in
many of my actual webinars my actual shows
because this is where people mess people running start applying for money
when they don't need me the lending requirements matter fact
I stuff I white everybody fails
building Best's credit because they try to apply when they don't need the credit
issuers
arms it's that simple so if you want to get approved after know the requirements
meet those requirements
before you even think apply because they're gonna run you through this
credibility test
so let's talk about his credibility test have a physical address
virtual actors curious if you're using home address on the application PO Box
UPS box they have a system same technology we use for our clients that
checks the sea
if its real business address not and if it's not
the immediately d stopped now I'm not telling you that because work from home
you'll never get this credit when I am telling you is at your chance
getting Best's credit diminished greatly if you're using a purse
on the application and the amount of credit you gonna get
is gonna diminished greatly cash
on the app cake now this doesn't mean you need to go get a physical address
there are things called virtual address companies like reached
are each US and reaches can help you get a virtual address
repaint X amount of dollars per month you get a physical address you can use
on the application that you actually get mail delivered to their
you gotta have this phone number preferrably toll-free number nowadays
with %eh
the Internet if you're not a local company like a pizza company that
delivers pizza is only locally
well then you're doing this is H whites I'm spoiled why
because we can now power the Internet so most companies need toll-free numbers
waited
k we have on me now how many toll-free numbers for company yeah
twenty thirty different numbers for company for all this that are actually
getting phone calls
so you keep how a local number only
because you're doing this out-of-state people gonna need to call you
and a good sign that you're not established act don't how
an actual toll free number it's very easy to companies like weak central to
get a toll-free number for a cheap
like less than
bucks but when the biggest factors most people don't know
about this credit
is a lot has to do with Eren are your
number
you have packed your number list 41 actually get approved if
number is list
not going to be able to secure
starter credit E get your initial bit straighter profile score
doesn't need a fax number nowadays companies like bring central
for you get your phone number dear fax them across they to send you a geek fax
it goes
your email address see you don't even need a separate number or
an actual facts you just need to have a fax
just gonna be asked on the application and if you don't even have a fax number
you gonna have a hard time getting approx looks like you're not stabbed
Javea professional email address
website get this one thing anybody's me looking at your application they're
gonna check out your website
make sure attracted
got denied
financing at the very last stage because they went to this website
website cities going out at this
well probably rocking to get a loan if you're going on a disk
it was actually his pre-match another branch we got straight back gotta funded
but it was perfect indication that they look at your website to make sometimes
final siege don't have a website or website that looks professional
because again it seems pretty shoddy website out there
well then again it's a sign not really established easy
she can go to a place like monster template dot com
you to pay sixty or seventy dollars for very professional website templates
summer outdated are you pay somebody from Mike place like
oDesk delay in stock on the put up their website for
bucks
lassie get up really professional website
first trying to build realm which I see people build their own
sometimes they know what they're doing sometimes they don't came they don't
look at profession you never pressure website impression email address
k you can always skeptical anybody at this is that has
gmail address a well I just because cuts easy
I could go daddy: dot com right now I could pick
domain get a free email for twelve dollars so there's no reason
some each have a professional email address domain my email is tight credit
sweet dot com website is
credits doc so you can go out very cheap
and get a domain coincides with the accompanying a minute email to coincide
your company that's not a gmail or AOL they
really look at these type things actually term with the girl approved
not a proper license your city state
industry K can't go out as a contractor be in unlicensed contractor try to get
money
don't want somebody it's not legitimate if your contracts require travel iced
have you're not legitimate you guys have any ideea K at
in the setup bank these are basics if you're thinking about starting
any business the first thing you do is file for corporations file fear LLC said
after park's
separate which in the setup you think don't get re I end up
what you have your yard you get your bank he's a three in the basic things
that
e-business should do very very very beginning state
and your just getting started why just told you the first three things you
could do for you this
eat your best sandy easily go to your secretary of state
i cant still Florida Secretary of State business
filing ours website Florida called Sun biz .org
some bizarre or takes me five min set up by Andy
cost sixty dollars and then I have a business entity
and I go and get my e I am Number once they have that I get my pic
these three steps any business should actually follow try to
get money without the street danger Don it's definitely not
happen is actually twenty of these credibility factors that we really
outline
with our clients but these are the main core ones that you really need to make
sure because
absolutely crucial each attached getting approved so meet this criterion then
start to get approved start
vendor accounts these are cast get approved for
eat no establish credit what's ever
okay because remember we talked about okay had alleged
ID credit to get credit how does that work well simple
works like this people fail because I try to go to
staples lows Home Depot they try to go to the bank to get money
and those places approval because they have no credit profile they have no
credit score
unless they have a guarantee right it's all tied together max
KK to guarantee having an established had a profound score
since you went to lows staples
tried to get money without having enough establish credit then they're going to
require personal guarantee
doesn't mean it discredits not available for security
it simply reverts back to that Wikipedia description
you just don't how enough credit established get credit so in order to
get credit initially established have to come in here
hatch Lee get discredit through
vendors and inventors report they give you a business credit
score and profile dun bradstreet equifax experience and then by getting approved
for this kinda credit using it paying the bill
time you could then establish a bit straighter profile outscore
so it all just comes down to applying for credit ride
admission several my actual
shows because this is where people mostly mess-up ill
I get any kind of course bonnets somebody think I'm trying it's not
working
it's because they're messing up here they're trying to apply for sources
without knowing what the source really require and the source
require more than a half establish credit some other have no establish
credit trying to actually get approved so many people think that nobody can get
credit without a personal care
key you now know that that's not feasible or lot companies have to get
this straight

capital they need growth but the reason this fully permitted
sis because common mistakes just of
make end up with them getting decline their plight so
let me tell you about these states you can avoid them before you
even get started most common mistakes that made with applying for business
credit supply
bit credits in the wrong order stores the lenders will not approve you for no
personal guarantee credit to your business cards stab spirit
look it's a plane tickets world its
you can't go into Walmart with no credit
staff and applied for the credit card get approved you get tonight
its latest there is a sorry you have enough credit polled this bureau
you're done but if you went to Walmart with five credit cards
on your credit report trade lines have a score you have a profile you're paying
your bills
greet wal-mart would approve K if I going to get a car loan
well look at my son my son thinks cash
East about ready to turn six years old a couple days so
in
more years cash is gonna be old enough to go out and get a car
what if I've done nothing to help him build his credit
when he goes in to get a car and he is no credit profile
those score they're going to tell him he can't get approved they're going to
require

guaranteed money because his credits not yet established
if I helped him build his credit before then or discredit established before he
goes to get a car
well then he can use the credit that he has staffed
hi and actually get group so
pic
East certain a preview for no personal guarantee credit to your business cards
it's the same thing in the consumer world as it is in the actual this
can start getting credit there or you get denied
me can't walk in your bank introduced you can't walk into staples Lowes Home
Depot BP Chevron Walmart Target Best Buy
any store that's retail store and get credit
you're gonna get denied even tried gotta start with the spending accounts
Yuasa camp which screen upon the application period under any
condition if you do this they will pull your personal credit you be guaranteed
period even if you've given your social you get approved
you like a it's awesome I got a prime deal one way or the other he's my social
problem there's that's when you're personally guarantee
money remember you wanna be's of the app
you can actually get the money with out guarantee and many people think they
have described
have credit with their business name and he talked about this earlier
you have a credit card hazardous same see think you have credit will not stop
the case almost got it
without social security number came so stringer supplies to get back hard
that's not usually real business credit is personal liability is involved your
personal
lightly richard is his name is on the card any count might very well report to
the personal credit bureaus
not the business card girls scalps
you're so strewn about the application apply look there's more
the just personally guaranteeing your money at stake here
K it's not just a few to fall you're in trouble the problem is
if you get credit to your business and sign for personally
and that credit reports to the personal reporting agencies
consumer agencies well then you're done because as you use Akriti
your personal credit scores will go down River
your total personal credit
scores based
you sage so if you use more than 30 personal into the credit card
curbing your credit score so if you have a thousand dollars
people's credit card you sign for personal reports that consumer reporting
agencies
you
more than three hundred dollars on my card you're taking your consumer scores
so another reason you want your social of that guarantees
decrease is getting reported this is pure is not super
or not reported any word all but it's not going to be reported consumer
reporting agencies
and that means that you're not gonna personally have any kind hackers
expire actually using also mind many
front-line people speak with who work for kurdish don't know about discredit
me he pleaded
banks don't know about Best's credit I know that because
our senior adviser on her back in used to be
biggest business banker for Wells Fargo the entire country
as the biggest banker for Wells Fargo she never do what this Craigslist thing
ever told
that they pull business credit was never mentioned this she started training with
underwriters
and realize that date always look business credit and she was shocked
because
every Apple case the key man this is Chris Paul
be at the front and bankers to help you even know that they didn't even know
that the word
train the same thing happens stores we had one client
the wind nordstrom's to get credit and frontline persons
UK get credit batters this make sense
she got her manager the manager called the regional manager
the regional manager called somebody else the somebody else knew how to do it
and walked in steps
it took
layers managers even get to somebody that knew what was going on
to your commonly gonna talk to people to see you can fill out an app
social you have to give me your social no don't if you don't give them a social
gonna pull your yeah I am credit if your goin credits
just enough then you gonna get approved cases though often tell you the so
sturdy number supply
has to be supplied because they don't know any better and remember you must
sure you credibility's check he interprets don't even try to get to a
point
start applying without doing that it's not you'll be seen as an understaffed
this get denied any so you wanna leader so sure of the at the matter what they
tell you
the second thing you want to do is you gotta make sure
you pass at credibility test talked about tablets chance
getting up
k so make sure you give in your accounts first much know your bisous an
incredible it's time to apply for Best's credit
he would establish discredits actually three types a credit you can get
vendor credit starter accounts offer net
terms
that's what the new credit just told right there it's not
revolving credit it's not like a credit card you can put a hundred dollars on a
pay twenty-five dollars a month on
towards payoff if you put a hundred dollars on the net
account you got
thirty days
paid
bucks back at helping your credit works so these
starred accounts the first stage a building business credit
the store credit this revolving credit cards
they're available in most the retail stores and then you get cash credit
which
revolving credit cards Lisa MasterCard that car
issue usually by banks and you know you can get approved you can use his card
anywhere
so talk about store credit I talk about store credit cards
like what you going to target check out they say hey would you like to apply for
credit card will give you
percent off today
well as you get their credit card you can only use that card I can target
can't go to Walmart news eager to Walmart credit card companies in Walmart
did you get a piece
card you can use it in target or in Walmart or anybody else
not to so that's what I commonly referred to as cash credit
and then yes store credit an actual lender credit see you must be proud with
vendors first
to offer these net
terms and after you use those
pay your bills the council get reported the business reporting agencies
just because you get approved means not you have to then pay your bills
and get a score and then you have these accounts report so
let's go through it you get an account with a company called
you lie cell shipping supplies you use the credit he paid the bill
now you find reports to Dun & Bradstreet now you have
a credit profile established trade lines morning
you get a credit score staff list with the profiles scoring trade lines at
combination
is what really allows you to take the next step in building best
so then and only then we have established this skater profile
score and once for business credits tablished start to get approved store
revolving credit
next remember we talk about three different kind credit vendor first
store second cash third it's the or you have to go to you cannot skip this
quarter
happy vendor accounts first want somebody said to me
and it was Best Buy is away I went to Best Buy they turned out of course the
started a store I thought that was a bitter its store stores stores there
the retail stores that you're usually used to walking into
K a vendor account as annette
so that's the big difference
can offer you net
tucked ceased see calendar so approve the business
credit even if none establish there's a lotta keep in mind ninety-five percent
vendors trade credit this country does report
this age 6 so you have to fine credit reports the HC
a credit that works for a plan he started this actually many vendors
sources for well-known
so here's some other here you like will
reliable la consists just to name a few I just gave you enough
to establish furnace this spread now you
line sometimes if you have no credit established will make you
like order one or two or three times from them
before you actually get net
account so you can do in its okay
you I know when the next
account you wanna see not so quick buster
you got okay money from us paper this quarter first and then we'll consider
see pay for your first order pace your second order
make your third order to actually get approved sometimes approved right away
but gave no sabes que I can make you do
or
orders actually get approved cake will
same way reliable simpler so
you have to go spend thousands of dollars people ask me all the time how
expensive is to build the strangest
cost involved just have to get credit used credit paid the bill
you
bucks worth stuff from the skies
well that's usually not see Goodhue wind by
bucks
sake will they saw off spies could doesn't of spice so next time he of
spike good
well you paid in the
bucks for whatever of spice came out today
you apply for credit they say nope sorry next time you need of spice
cool again good core third time and the second overtime this
okay you're willing to do business with us were willing to give you credit line
here's a $
or twenty-five hundred dollar credit line with us to use in our
store
now you got now use that credit again cues
in a few times and upkeep reporting at the district court agencies
trade mines score your profile K
lock on this issue UAL corporation services help prove you
no credit established at all and they don't make you hi
things for multiple times per sec by their services
from what we've seen time and time again is our clients are able to get in there
and actually get approved with them have to buy something from them on credit
that's how all that works
but even if you haven't of multiple orders from them
past star missus 21st approved for counsel the spenders
some are you purchase their products for psych I just went through
somewhat you make three orders to pay which I just went through
but all the source I listed will prove a brand new business even if you have no
credit
I just gave you golden take because I just told you exactly where to go
to get your initial screen it yet nonstop
nothing is standing in your way getting the credit profile getting the credit
scoring game trademarked
as we talked about trade lines profiling score
are the three necessities for you to start moving and getting credit
really want which revolving credit you want to ensure you have a total
I what are called payments spirits is reported for you can't think applying
for store credit
now this isn't a steadfast rule as we're about to talk about with them all the
credit
some sources have other requirements some like
someone
i-ten someone a seat I'm this some don't but as a general rule
if I came experiences then you can start getting store credit so what's a payment
experience
well that's basically trade but its at basically the amount of credit have
reported
to the total reporting a sleep example
sick will reports to D&B and experience all that with chemist
payment streets so I C five house five counts
you have five total what morning up accounts
one account reports to
reporting agencies back really counts to paint
streets but you need to have at least five before you move into store credit
came experience again is reporting that account to abyss
for THC well for example does report to the NBA experience
that means that one account caps two payments princes
while La Quinta so she's only reports sperian
so that we can is one payment experience all
don't give out no personal guarantee credit many have requirements must be
met before they'll do this
but there are a lot of sources don't how those kinda requirements and I gave a
lot
to you to lock on this issue only requires a purchase
and that you have a
number and business back what about to tell you is
extremely important and it's another reason people fail
the every source you apply with house
criteria what must be met to get approved I don't
of ever webinars that outlines all that specific criteria for very good reason
it changes
day whole team people in one percent all they do is just keep up
with changes all these actual credit ish
changes all the time case on me to give you an idea right now of what these
companies requirements are beget
this changes all the time so if you're listening or watching us on a playback
it still might not be the case today with Spike don't usually make a lot of
this information available because it does change
much quo won't approve you right away much DB profile established
but they will approve you if you first place a few orders with them
reliable usually requires replaced orders
before applying and for a net
account unless your DMB profiled
is already established you line will prove you for initial vendor account if
you have to
good trade references and at least one bank reference
so I'm not only told sources to go to get Anish
credit I now outline for you actual requirements
so you'll know you can get approved and remember all these will work for a brand
new
star distance so you need to know how many came in a strange
caps tablets before trying to apply for store credit remember you need to have


experience
apt-get to revolving store credit so get rid of your business credit reports as
you go
to watch a credit building and real-time you can get reports
from indirect you can go to Dun & Bradstreet experience faxed directly
I get this question all times even created I pay each credit sweet dot com
forward slash
reports and right there from that one page you can actually get all three
equifax spirit in Dun & Bradstreet we have like an affiliate relationship
within so you get discount there first going with them directly
so much spike and experiences next start to be secure revolving store credit
cards for your business
keep in mind all applications last year's sternum
it's never gonna go with always can ask for you do not need to provide it and
that's the habit to check to create
in yourself it's not providing it always going to be asked for
each supplier social they will pull your personal credit and it's bad
you gonna get denied it's good you gonna get approved with a personal guarantee
lead to social like they pull your business credit and one cc
have established business credit then you'll start to get approved for actual
store credit cards
so most retailers to offer business credit as well as consumer credit
staples Office Depot Home Depot Lowes Target Walmart Costco seems called Radio
Shack Best Buy
BP Chevron Amazon shell honey almost every single
major retailer out there offers store credit now
you don't have time to write all this down don't worry about it a minute send
you a playback to this because you attended the old man
if you are here: life so you actually get speech
stop spots right these type things down this is important at most major
retailers
do of for discredit revolving accounts some source like Home Depot
is often known as they have more stringent requirements to prove so
they wanna see big red if watch i've seen requirements two million of senior
permits

a senior parents in between and there are three years in business for no
personal guarantee credit you can get this is great with them
you gonna have a personal guarantee much make millions as listed on your
application
verify that per anything else other your application
possibly look DP they have it L but they do have a requirement
Costco
acquired two years and it's lows requires three years for no personal
guarantee credit k Best Buy requires an established business credit to get
approved
nopers guarantee this comment a lot of course like this
if you've established this is credit you can get without the first guarantee if
not
then they're gonna request noticed the company Best Buy
doesn't have time this requirements as
Home Depot Costco and lows all do ames
also require PG jerker on established but if is established
they want so again the sources Asheville
business credit profiles for trade mines in Amazon Best Buy
will approve regard to secure time in business for no Kishi credit
mostar's give you know PG credit if you have your business card stops
he's hammacher profiles for stab wish for you won't get approved for these
no PT credit stores banks remember a personal guarantee
is needed 1 credit isn't established but once it is you can get approved most
sources
regardless size thailand is except for a few exceptions
whatcha total
pain experiences reported to disappear as
then you can start to get cash credit cards Visa MasterCard a mixed heart
a mix again has time in business and revenue requirements
but peace MasterCard don't you could get me some ask are we
have to
experience you should have one of those payments banks have a ten
thousand dollar height limit to
that's what's going to be required so if you go in to try to get a cash Friday
probably not gonna cop satellites at least one of those credit accounts
like del gives you a ten thousand limits tells a good story that will give you
credit
and usually gives our clients ten thousand dollar limits
so as you move end revolving space restart getting store credit I would
look at Dallas a great source
Key Bank and home dГ©cor source of a revolving cash credit card you can use
anywhere
many banks offer these %ah so just keep in mind before you apply
have one credit limit account ten thousand dollars
and you need to have
accounts he sleep all the steps for business
has established this credit profound score this Provence for can then be used
to get a credit card is stamp card to secure personal credit without a
personal guarantee
then you want to continue building business credit applying getting your
credit
using a credit getting approved for higher and higher credit limits Scott
how long does it take to build business credit well you can get better credit
immediately today
will take you about ninety days store credit take about four to six months to
get five ten thousand dollar cash limit credit cards
and then you never wanna stop you want to keep getting more and more and more
credit
because the more business credit you get the higher your limits will go
and we've got clients see clients by apartment complex some by real estate
with their business credit it takes me year two years three years
and they start getting to twenty thirty forty thousand fifty thousand dollar
limits higher
so as long as you keep using your credit keep paying your bills
greed then you're going to continue to have access to more more credit
actually your best so hope we got a lot at stake
dove into personal guarantees dissected how they work walk through that it's
impossible

not personal guarantee credit because this is again
outgrow the credit capabilities our capacity
other actual owners actually went through and giving you a condensed
version
steps you need to take to build your business credit now can
you need anything on our end feel free to reach out so if you have questions
forgives call



you can also email and fell at Credit Suisse dot com
there's my email which tie at Credit Suisse dot com or you can check us out
online at Credit Suisse
dot com forward slash business credit you go to youtube and type in business
creditor just type in my name
tight rein then what you're gonna find fine my channel
80s stride my channel you'll see there's a ton have information about
how to do what needs to be done I've got hour-long sessions just on building
vendor credit hour-long sessions on just the actual
credibility test hour-long sessions just getting revolving in store credit
died all those a lot more T its use in this when I want to give you a general
overview
everything is involved to get a personal guarantee credit Cypress you hang out if
this
our I know how valuable your time is and hopefully as long as you follow the
steps you're you're gonna get good results on she take action so don't
delay go ahead jump into give you everything you need to start building
your business credit right now
and again on my Chalmers
on another resources and information that can help you as you progress
the process so I think everybody can take the time to attend this meant today
thank you very much and I hope everybody has a great day and here's to you having
successful best
so thanks everybody *** ***

How to Get Business Credit Cards Without Personal Guarantee !!!

follow everyone and welcome to this levin are today
I'm glad everybody took our dated
I will How to Get Business Credit Cards Without Personal Guarantee !!! tried to give much value and information here
hours be possibly can same died Dec
and show how to get discredit no personal care
T so I still have a lot of people out there that think that you cannot get
credit
without personally care take some legal
state talk about what guarantees of what a personal guarantee
best online printer released again here this time around all the time
peachy what is that me so we're going to dissect what a personal guarantee is
gonna look at companies that don't have personal guarantees
were gonna how the process exactly how to get credit without a purse
dirty even talk about some the source out there that will prove to you
revolving credit and the roadblocks running some have time
this requirements dull so good I didn't do that see you could see where you make
it stock
and you can also get some feedback where you can actually get on skype
so looking to spice up before we get too far law money's tight credit actually
director fists
credits what we'd do this help people build business credit to get financing
the best we actually help other companies of business credit financing
ask sir
cell I think we helped nearly 10,000 people
just over the last few years I have a lot of experience
and building this straight I see firsthand how these credit issues change
their standards
often and I'm able to actually sit with you today go through what's really going
on
has today into discredit world how you can really
accomplished getting destroyed security as in most my weather
must sell think it's gonna be and hour-long
information whether you're finding iTunes our podcast with here live during
our
it United sold any tickets our street information if you are at all interested
in getting discredit through us getting financing offering service
for two checks out of my car this week dot com forward slash
business credit its credits dot com forward slash discredit
you get an information about us
you there other than that let's go ahead let's jump in a good start a la Sep
jump into today so here's request the million dollar question
its really get this straight with
out a personal guarantee again I tried
my webinars seminars or live
its any might its around questions people are commonly ASCII
such by email regularly at checking you to comment
i cant honest feedback how turn a lot of questions in this
still want the question out there is killing really do this
really possible to get money with out personally
gearing teak for your best all first ball before he died
too far and let's talk about what a personal guarantee really used
get because a lot of people throw around this terminology
no PG or PG or personal guarantee so
what is a personal guarantee will it's an agreement make
liable feel ones own or third party steps
obligation so a personal guarantee signifies the lender the obligate can
lay claim to the guarantors
assets in case the bar was to fall it's a cold
signed quite check with that day the eye which generally
not required secret papers from the obverse assets
before going after the characters assets so the lenders actions are usually based
on
whose assets easier to basically get and then once signed up for security can
only be cancelled by the Albuquerque
so this is from business to carry or get a look at a few
different de finished guilty but from mystic
basically what they're saying is simply this: the guarantee
make you liable sees which personally guarantee a business day
that peach you are personally taking on liability
so it basically signifies is they're saying that the lender
with the credit issuer can lay claim to assets
live in the gear torrez when you personally guarantee
you become personally liable which means they keep calm
take your ass and as they laid out here it's really smart good
no that there's no requirement have
tour three guarantors up assets they have to go after first typically gonna
go after
however has the
most money or liver has liquid money levers money is
easiest to get let's take a look at another definition here for
eek my make guarantee you're putting yourself each
assets on the by acting as the loans cosigner
in this case call geared toward if your best solved be responsible for payment
creditors will go after you in the event your business fails to repay the loan
the stuff because most people don't stay activist
fail the statistically ninety personal bests to fail
and the truth is a lot failures take place because
things outside this control K
radical changes in the environment new competition coming around new product
serbs
wave do anything it was interesting because was talking my father
over the weekend you're talking about or possibly getting in and produce
the car he's talking about how it disbelief
was that they would take the massive extends getting into car production
and what I said is you know it's funny because everybody said
exactly the same thing about getting it phone
this them getting it to the business having a music player as they did with
the iPod
but they did great they dominated the market they got in there
in nobody expected you have to think the years ago
anybody that sells self wasn't expecting them to be the biggest competition now
so many things can happen it is fired
can't control whether the new competition whether
it be the radical ships the economy or
anything can happen so because that you never wanna
purse be liable for your business steps because again this
space very unpredictable it's very high-risk
mostest fail because it thinks they really didn't expect
take a look at one more definition hear from Wikipedia
a personal guarantees a promise made by specific first organization already
to be known as the guarantor to accept responsibility
for the party debts Indian debtor fails pay the usual most common purpose in her
purse
guarantee and this is very important because I think
wikipedia has hit the nail right on the head
here the sex act by the placed straight world usual most common purpose
for security is typically lower organization in this case a business
or person to obtain credit with a lack credit history
or they do have one but lack cried grady
sufficient to qualify for credit and
the biggest things most important things you need to know about spread
if you are required to put up personal care T
it's because he created each feel sick me or lack of credit history
or lack of credit rate and this is where most people mess up
the type discredit they're trying to get
store credit cash credit without having eight-b_
credit profiles established and loves to finish because it tells you exactly
what's gonna happen your
going to be required to have a personal care T in almost all key switch
back credit history or lack an actual
credit raid so that being said this
the personal guarantee years requested with this
understaffed credit history a credit profile credit score
and this is business credit take your business has its own credit profile
score and when your business does a credit profiles
staff just like if you've never got credit Lee
your social security number then you're not going to be able to get money
without them looking at Spurs credit but we
how the this trade stabbed they don't me to get a personal care your personal
credit check
because you have the credit history have a credit score that they're looking for
to call fight for the money you're looking to get so they're always
also sometimes required for large loan amounts always request
loans guaranteed by SBA conventional bank so again this is another reason
that
some people are skeptical personal care tease SBA
requires so does most conventional banks in mostly

most people go to the bank money and here to go to your bank to get this
financing you're probably gonna the ass for personal care teak
deal with SBA be said there are still won't even
collateral based financing don't require a personal care T
but again
in these type situation going to a bank getting an SBA loan
those other cases switched gonna be required to supply for scared kids also
required some other high loan amounts which no collateral was being
lights so when there's higher-risk the lending sports with their lending

two hundred thousand dollars a don't have collateral
then a lot a key feature going to happen scared teen other other key shell
there's tights cash flow based financing a revenue-based financing: out there
that you could secure even without having a personal guarantee
pledging your future revenue basically squad
but anytime that you all have no collateral be
pledged offset that's basically
ans secure money and when you have unsecured money which means you're not
securing it with collateral
you gonna be required to have a personal guarantee a must credit profile
scorcher strong enough for you he so you complete a loan application provides
sturdy you're almost always going to supply purse
gettin always going to pull your personal credit and you also in most
cases be providing a personal guarantee
I talk to a lot of people that's a district okay it's great week
but have credit card or debit card
by this not really discredit the question then becomes I
always ask is week got back card each
leechers street number of the app page people usually look
stunt though of course I'd left I gave my sister
that did personally guarantee that money even though it's
state I hate to tell you but the poll your personal credit to make
decision don't take my word for look at your credit report you'll see
choir so anytime you provide Street run the app
their going to pull your personal credit almost all those cases
you're also going to be supplying a personal guarantee sold
this might be a necessity some cabbage higher about loans
it's not required smaller bits credit cards its
not this credit cards not how this requirement they're not getting your
income docs they're not
asking for collateral of
money here upon your business credit give them your yeah I
number and if it's good enough no proof it's simple but if it's not good
then they're gonna want a personal guarantee so
have to put sunscreen apk HP your most
personally guarantee money so this credit cards
this does staff discredit back ready to be
secure the credit cards no personal guarantees need
remember we go back to that Wikipedia explanation why do you need to guarantee
usually because the credit profile score is yet established
in the business world when it comes to discredit cards like a Staples credit
card
Home Depot were BP Chevron ur Amazon warmer
any stores she spread or place psyche back
the issue cash credit again they will approve you without the guarantee
only if you have it keep enough stop
spreader profile to actually be able to turn around to get approved
so too poor to keep in mind that the each can also make
liable I get this question a lot tight if I'm a partnership from a sole
proprietorship from
LLC from a corporation what is at me well
in basically thank you file you file for basically two priests
one he's your tax you pay depends on how the tax
some tax personally so if your company makes
profit they were all that
to your personal attacks
a hundred thousand options taxes or a corporation
C corporation pays its own tax so
dares to main benefits each widest
pay your account will hi each
space on the tax benefits discounts to hey I know this I just had this
conversation with my account you know
really should consider going to an S corporation look here's how much money
are companies
make I want this kinda profits rollin are
actual personal attacks he said agree completely you have to go the other way
your company's have to pay a lot more taxes as much as
percent
which guys make go out taxes but as taxes are paid by the company not first
so he's advising based on the best tax benefit
but again that doesn't have anything to do liability I talk to him about this
creditor
I don't he did to me really know how those things play out so used to your
account
when you get recommendations based tax benefits not your actual entity
that for example archer parks me too you
was the only reliable the steps it
you complete your social of the application you could get a bunch
Best's credit but if you're so prior partnership by
fault the any chose make you personally liable
was a corporation LLC doesn't require you to be personally liable
for your actual step so again it's important to note that
you could get this is credited with E following
steps talk about today but its very important no
the image will make you liable
not liable because if the entity itself sole proprietorships partnerships
you are liable LLC corporations are
why so let's look at how the big boys some the largest private companies in
the United States
del Michael Dell CEO March company
paul michael says the actual CEO there PricewaterhouseCoopers
gregg Braden is the actual CEO public's which
got here Lake about forty-five minutes away from sick or profits
William crenshaw pilot Flying J John topped
CEO doesn't make sense the CEO's personally guaranteed this stepped
if you're still thinking is spread really available
got a personal guarantee then let's look at Peachtree
case these are the biggest
privately owned companies United States I could pick
publicly companies still pride Cup these
their CEOs X scale all these people
all these people shareholders owners as well as the CEO
do you think that with Dale needs to get credit
that they go out and Michael Dell actually signs
gives security number purse gear keys that's a question you really have to ask
it to know
if it's possible or not so let's look at Dell

billion dollars and business
they have over
report to Council this report
expiry you could see right there as a quick look their experience smart this
now sport note why really all the traits okay
all ones showing here that report to one
address on I'll for Dell actually what I typed
del Round Rock Texas I got about different options
credit the lot acts so I just picked first option is
treat
I looked all their addresses they definitely have more than

trade spirit and if you look at Dun & Bradstreet EC more traits they're there
already
report its skips shop which actually
see on experience this data in
one address expiry $
billion
this able
reported accounts on this report
experience he was
billion in revenue they have an appetite for very high
credit
CD
psych dell does it go out to get credit limits

Creek right we're on the same page like dell does it go out to get a credit
card credit account
out I got
worthless them with their
billion dollar company
day Walmart all these guys when they go out to get credit for getting
hundreds of millions of dollars crack

million dollar-plus so again the question becomes
are is the CEO with that would actually personally guarantee is CEO out there
signing your name
million dollar debt while
if you think to tell me to take the money gets credit
Michael Dell's personally guarantee financing credit the house and ask
questions
CEO is owner really personally guarantee
this money del skinny well the highest he's probably a
finance Michael Dell's about $
million published
how do I know that perhaps reporter guess but I can tell you that in
our lives average lives we don't usually financing
a more expensive than home right homers most expensive thing that rationally
going to finance k I personally
fine I fly airplanes pride highly
I can tell you that even these people have planes
airplanes nearly as much money as home their yachts
nearly as much money so it's fair to expect
highest amount anybody's ever gonna happen credit report
is there how and in this case public record look
up his house about
million dollars
gate so he probably his highest rate minus



he obviously didn't get
percent City pretty good chunk of money
so his crate strong to secure the type capital that would be needed to get a
hundred million dollars
and what I'm saying years quite simply this logically it doesn't make sense
first ball he doesn't have credit on his personal report
allow him to go out kit hundred billion dollars plus
he's probably never financed anything anywhere close to that
so it comes impossible for him to basically
get financing for its this personally guarantee it because
happens in the companies like Dell any these companies show you
is the company's just way outgrowing the size of the individual owner
came this actually typical large businesses and many small
lists the company the business
quickly out-group credit up the individual
owner and at some point business itself past
its only way the system works
because again the company's me well money
the individual owner will be the individual owners
limit credit on their credit report does how'd
limits doesn't have another borrowing ability
to support the company's some me every company that grows
highly successful outgrows credit the actual
individual owner so this why a bill
discrediting this what business credit this credit is designed
as credit for a company knowing that the individual will never another borrowing
ability to support the business past
screws this appetite for much more credit than
individual ever me okay so when you look at Dell

trade when you look at marchers 22 traits they have yours

reach rates from tightly peers

trade from Publix so when you look at this
all these companies have hundreds sometimes less
trade lines because their companies get
credit instead individual and the straight-line
see are knocked accounts that were personally guarantee
I did summer okay the CEO of public TV
owner the actual founding people of Publix
are not personally guarantee their business stats with me
money why because

treat minds on the Best's credit report so when they go with get credit for
money
they pulled their biz strategy

trade mine high credit limit fifty million
billion dollar-plus
and their credit qualifies them for money just
sure personal credit call fight you for money when you go into credit card
Keith this is how this credit works this is why these companies
deal this discredit K every company builds discredit fundamentally
the exact same reason oppressed be a credit limits
this credit accounts for
to
times higher than that of consumer credit
and this because this has a much bigger need for credit individual does
loan credit limits are always higher on this Council kits
capped this snake stand I'll of more money
Nick will the bottom line is UK skin take
to personally guarantee your biz stepped it's not a long-term strategy
it won't work you will quickly outgrow
your business what capable up signing for on the personal side
this is why SBA talks about straight despite
everybody talks spread this light every big company in the United States
house discredit exactly why small cup
each with this spread this itself established
its own credit profile score the profound scores for the this
which they identified by its key I am Number not so sturdy events
yell and once the profile in sports tablished in the business
can get credit its name with no he'd
for the guarantee from the actual this remember what Wikipedia stated a
personal guaranteed
only with day the business lacks credit history
or lacks a credit rating but once the this is housed
credit a candidate get money using McCready
just every big pride or public company
dots so be straight with no personal guarantee getting pissed
it without personal guarantees not only possible but as I said
it's necessary to grow this because business play outgrow the credit to the
owners
and this often happens very quickly depending on how fast that this
scrolling
so even if you do personally guarantee your this now
that's unsustainable long-term almost everybody get started display
like we started this is you start using money from family or friends or your
savings
East are using your personal credit cards to do it even though it's wrong
this how everybody get started but it's not sustainable long-term
you can't do it your business some point he's gonna outgrow
your credit capability your credit capacity
and if your business grows fast it's gonna happen very quickly
meeting a make the highest amount of current on your credit profiles

grand because how much
finance for home the guess what with years successful business services
probably gonna need to integrate then what do you do a good your bank sign for


the highest you've ever finances a hundred you're going to need to have a
credit profile that's growing up see
Acer businesses and that's possible with this credit because SSPA set
this credit limit for
to
times higher with this credit accounts so you
can keep
up with your growth using Best's credit which keep up that growth using consumer
credit beers seeker
discredit is only for these big boys subtly
big Friday or public company any business can get discredit without a
personal guarantee
this matter how big you are period some source lil
limit the amount of money you can get time this but again
the key
it only possible discs has established credit profile
score so any business can build discredit evil one
just opened its doors to day you can still build this credit
the keys that you could only start getting no personal guarantee credit
if you have an established credit profile outscore so now you're starting
to get to that conundrum
were so many people get stuck great so I can't get discredit without a personal
guarantee
even start-up but I D credit to get credit okay
I'm stop wall that we're gonna walk dissect this today
but again the keys for getting the revolving store credit the
mostly one is past went with the stab striker
outscored get when companies are approved for best rates typically
not due to their sites K your filling out an application
whether you're approved or not has nothing to do with your size and the
reason I mention this because
that's a natural thing to think right you're like okay we'll
its obvious what he said that you know big companies
outgrow their personal credit they need to get a
and they get all the straight lines because they're big trip to keep in mind
the
mostly computers are approving these applications for credit
Kane of course at the level these companies or individuals involved
approving to
but they're not approving it based on size are not running the Dun &
Bradstreet see how many employees
at and trying to figure out as matter fact most applications don't even ask
how many employees
ap because it's not size that they're trying to gauge
its stake reddish letters have a sec criteria has to be
met for you to actually get approved this approval is a based on company size
instead it's based on the company be stabbed
and that's what they're looking for they don't want to give discredit what the
team to be
on stabbed or knobs companies for obvious reasons
if you look at this is failure statistics its
very evident that the longer you stay in business
the last risk up going out at this how curious it's just the way it is
the biggest risk going out of business happens within the first year to two
years
K you've heard it before right majority bursts fail within the first couple
years
this well that's the biggest most
time company actually and the longer they're
in business the less interest they have to stick Lee
actually failing so they're looking for established this
such based on time frame they're looking at several
me different factors to establish whether
you're an established business or not k look at facebook facebook has been
around for like
now like last
years I think they've been around
less than
years and their massive and work a tremendous
now money so it's not just based on time this
it's not just based size it said set criteria that they're actually looking
for
and I call this credibility test can I try to mention this in
many of my actual webinars my actual shows
because this is where people mess people running start applying for money
when they don't need me the lending requirements matter fact
I stuff I white everybody fails
building Best's credit because they try to apply when they don't need the credit
issuers
arms it's that simple so if you want to get approved after know the requirements
meet those requirements
before you even think apply because they're gonna run you through this
credibility test
so let's talk about his credibility test have a physical address
virtual actors curious if you're using home address on the application PO Box
UPS box they have a system same technology we use for our clients that
checks the sea
if its real business address not and if it's not
the immediately d stopped now I'm not telling you that because work from home
you'll never get this credit when I am telling you is at your chance
getting Best's credit diminished greatly if you're using a purse
on the application and the amount of credit you gonna get
is gonna diminished greatly cash
on the app cake now this doesn't mean you need to go get a physical address
there are things called virtual address companies like reached
are each US and reaches can help you get a virtual address
repaint X amount of dollars per month you get a physical address you can use
on the application that you actually get mail delivered to their
you gotta have this phone number preferrably toll-free number nowadays
with %eh
the Internet if you're not a local company like a pizza company that
delivers pizza is only locally
well then you're doing this is H whites I'm spoiled why
because we can now power the Internet so most companies need toll-free numbers
waited
k we have on me now how many toll-free numbers for company yeah
twenty thirty different numbers for company for all this that are actually
getting phone calls
so you keep how a local number only
because you're doing this out-of-state people gonna need to call you
and a good sign that you're not established act don't how
an actual toll free number it's very easy to companies like weak central to
get a toll-free number for a cheap
like less than
bucks but when the biggest factors most people don't know
about this credit
is a lot has to do with Eren are your
number
you have packed your number list 41 actually get approved if
number is list
not going to be able to secure
starter credit E get your initial bit straighter profile score
doesn't need a fax number nowadays companies like bring central
for you get your phone number dear fax them across they to send you a geek fax
it goes
your email address see you don't even need a separate number or
an actual facts you just need to have a fax
just gonna be asked on the application and if you don't even have a fax number
you gonna have a hard time getting approx looks like you're not stabbed
Javea professional email address
website get this one thing anybody's me looking at your application they're
gonna check out your website
make sure attracted
got denied
financing at the very last stage because they went to this website
website cities going out at this
well probably rocking to get a loan if you're going on a disk
it was actually his pre-match another branch we got straight back gotta funded
but it was perfect indication that they look at your website to make sometimes
final siege don't have a website or website that looks professional
because again it seems pretty shoddy website out there
well then again it's a sign not really established easy
she can go to a place like monster template dot com
you to pay sixty or seventy dollars for very professional website templates
summer outdated are you pay somebody from Mike place like
oDesk delay in stock on the put up their website for
bucks
lassie get up really professional website
first trying to build realm which I see people build their own
sometimes they know what they're doing sometimes they don't came they don't
look at profession you never pressure website impression email address
k you can always skeptical anybody at this is that has
gmail address a well I just because cuts easy
I could go daddy: dot com right now I could pick
domain get a free email for twelve dollars so there's no reason
some each have a professional email address domain my email is tight credit
sweet dot com website is
credits doc so you can go out very cheap
and get a domain coincides with the accompanying a minute email to coincide
your company that's not a gmail or AOL they
really look at these type things actually term with the girl approved
not a proper license your city state
industry K can't go out as a contractor be in unlicensed contractor try to get
money
don't want somebody it's not legitimate if your contracts require travel iced
have you're not legitimate you guys have any ideea K at
in the setup bank these are basics if you're thinking about starting
any business the first thing you do is file for corporations file fear LLC said
after park's
separate which in the setup you think don't get re I end up
what you have your yard you get your bank he's a three in the basic things
that
e-business should do very very very beginning state
and your just getting started why just told you the first three things you
could do for you this
eat your best sandy easily go to your secretary of state
i cant still Florida Secretary of State business
filing ours website Florida called Sun biz .org
some bizarre or takes me five min set up by Andy
cost sixty dollars and then I have a business entity
and I go and get my e I am Number once they have that I get my pic
these three steps any business should actually follow try to
get money without the street danger Don it's definitely not
happen is actually twenty of these credibility factors that we really
outline
with our clients but these are the main core ones that you really need to make
sure because
absolutely crucial each attached getting approved so meet this criterion then
start to get approved start
vendor accounts these are cast get approved for
eat no establish credit what's ever
okay because remember we talked about okay had alleged
ID credit to get credit how does that work well simple
works like this people fail because I try to go to
staples lows Home Depot they try to go to the bank to get money
and those places approval because they have no credit profile they have no
credit score
unless they have a guarantee right it's all tied together max
KK to guarantee having an established had a profound score
since you went to lows staples
tried to get money without having enough establish credit then they're going to
require personal guarantee
doesn't mean it discredits not available for security
it simply reverts back to that Wikipedia description
you just don't how enough credit established get credit so in order to
get credit initially established have to come in here
hatch Lee get discredit through
vendors and inventors report they give you a business credit
score and profile dun bradstreet equifax experience and then by getting approved
for this kinda credit using it paying the bill
time you could then establish a bit straighter profile outscore
so it all just comes down to applying for credit ride
admission several my actual
shows because this is where people mostly mess-up ill
I get any kind of course bonnets somebody think I'm trying it's not
working
it's because they're messing up here they're trying to apply for sources
without knowing what the source really require and the source
require more than a half establish credit some other have no establish
credit trying to actually get approved so many people think that nobody can get
credit without a personal care
key you now know that that's not feasible or lot companies have to get
this straight

capital they need growth but the reason this fully permitted
sis because common mistakes just of
make end up with them getting decline their plight so
let me tell you about these states you can avoid them before you
even get started most common mistakes that made with applying for business
credit supply
bit credits in the wrong order stores the lenders will not approve you for no
personal guarantee credit to your business cards stab spirit
look it's a plane tickets world its
you can't go into Walmart with no credit
staff and applied for the credit card get approved you get tonight
its latest there is a sorry you have enough credit polled this bureau
you're done but if you went to Walmart with five credit cards
on your credit report trade lines have a score you have a profile you're paying
your bills
greet wal-mart would approve K if I going to get a car loan
well look at my son my son thinks cash
East about ready to turn six years old a couple days so
in
more years cash is gonna be old enough to go out and get a car
what if I've done nothing to help him build his credit
when he goes in to get a car and he is no credit profile
those score they're going to tell him he can't get approved they're going to
require

guaranteed money because his credits not yet established
if I helped him build his credit before then or discredit established before he
goes to get a car
well then he can use the credit that he has staffed
hi and actually get group so
pic
East certain a preview for no personal guarantee credit to your business cards
it's the same thing in the consumer world as it is in the actual this
can start getting credit there or you get denied
me can't walk in your bank introduced you can't walk into staples Lowes Home
Depot BP Chevron Walmart Target Best Buy
any store that's retail store and get credit
you're gonna get denied even tried gotta start with the spending accounts
Yuasa camp which screen upon the application period under any
condition if you do this they will pull your personal credit you be guaranteed
period even if you've given your social you get approved
you like a it's awesome I got a prime deal one way or the other he's my social
problem there's that's when you're personally guarantee
money remember you wanna be's of the app
you can actually get the money with out guarantee and many people think they
have described
have credit with their business name and he talked about this earlier
you have a credit card hazardous same see think you have credit will not stop
the case almost got it
without social security number came so stringer supplies to get back hard
that's not usually real business credit is personal liability is involved your
personal
lightly richard is his name is on the card any count might very well report to
the personal credit bureaus
not the business card girls scalps
you're so strewn about the application apply look there's more
the just personally guaranteeing your money at stake here
K it's not just a few to fall you're in trouble the problem is
if you get credit to your business and sign for personally
and that credit reports to the personal reporting agencies
consumer agencies well then you're done because as you use Akriti
your personal credit scores will go down River
your total personal credit
scores based
you sage so if you use more than 30 personal into the credit card
curbing your credit score so if you have a thousand dollars
people's credit card you sign for personal reports that consumer reporting
agencies
you
more than three hundred dollars on my card you're taking your consumer scores
so another reason you want your social of that guarantees
decrease is getting reported this is pure is not super
or not reported any word all but it's not going to be reported consumer
reporting agencies
and that means that you're not gonna personally have any kind hackers
expire actually using also mind many
front-line people speak with who work for kurdish don't know about discredit
me he pleaded
banks don't know about Best's credit I know that because
our senior adviser on her back in used to be
biggest business banker for Wells Fargo the entire country
as the biggest banker for Wells Fargo she never do what this Craigslist thing
ever told
that they pull business credit was never mentioned this she started training with
underwriters
and realize that date always look business credit and she was shocked
because
every Apple case the key man this is Chris Paul
be at the front and bankers to help you even know that they didn't even know
that the word
train the same thing happens stores we had one client
the wind nordstrom's to get credit and frontline persons
UK get credit batters this make sense
she got her manager the manager called the regional manager
the regional manager called somebody else the somebody else knew how to do it
and walked in steps
it took
layers managers even get to somebody that knew what was going on
to your commonly gonna talk to people to see you can fill out an app
social you have to give me your social no don't if you don't give them a social
gonna pull your yeah I am credit if your goin credits
just enough then you gonna get approved cases though often tell you the so
sturdy number supply
has to be supplied because they don't know any better and remember you must
sure you credibility's check he interprets don't even try to get to a
point
start applying without doing that it's not you'll be seen as an understaffed
this get denied any so you wanna leader so sure of the at the matter what they
tell you
the second thing you want to do is you gotta make sure
you pass at credibility test talked about tablets chance
getting up
k so make sure you give in your accounts first much know your bisous an
incredible it's time to apply for Best's credit
he would establish discredits actually three types a credit you can get
vendor credit starter accounts offer net
terms
that's what the new credit just told right there it's not
revolving credit it's not like a credit card you can put a hundred dollars on a
pay twenty-five dollars a month on
towards payoff if you put a hundred dollars on the net
account you got
thirty days
paid
bucks back at helping your credit works so these
starred accounts the first stage a building business credit
the store credit this revolving credit cards
they're available in most the retail stores and then you get cash credit
which
revolving credit cards Lisa MasterCard that car
issue usually by banks and you know you can get approved you can use his card
anywhere
so talk about store credit I talk about store credit cards
like what you going to target check out they say hey would you like to apply for
credit card will give you
percent off today
well as you get their credit card you can only use that card I can target
can't go to Walmart news eager to Walmart credit card companies in Walmart
did you get a piece
card you can use it in target or in Walmart or anybody else
not to so that's what I commonly referred to as cash credit
and then yes store credit an actual lender credit see you must be proud with
vendors first
to offer these net
terms and after you use those
pay your bills the council get reported the business reporting agencies
just because you get approved means not you have to then pay your bills
and get a score and then you have these accounts report so
let's go through it you get an account with a company called
you lie cell shipping supplies you use the credit he paid the bill
now you find reports to Dun & Bradstreet now you have
a credit profile established trade lines morning
you get a credit score staff list with the profiles scoring trade lines at
combination
is what really allows you to take the next step in building best
so then and only then we have established this skater profile
score and once for business credits tablished start to get approved store
revolving credit
next remember we talk about three different kind credit vendor first
store second cash third it's the or you have to go to you cannot skip this
quarter
happy vendor accounts first want somebody said to me
and it was Best Buy is away I went to Best Buy they turned out of course the
started a store I thought that was a bitter its store stores stores there
the retail stores that you're usually used to walking into
K a vendor account as annette
so that's the big difference
can offer you net
tucked ceased see calendar so approve the business
credit even if none establish there's a lotta keep in mind ninety-five percent
vendors trade credit this country does report
this age 6 so you have to fine credit reports the HC
a credit that works for a plan he started this actually many vendors
sources for well-known
so here's some other here you like will
reliable la consists just to name a few I just gave you enough
to establish furnace this spread now you
line sometimes if you have no credit established will make you
like order one or two or three times from them
before you actually get net
account so you can do in its okay
you I know when the next
account you wanna see not so quick buster
you got okay money from us paper this quarter first and then we'll consider
see pay for your first order pace your second order
make your third order to actually get approved sometimes approved right away
but gave no sabes que I can make you do
or
orders actually get approved cake will
same way reliable simpler so
you have to go spend thousands of dollars people ask me all the time how
expensive is to build the strangest
cost involved just have to get credit used credit paid the bill
you
bucks worth stuff from the skies
well that's usually not see Goodhue wind by
bucks
sake will they saw off spies could doesn't of spice so next time he of
spike good
well you paid in the
bucks for whatever of spice came out today
you apply for credit they say nope sorry next time you need of spice
cool again good core third time and the second overtime this
okay you're willing to do business with us were willing to give you credit line
here's a $
or twenty-five hundred dollar credit line with us to use in our
store
now you got now use that credit again cues
in a few times and upkeep reporting at the district court agencies
trade mines score your profile K
lock on this issue UAL corporation services help prove you
no credit established at all and they don't make you hi
things for multiple times per sec by their services
from what we've seen time and time again is our clients are able to get in there
and actually get approved with them have to buy something from them on credit
that's how all that works
but even if you haven't of multiple orders from them
past star missus 21st approved for counsel the spenders
some are you purchase their products for psych I just went through
somewhat you make three orders to pay which I just went through
but all the source I listed will prove a brand new business even if you have no
credit
I just gave you golden take because I just told you exactly where to go
to get your initial screen it yet nonstop
nothing is standing in your way getting the credit profile getting the credit
scoring game trademarked
as we talked about trade lines profiling score
are the three necessities for you to start moving and getting credit
really want which revolving credit you want to ensure you have a total
I what are called payments spirits is reported for you can't think applying
for store credit
now this isn't a steadfast rule as we're about to talk about with them all the
credit
some sources have other requirements some like
someone
i-ten someone a seat I'm this some don't but as a general rule
if I came experiences then you can start getting store credit so what's a payment
experience
well that's basically trade but its at basically the amount of credit have
reported
to the total reporting a sleep example
sick will reports to D&B and experience all that with chemist
payment streets so I C five house five counts
you have five total what morning up accounts
one account reports to
reporting agencies back really counts to paint
streets but you need to have at least five before you move into store credit
came experience again is reporting that account to abyss
for THC well for example does report to the NBA experience
that means that one account caps two payments princes
while La Quinta so she's only reports sperian
so that we can is one payment experience all
don't give out no personal guarantee credit many have requirements must be
met before they'll do this
but there are a lot of sources don't how those kinda requirements and I gave a
lot
to you to lock on this issue only requires a purchase
and that you have a
number and business back what about to tell you is
extremely important and it's another reason people fail
the every source you apply with house
criteria what must be met to get approved I don't
of ever webinars that outlines all that specific criteria for very good reason
it changes
day whole team people in one percent all they do is just keep up
with changes all these actual credit ish
changes all the time case on me to give you an idea right now of what these
companies requirements are beget
this changes all the time so if you're listening or watching us on a playback
it still might not be the case today with Spike don't usually make a lot of
this information available because it does change
much quo won't approve you right away much DB profile established
but they will approve you if you first place a few orders with them
reliable usually requires replaced orders
before applying and for a net
account unless your DMB profiled
is already established you line will prove you for initial vendor account if
you have to
good trade references and at least one bank reference
so I'm not only told sources to go to get Anish
credit I now outline for you actual requirements
so you'll know you can get approved and remember all these will work for a brand
new
star distance so you need to know how many came in a strange
caps tablets before trying to apply for store credit remember you need to have


experience
apt-get to revolving store credit so get rid of your business credit reports as
you go
to watch a credit building and real-time you can get reports
from indirect you can go to Dun & Bradstreet experience faxed directly
I get this question all times even created I pay each credit sweet dot com
forward slash
reports and right there from that one page you can actually get all three
equifax spirit in Dun & Bradstreet we have like an affiliate relationship
within so you get discount there first going with them directly
so much spike and experiences next start to be secure revolving store credit
cards for your business
keep in mind all applications last year's sternum
it's never gonna go with always can ask for you do not need to provide it and
that's the habit to check to create
in yourself it's not providing it always going to be asked for
each supplier social they will pull your personal credit and it's bad
you gonna get denied it's good you gonna get approved with a personal guarantee
lead to social like they pull your business credit and one cc
have established business credit then you'll start to get approved for actual
store credit cards
so most retailers to offer business credit as well as consumer credit
staples Office Depot Home Depot Lowes Target Walmart Costco seems called Radio
Shack Best Buy
BP Chevron Amazon shell honey almost every single
major retailer out there offers store credit now
you don't have time to write all this down don't worry about it a minute send
you a playback to this because you attended the old man
if you are here: life so you actually get speech
stop spots right these type things down this is important at most major
retailers
do of for discredit revolving accounts some source like Home Depot
is often known as they have more stringent requirements to prove so
they wanna see big red if watch i've seen requirements two million of senior
permits

a senior parents in between and there are three years in business for no
personal guarantee credit you can get this is great with them
you gonna have a personal guarantee much make millions as listed on your
application
verify that per anything else other your application
possibly look DP they have it L but they do have a requirement
Costco
acquired two years and it's lows requires three years for no personal
guarantee credit k Best Buy requires an established business credit to get
approved
nopers guarantee this comment a lot of course like this
if you've established this is credit you can get without the first guarantee if
not
then they're gonna request noticed the company Best Buy
doesn't have time this requirements as
Home Depot Costco and lows all do ames
also require PG jerker on established but if is established
they want so again the sources Asheville
business credit profiles for trade mines in Amazon Best Buy
will approve regard to secure time in business for no Kishi credit
mostar's give you know PG credit if you have your business card stops
he's hammacher profiles for stab wish for you won't get approved for these
no PT credit stores banks remember a personal guarantee
is needed 1 credit isn't established but once it is you can get approved most
sources
regardless size thailand is except for a few exceptions
whatcha total
pain experiences reported to disappear as
then you can start to get cash credit cards Visa MasterCard a mixed heart
a mix again has time in business and revenue requirements
but peace MasterCard don't you could get me some ask are we
have to
experience you should have one of those payments banks have a ten
thousand dollar height limit to
that's what's going to be required so if you go in to try to get a cash Friday
probably not gonna cop satellites at least one of those credit accounts
like del gives you a ten thousand limits tells a good story that will give you
credit
and usually gives our clients ten thousand dollar limits
so as you move end revolving space restart getting store credit I would
look at Dallas a great source
Key Bank and home dГ©cor source of a revolving cash credit card you can use
anywhere
many banks offer these %ah so just keep in mind before you apply
have one credit limit account ten thousand dollars
and you need to have
accounts he sleep all the steps for business
has established this credit profound score this Provence for can then be used
to get a credit card is stamp card to secure personal credit without a
personal guarantee
then you want to continue building business credit applying getting your
credit
using a credit getting approved for higher and higher credit limits Scott
how long does it take to build business credit well you can get better credit
immediately today
will take you about ninety days store credit take about four to six months to
get five ten thousand dollar cash limit credit cards
and then you never wanna stop you want to keep getting more and more and more
credit
because the more business credit you get the higher your limits will go
and we've got clients see clients by apartment complex some by real estate
with their business credit it takes me year two years three years
and they start getting to twenty thirty forty thousand fifty thousand dollar
limits higher
so as long as you keep using your credit keep paying your bills
greed then you're going to continue to have access to more more credit
actually your best so hope we got a lot at stake
dove into personal guarantees dissected how they work walk through that it's
impossible

not personal guarantee credit because this is again
outgrow the credit capabilities our capacity
other actual owners actually went through and giving you a condensed
version
steps you need to take to build your business credit now can
you need anything on our end feel free to reach out so if you have questions
forgives call



you can also email and fell at Credit Suisse dot com
there's my email which tie at Credit Suisse dot com or you can check us out
online at Credit Suisse
dot com forward slash business credit you go to youtube and type in business
creditor just type in my name
tight rein then what you're gonna find fine my channel
80s stride my channel you'll see there's a ton have information about
how to do what needs to be done I've got hour-long sessions just on building
vendor credit hour-long sessions on just the actual
credibility test hour-long sessions just getting revolving in store credit
died all those a lot more T its use in this when I want to give you a general
overview
everything is involved to get a personal guarantee credit Cypress you hang out if
this
our I know how valuable your time is and hopefully as long as you follow the
steps you're you're gonna get good results on she take action so don't
delay go ahead jump into give you everything you need to start building
your business credit right now
and again on my Chalmers
on another resources and information that can help you as you progress
the process so I think everybody can take the time to attend this meant today
thank you very much and I hope everybody has a great day and here's to you having
successful best
so thanks everybody *** ***