How To Get Unsecured Lines of Business Credit Without Setting Foot Inside A Bank!
Discover How You Can Get Access To $100,000 (Or More) Without Any Financials or Business Plans...And Without Risking Your Own Assets Or Personal Credit Score!
Personal Credit vs. Business Credit
Why You Should Never Use Your Personal Credit In Your Business!
Please be advised that I am not an Accountant or Attorney - so prior to acting on any of the information presented in this article, be certain to contact a Tax and Law professional to get legal advice specific to your situation.
Most people are pretty familiar with Personal Credit and what they need to do in order to maintain a good FICO Credit Score. Actions such as low revolving balances, always making payments on time, using different types of credit, and length of credit history all play a major rule in determining an individual's Personal Credit worthiness.
If dealt with properly, leveraging Personal Credit can be very useful in further advancing an individual's net worth by wisely investing the borrowed money.
Did you know that just as there is Personal Credit, there is also Business Credit?
Similar to Personal Credit which applies to an individual's credit worthiness, Business Credit applies to a company's credit worthiness.
There are some similarities between Personal Credit and Business Credit, however in all actuality Business Credit is a whole another ball game.
Firstly, Personal Credit is tied to an individual's Social Security number as opposed to Business Credit which is tied to a company's (LLC, C Corporation, S Corporation, etc) Tax ID number, also known as FEIN (Federal Employer Identification Number).
As an individual you can only have one Social Security number for your entire lifetime however there are no limits to how many companies you can own, each with a unique Tax ID number. So, there is only so much personal credit an individual can obtain, but there is virtually no limit to how much a company can obtain in Business Credit.
Secondly, Personal Credit worthiness is monitored by the three major credit bureaus; Equifax, Transunion, and Experian. However, the majority of Business Credit worthiness and reporting is conducted by a company known as Dun & Bradstreet. Unlike the major U.S. based credit bureaus, Dun & Bradstreet is primarily based out of the country and operates very differently than Equifax, Transunion, and Experian.
There is a certain method to structuring a company in such a way that allows for the maximum amount of Business Credit, a set of specific processes and to dos per say. If you don't follow this methodology, it does not mean that you will not receive Business Credit, it just means that it may take you a lot longer and you may not receive as much.
The truth of the matter is simple; leveraging OPM (Other People's Money, i.e. Business Credit) can allow an individual to launch, grow, and expand a business in a much faster timeframe than having to save the same amount of money themselves.
I was able to obtain a $100,000 in just 3 months using a company less than one year old. I was so intrigued by the entire idea that I asked my mentor who helped him in obtaining the large amount of credit if he would be interested in starting a business of educating people on how to go about receiving large amounts of Business Credit.
For a limited time, Dustin is offering a FREE eCourse, valued at $99, called "How To Get The Money You Need To Launch Or Expand Your Business Without Going To The Bank!." So if you think you can benefit from obtaining the education necessary to obtain large amounts of Business Credit to launch or expand your business, be certain to visit Dustin's website, www.kingofunsecuredloans.com for your FREE eCourse.
FREE Business Credit Building Resources
- www.KingofUnsecuredLoans.com
- "Who Else Wants $100,000 Dollars To Start Or Grow Their Business In The Next 3 - 6 Months...GUARANTEED?"
Find Out Why THOUSANDS of People, All Over The World Are Using Business Lines Of Credit - www.DustinMathews.com
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