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
Credit backed
Invest in your business
