Business Solutions

Start with a Plan

A business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives. A Wise Man Once said, “If you fail to plan, you are planning to fail.”

Choose the Right Business Structure

The business structure you choose influences everything from day-to-day operations to taxes and how much of your personal assets is at risk.

Obtain Business Filings

Registering your business is a key part of getting up and running. All companies doing business need to register with their State. To make your business official, you’ll need, a Business Address, a Business Phone Number, Articles of Organization, Operating agreements, Membership Certificates, Initial Resolutions, EIN numbers, etc…..

Establish Funding Requirements

We can arrange Personal Loans, SBA loans, traditional bank loans, business lines of credit, equipment financing, business acquisition loans, refinancing, and merchant cash advances.

Establish Tier Credit

Tier 1: Basic trade credit. The largest source of capital in the world is business or trade credit. These are companies granting business credit without the need for a personal or business credit check and they rarely require a personal guarantee. Tier 1 is the most basic trade credit and when a corporation is rightly prepared, it will serve as a building block for establishing credit for that corporation. Going after Tier 1 financing without building a business credit profile can be a disaster, but if you are rightly prepared you can benefit greatly from this source of capital.

Tier 2: Advanced trade credit. Like Tier 1, this is the capital extended by businesses to businesses. The difference is that Tier 2 companies will conduct a business credit check before extending credit. Tier 2 usually includes larger credit lines, and longer terms and in some cases can be used for equipment financing. If you need to purchase something that is created or sold by another company, chances are you can finance it with the first two tiers of financing.

Tier 3: Bank lending. This is the best-known type of business financing. Typically banks offer unsecured business lines of credit. A personal and business credit check and personal guarantees are required. The most basic level of bank financing, for the most part, is score and business history driven. For larger lines and loans, you need to be prepared with a good business plan and financials. Banks and credit card companies are Tier 3 lenders.

Tier 4: Investors. Tier 4 is a move outside of institutional lending and commercial credit to the world of venture capitalists, angel investors, and other private investors. This level requires much more sophistication and a business that is out-performing or will out-perform its industry peers. As a general rule, these investors want businesses that have been around for a couple of years and can provide detailed financials and growth strategies.

Monitor Your Business Credit Reports

Stay on top of your business score, and check the financial health of your business, by pulling reports from the three main business credit bureaus Dun & Bradstreet, Experian and Equifax. Lenders may use different bureaus, so it’s smart to check your business credit score with multiple agencies.

Making your Business your Business

The separation between business and personal credit can be tricky for small businesses, especially when you ARE the business. Generally speaking, we recommend having a clear distinction between your personal and business finances as far as that’s possible. Building business credit aside from your personal credit is part of that equation.

Credit backed

Eventually, you'll be able to get credit backed solely by your business financials, instead of a personal guarantee required by most small business finance organizations. "If something negative happens on the personal side of your life, a loan delinquency or foreclosure, for example, doesn't negatively affect your ability to get funding for your business or vice versa.

Invest in your business

Many small business owners rely on their personal credit to secure funding for their work. But savvy owners know that personal credit is just a starting point: Those who work diligently to get and strengthen a commercial credit score put themselves in a better position to secure more credit, lower interest rates, and better loan terms.

Invest in your Business

Just like building a house, the foundation provides the framework for success. Invest in your business Click Link for a FREE Pre-Qualification of your Business Standings which will show you the funding programs you pre-qualify for now.