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2 Big Problems with Business Credit

Most people know nothing about business credit
Only a small percentage of business owners have even tried to build their business credit
Entrepreneur.com reported that 90% of business owners don’t even know what business credit is

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2 Big Problems with Business Credit

  1. 1. 2 BIG Problems with Business Credit
  2. 2. Ty Crandall Director of Business Credit Services (877) 600-2487 ty@disputesuite.com
  3. 3. Business Credit • Business Credit is credit that is for a business, and is in the Business Name • With business credit the Business builds its own credit profile and credit score • With an established credit profile and score, the business will then qualify for credit
  4. 4. Business Credit • This credit is in the business name and based on the business’s ability to pay, not the business owners • Since the business qualifies for the credit, in most cases there is no personal credit check required from the business owner
  5. 5. Business Credit • The business can use its business credit profile and score to qualify for revolving credit cards like Staples, Lowes, Sam’s Club, Costco, BP, Wal-Mart, and many more • The business can also qualify for Visa, AMEX, and MasterCard
  6. 6. Business Credit • The business credit profile will also help the business qualify for secure and unsecure business credit lines • The business can also qualify for some funding, loans, and some with no personal guarantee required from the business owner
  7. 7. Business Credit Benefits • A credit profile can be built for a business that is completely separate from the business owner’s personal credit profile • This gives business owners DOUBLE the borrowing power as they have both Personal and Business credit profiles built
  8. 8. Business Credit Benefits • Business credit assess a business’s ability to pay, not the business owners • Since the business qualifies for the credit, in some cases there is no personal credit check required from the business owner
  9. 9. Business Credit Benefits • Business credit scores are based only on whether the business pays its bills on time • A business owner can obtain credit much faster using their business credit profile versus their personal credit profile.
  10. 10. 1st BIG problem with Business Credit • Most people know nothing about business credit • Only a small percentage of business owners have even tried to build their business credit • Entrepreneur.com reported that 90% of business owners don’t even know what business credit is
  11. 11. What is a Quiche? • Imagine trying to sell quiche • If you aren’t familiar with quiche you are not alone • Even people who have heard of it don’t typically know what it is • People who sell it even have signs that read… “What is a quiche” to explain what quiche is
  12. 12. What is a Quiche? • Imagine trying to sell something that people don’t even know what it is • First you have to explain what it is to them so they understand, before you even begin any type of sales presentation • Plus you will have major advertising issues as you are selling a product that most don’t even know what it is
  13. 13. 1st BIG problem with Business Credit • Business credit has the same problem as quiche • Most don’t know what it is, so it’s hard to market and advertise to get customers • You are trying to sell something that people don’t understand • So there is much more involved in a sales process as first you must explain what business credit is before you even begin the sales process
  14. 14. 1st BIG problem with Business Credit • I used to run Craig’s List ads for credit repair • It took 120 ads to get one phone call • When I started advertising for mortgages with bad credit, it only took 7 ads to get one call • People didn’t want repair, they wanted the car or home loan, and NEEDED the repair to get what they really wanted • And, they didn’t really understand credit repair which scared a lot of prospects
  15. 15. 1st BIG problem with Business Credit • Business credit is much the same • People love the idea of getting money with no liability or credit check • But even though they want the business credit, it’s the financing that they NEED • So because it is financing they need and since they are not familiar with business credit, advertising for business credit building alone won’t net much a lot of interest typically
  16. 16. 2nd BIG problem with Business Credit • The 2nd BIG problem with business credit is that by the time most people learn what business credit is, they already need money • In some cases, the owner desperately needs money when they first even learn about business credit • Most business owners don’t just bump into business credit on their own • Nor is it usually introduced to them by their accountant or banker
  17. 17. 2nd BIG problem with Business Credit • Most business owners that do discover business credit are actively looking for financing for their business • They call a few places to apply and learn they can’t get financing due to issues such as personal credit challenges
  18. 18. 2nd BIG problem with Business Credit • Typically, the lending source tells them they don’t qualify • And in some cases that funding source recommends business credit as a solution for the owner to get financing • At this point, the owner is already wanting and needing money, then they learn that business credit might be the solution
  19. 19. 2nd BIG problem with Business Credit • Those business owners will then start looking for business credit • They have a little knowledge about it, and know it can help them get the money they need with their other issues, such as not having good personal credit • As they begin to discover what business credit is and what it can do for them, they are already in a position where they need money quickly
  20. 20. 2nd BIG problem with Business Credit • But business credit can’t be, and doesn’t get built quickly • To get approved for even low-limit business credit cards it might take 4-6 months or longer • To get approved for high-limit cards it might take 9-12 months or longer
  21. 21. http://www.creditmakeover.biz/ • FAQ • How soon will I start applying for cash credit? Depends on how old your business is at the time you start the program – if your business is at least 18 months old at the time you start: then you'll START being able to apply for the cash credit after six months on the program (if you're starting from scratch, it takes that long to build a base of credit that will allow you to get approved); if your business is brand new when you start, then the soonest you'll likely start applying for cash credit is AFTER 12 months of starting the program. If you don't have any revenue and/or if you company is less than 24 months old you will have a hard time obtaining cash credit.
  22. 22. https://www.platinumcorporatecredit.com • FAQ • How long does this credit building program last? • Our full-service credit building program is a 12 month program designed to qualify your company for bank level financing.
  23. 23. 2nd BIG problem with Business Credit • YES, business credit profiles and scores can be built MUCH faster than with consumer credit • Actually, business credit profiles and scores can be built in HALF the time as it takes to build consumer scores • And per SBA, business credit card approvals can also be 10-100 times higher than consumer credit approvals
  24. 24. 2nd BIG problem with Business Credit • But if a consumer is actively looking for money NOW, business credit isn’t the best solution for them • Business credit is great to get them more money, higher limit cards, and to get business owners money with no personal liability • But it is a process to build business credit, and that process can take as long as 12 months
  25. 25. 2nd BIG problem with Business Credit • Business owners that need money now don’t have 12 months to secure the money • In most cases, they need money NOW • So even though business credit can get them the money they need and overcome problems like personal credit challenges, it still takes time to build • And that time is what most business owners who find business credit don’t have, they need money FASTER than business credit can provide
  26. 26. 2nd BIG problem with Business Credit • We live in an instant gratification society • People want what they want, and they want it NOW • Business owners want money right away and won’t wait the year to build business credit • So people won’t typically spend money to build their business credit as it can’t instantly get them what they really want which is MONEY fast
  27. 27. The Solution • People don’t know what business credit is • Due to this, advertising business credit won’t be truly affective • But MONEY, is a universal term most people do understand • Most people do want more money in their lives, and most business owners would love to have more money and financing for their business
  28. 28. The Solution • The best solution is to give customers what they actually want, MONEY • When you provide customers with financing and business credit building you ultimately give them what they really want, which is fast access to MONEY • Many business financing programs can deliver them funding within 2-4 weeks or less, helping them get the money they need quickly
  29. 29. The Solution • By offering customers both financing and business credit building, customers get the instant gratification they are looking for as they can secure funding quickly • And since 90% of business owners don’t know what business credit it, this makes them VERY curious • So when you offer financing and business credit you can get them the money they need quickly, and still really spike their curiosity as most are not familiar with business credit but want to know more
  30. 30. The Solution • Again, almost everyone you meet would LOVE to get money with no personal guarantee or credit check • But they don’t want to wait • Now you can help them get the money they need quickly, and then help them with building business credit as they are patient since they have already secured what they need right away, quick financing
  31. 31. The Solution • When you offer business credit building and financing you are giving a great one-two punch • You get the client money right away • Then they are patient as they build their business credit and enjoy the benefits that business credit provides • Plus, very few companies offer both, so you nearly eliminate any competition
  32. 32. The Solution • Another benefit of offering business credit and financing is that financing is EASY to advertise for and get response • We see clients post less than 5 Craig’s List ads and get a phone call • We have clients who have 50% or higher opt-ins from pay-per-click ads for financing • In every medium that has been tested, the response to advertisements like “I have money for your business,” is overwhelming
  33. 33. The Solution • When you advertise money for a business, you are speaking a language that most everyone understands • And there is no shortage of people out there who want business financing, which further helps you obtain awesome response • Then you can also mention business credit building as another benefit, further solidifying your value to that customer • You will probably be the first person to ever offer that customers business credit and financing, so you almost immediately eliminate your competition and stand an exceptional chance of make the sale
  34. 34. The Solution • Most people know nothing about business credit • And when they do learn about it, most are looking for fast money and don’t have the patience to build their business credit • When you offer both financing and business credit building, you fix both of the biggest two problems facing business credit building
  35. 35. The Solution • In offering both, you get your clients the fast access to financing that they really want and need • You also can provide to them the massive benefits that business credit provides, and they are patient during the building process as they already have cash in hand • Plus, you gain the added bonus of having no real competion as you are offering a combination that nobody else really is offering
  36. 36. Let’s Take a Look at a turn-key solution that offers BOTH business credit and financing
  37. 37. Dashboard
  38. 38. Dashboard
  39. 39. Step 1- Credibility
  40. 40. Application
  41. 41. Application Requirements
  42. 42. Step 2- Fundability
  43. 43. Funding Program Pre-qualification
  44. 44. Available Funding Programs • Over 2,100 Lenders and 400 Direct Lenders • Over 30 core funding programs • More funding and business credit sources available than anywhere else
  45. 45. Step 3- Business Credit Scores
  46. 46. Step 4- Vendor Credit
  47. 47. Vendors
  48. 48. Step 5- Business Credit
  49. 49. Business Credit Sources • Staples • Office Depot • Shell • Home Depot • Wal-Mart • Costco • Amazon • Dell • Lowes Sears
  50. 50. Business Credit Sources • BP • Chevron • Speedway • Sam’s Club • Visa • MasterCard's • And More
  51. 51. Step 6- Funding Revisited
  52. 52. The Business Credit and Funding Suite • More funding and business credit sources than anywhere else • Only system which integrates directly with Equifax, Experian, and Dun & Bradstreet • Only system where clients can get a free DUNS number and Experian Smart Business report • Only system with certified coaches for business credit and funding • $50,000 Guarantee which guarantees clients will be approved for at least $50,000 in business credit or funding
  53. 53. HUGE Revenue Potential • Currently clients are selling the funding suite on average between $2,500-3,500 • You pay only $700 per funding suite you activate 3 days after activation • You have the potential to earn MASSIVE returns with no client management after the sale
  54. 54. Comprehensive System for Success • Dispute Suite has prepared all the materials you will need to market business credit • Marketing materials such as articles and email drip campaigns are provided to help you promote business credit and funding
  55. 55. Getting Started Today by visiting www.BusinessCreditExpert.com Ty Crandall 877-600-2487 ty@disputesuite.com
  56. 56. Get Started Today • Get started today for only $1,600 • Upgrade to Silver for only $2,000 • Upgrade to Gold for only $2,800 • Basic, Professional, and Premier include activation of your own finance suite (retail $2,500-3,500)
  57. 57. Special through Sunday April 14th • Receive our Premier plan for an $800 Discount • Visit www.BusinessCreditExpert.com and enroll for our Professional Plan and get a FREE upgrade to Premier • Basic, Professional, and Premier plans include activation of your own finance suite (retail $2,500- 3,500) • Valid through Sunday, April 14th
  58. 58. Special through Sunday April 14th • 2 extra months of email marketing content • 2 extra months of social media content • 2 extra Marketing Videos • 1 extra Sales Script • 2 more Ready-for-you Webinars • 1 extra Article for Posting Online • 2 more Marketing Flyers • 2 Press Releases • A Free Report 8 Vital Business Credit Questions • Craig’s List ads
  59. 59. Payment Options • Basic, Professional, and Premier can be started with payments of $400 • Pricing and Payments will not change through Sunday, April 14th
  60. 60. Bonuses • Enroll by Sunday, April 14th and receive these bonuses • A FREE ready to publish book on personal and business credit, and instructions to publish it for free • Full, All Access to all past Business Credit Weekly Coaching Webinars
  61. 61. Bonuses • 3 Months of Credit Repair Email Content • 3 Months of Credit Repair Social Media Posts • 2 Free Credit Repair Free Reports • A Credit Repair Kit for Clients – With 60 page Credit Repair Process Overview Guide – With Dispute log and instructions – With 101 Dispute Letter Library • Enroll by Sunday, April 14th and receive these bonuses
  62. 62. Getting Started Today by visiting www.BusinessCreditExpert.com Ty Crandall 877-600-2487 ty@disputesuite.com

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