Corporate Credit Setup

$5,000.00

A comprehensive guide on corporate credit.

SKU: cc403 Category:

Description

Build Corporate Credit Yourself

How to establishing a business credit profile and acquiring lines of credit from lenders. Building business credit isn’t easy to do by yourself, but with a little assistance you can have corporate credit sooner than you thought. There are a number of things to avoid as well as many essential items that cannot be overlooked. We take you by the hand and guide you through this complicated process.

Preparing for the Corporate Credit Building Process

We document the process of establishing a business credit profile, all the way to an open bank loan, multiple business credit cards and several lines of credit with vendors. This all starts with laying the groundwork for creating your credit profile and the application process with lenders, performing your due diligence. You must ensure that your business is ready for the credit building process – if you begin without performing these tasks, you risk having to start over or even worse, wind up being tagged bad credit / high risk by the reporting agencies. It’s important to understand and complete these steps to build your business’ credit profile.

Corporate Credit Set up list.

Most business owners have little to no credit reporting. So even one negative account can have a big impact on the business credit score. It’s essential that you continuously build your business credit profile just as you do with your consumer credit. One of the best ways to battle negative information on your report is to offset it with LOTS of positive credit profiles such as trade lines.

It takes about three weeks to establish a C-Corporation and three weeks for trade lines to post. Once post we recommend to let the trade lines marinate in the system for two months to create positive history to acquire funding.

 

  1. ACTIVATION OF THE FEDERAL BUSINESS EIN #
  2. ACQUISITION OF CITY BUSINESS LICENSE
  3. BUSINESS WEB PRESENCE
  4. BUSINESS EMAIL ADDRESS
  5. BUSINESS PHYSICAL ADDRESS
  6. BUSINESS TOLL FREE #
  7. EQUIFAX BUSINESS REGISTRY
  8. EXPERIAN BUSINESS REGISTRY
  9. VENDOR CREDIT ACCOUNT REGISTRY
  10. A PAYDEX SCORE
  11. GOVERNMENT 411 REGISTRY
  12. BUSINESS FACSIMILE #
  13. D&B REGISTRY
  14. BUSINESS TO BUSINESS CONTACT LISTING REGISTRY
  15. APPROPRIATE BUSINESS LEGAL NAME
  16. BUSINESS MERCHANT ACCOUNT
  17. THE RIGHT CORPORATE ENTITIES
  18. A BUSINESS BANK ACCOUNT
  19. 5 REVOLVING ACCOUNT
  20. CORPORATE TRADE LINE

            FINANCIAL GUARANTOR ( Personal OR Business)

Options: A 

Option A:  Personal guarantee is using an individuals personal credit to obtain credit line or loan for the corporation, which is an individual’s legal promise to repay charges to a business credit or loan if the business is unable to pay its credit debts.

Option: B 

Business Trade lines can be used as a guarantee to  activate, boost and to create a strong credit history for  the  company’s profile in a short period of time. In addition, it stays on the credit profile for as long as the business exist. Many creditors or banks normally recognizes  it as part of the company’s  net worth or value.

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