Building Corporate Credit

  You need to start your quest for capital by calculating your cash requirements.

1.   How much capital do you need and for what?
2.   I’ve talked to too many business owners who know they need a huge sum of cash, but can’t answer simple questions like:
1.   What are you going to use it for?
2.   And, how did you determine that is the capital that you need?
3.   The more you know about your cash requirements, the better decisions you’ll make about where and how to source the capital that you need.

You need a solid approach for funding your business and regardless of where you source your capital, you need to be prepared.  The step by step process to getting your business creditworthy is so very detailed and choreographed that if you skip a step or have neglected to establish any particular business component, you will not only be denied but you will be red flagged to every other lending institution.

First you will begin to structure your business so that it is compliant to vendor and lender standards. Then you will begin to build your business profile.

Think of it in these terms; remember when you were in your late teens and early 20's?  Just starting your adult life… you were not only starting your life but you were starting your personal profile as well. You are doing the same thing with your business right now; you are establishing your business’s identity, not only for existing and potential clients, but you are building your identity to access the capital you need to actually build your business.

In order to access any funding from lenders you must understand that there are 4 pillars of financing that you will build on your foundation. The foundation of your business along with these 4 pillars will keep your business from falling down

** It is important that you realize that without business credit, you are essentially shutting yourself out of financing options. Once you establish your business credit you can build a portfolio of capital for your business with the 4 Pillars of financing.

Foundation & Fundamentals

1. Incorporation:
1.  Regardless of the capital that you seek, you need to start by building a foundation for your business.
2.  If you aren’t incorporated you have seriously handicapped your business.
3.  You need to be a corporation (S or C) or LLC if you are to seriously raise capital for your business.
4.  Without a corporation you are limiting yourself to personal loans in pillar 3.
5.  You have no options for the other pillars and won’t be taken seriously anyway.
6.  Investors can’t invest in a sole prop.
7.  You need to have shares or membership units if you want to bring on investors.
8.  As a general rule, you need to separate your personal and business activities as much as possible.
9.  The first step is to incorporate.
   
   
2.   Build Business Credit:
1.  You will give life to your corporation by establishing a credit profile for it.
2.  One that is separate from yourself and belongs to the business.
3.  The process of building business credit will help you ensure that you have the fundamentals in place.
4.  The fundamentals include operating in a professional manner that lends legitimacy to your corporation.
5.  The business financing or credit industry has a standard of what a legitimate business should look like,
6.  if you don’t meet that standard you are going to be shut out of financing options.

Equally important is ensuring the separation of your personal life from that of the Business in terms of assets and Credit profiles. When going through the Fast Track Credit Building program you will have considerable exposure to coaching calls and educational materials related to this subject.

866.854.5513

Or You Can Get Started Right Here Right Now! Just provide us with the information below and we will contact you with your free business assessment!

Zapper Credit Solutions 777 N. Rainbow Ave. Ste#250 Las Vegas, NV 89107 Tel: 1-866-854-5513