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Thursday, February 19 2015

Wow, great information for business owners directly from Entrepreneur.com...

The following article comes directly from http://www.entrepreneur.com and contains some very valuable information regarding business credit.

As an entrepreneur, did you know you have a unique opportunity to build, maintain and acquire credit both individually and as a business owner? That's good news if you're trying to build and grow a company because you won't have to rely solely on your personal credit to do that.

As a member of the business credit industry, it's been my experience that fewer than 10 percent of all entrepreneurs know about or truly understand how business credit is established and tracked-and how it affects their lives and businesses.

So let's first take a look at how personal credit differs from business credit. Then we'll discuss some steps you can take to build your business credit.

At the point an individual with a social security number accepts their first job or applies for their first credit card, a credit profile is started with the personal credit reporting agencies. This profile, otherwise known as a credit report, is added to with every credit inquiry, credit application submitted, change of address and job change.

The information is typically reported to the credit bureaus by those who are issuing credit. Eventually, the credit report becomes a statement of an individual's ability to pay back a debt.

In some cases, the same is true for businesses. When a business issues another business credit, it's referred to as trade credit. Trade, or business, credit is the single largest source of lending in the world.

Information about trade credit transactions is gathered by the business credit bureaus to create your business credit report using your business name, address and federal tax identification number (FIN), also known as an employer identification number (EIN), which you get from the IRS.

The business credit bureaus use this compiled data to generate a report about your company's business credit transactions. In many cases, those issuing credit to you will rely on your business credit report to determine if they want to grant you credit and how much credit they'll give.

The major business credit bureaus that compile and provide copies of the reports are:

* Dun & Bradstreet

* Experian Business

* Equifax Business

* Business Credit USA

Unfortunately, because the information provided to the business credit bureaus is sent in voluntarily--no business is required to send it in--the credit bureaus may never receive all or even any information about your business credit transactions. In fact, you could go for years racking up business credit without any of it being reported to the credit bureaus.

Establishing Business Credit

Let's start by talking about your business credit score. Business credit scores range on a scale from 0 to 100 with 75 or more considered an excellent rating. Personal credit scores, on the other hand, range from 300 to 850 with a score of 680 or high considered excellent.

It's important to note that there are many factors that affect a credit score; it's based on more than just whether you pay your bills on time. Your score can be affected by the amount of available credit you have on bank lines of credit and credit cards, the length of time you've had a credit profile, the number of inquiries made on your credit profile and more.

The mistake many business owners make is using their personal information to apply for business credit, leases and loans. By doing so, they risk having a lower personal credit score.


I can help business owners obtain money and credit for their business by offering them the TRW Business Finance Program, while radically increasing your company revenue in the process.  Let us know how we can help.

Posted by: Kevin Foster AT 01:16 pm   |  Permalink   |  0 Comments  |  Email
Thursday, February 19 2015

Our Inventory Financing is a perfect way for a business owner to get money for the business if you own more than $150,000 in inventory now.

With inventory financing a business owner can use inventory as collateral and quickly be approved even with personal credit challenges now.  Plus the business owner gets to enjoy generous payback terms and loan amounts, insuring payments are affordable.   

Inventory financing is available from one hundred and fifty thousand or more. The approval amount will be based on the actual value of the inventory.

Financing can typically be obtained up to 50% of the value of the actual inventory.  And interest rates on this program are very low, typically as low as 2% monthly on the outstanding loan balance.

Plus approvals take 3 weeks or less.

To be approved the business owner should have at least $300,000 in inventory.  

Our Inventory Financing is a perfect way for you to get money for your business if you own more than $150,000 in inventory now.

Inventory Financing is one of many financing programs available for our clients through the TRW Business Credit Funding Suite.

We can help business clients obtain money and credit for their business by offering them the TRW Business Credit Funding Suite.  Let us know how we can help. 

Posted by: Kevin Foster AT 09:06 am   |  Permalink   |  0 Comments  |  Email
Saturday, February 07 2015

The TRW Business Credit Program is packed full of credit cards and lines for your business.

If you have securities such as stocks or bonds you can qualify for a high-limit line of credit with rates as low as 1.6%, some of the lowest rates available anywhere on business financing.

Plus 401k financing can be secured if an owner or partner has a 401k now, and received similar terms and approval for as much as 100% of what is in the 401k.

A business that has collateral such as inventory, can also qualify for even more low-interest credit lines.

A business can get approved for full-documentation credit lines with limits of $250,000, and sometimes higher. To be approved banks will want to see all of your business financials and 3 years of tax returns.

We also have an industry-leading unsecured program that is simply amazing. This is designed for clients that don’t have much collateral or financials to supply.

A business owner can be approved for no-doc business credit cards and lines that are based solely on personal or business credit quality. The exact approval amount is completely relative to the high-limits the borrower has on current credit card accounts.

Typically funding can be secured for 5-10 times the amount of the existing card limits now.

Plus, these accounts report to the business credit reporting agencies helping establish business credit so more approvals can be secured within months.

When you enroll into the TRW Business Credit Program with us you will receive not only Business Credit Coaching, but you can also receive substantial amounts of capital and finding for your business.

Posted by: Kevin Foster AT 09:08 am   |  Permalink   |  0 Comments  |  Email
Wednesday, February 04 2015

The TRW Credit and Funding Program is designed to help clients obtain credit and financing for their business.

In many cases, clients can secure business financing right away in the TRW Credit and Funding Program, before they even start building their business credit.

This brings up an important question, who can get money right away through the TRW Credit and Funding Program, and how can’t?

To get access to cash money within 60 days or less clients must have one of the 3 “C”s of lending. Unlike most conventional banks that require all 3 “C”s, with the TRW Credit and Funding Program you only need 1 to get approved.

The first “C” is collateral. Business owners who have collateral can typically get money quickly, even if they have personal credit issues.

Collateral can be purchase orders, account receivables, inventory, equipment, stocks and bonds, a 401k, real estate, cash, or other forms of viable collateral or assets.

The other “C” you might have that can get you fast funding is Cash flow.  If you as the business have been open for a year and can show merchant statements or bank statements in which you have consistent cash flow coming in, you can get approved for money within 60 days or less.  And, you can be approved even if you have personal credit challenges.

The third “C” of approval is Credit. If you as a business owner have good personal credit, or if you have a good business credit profile established, you can get money fairly quickly.  This is unsecured money where nothing else other than credit is used for approval, so you must have REALLY good credit to get approved for this type of financing.

If a business or business owner has collateral, cash flow, or good credit, they can be approved for money quickly.

At the same time if you as the business owner have no collateral or assets, no cash flow coming in, and bad or no personal or business credit, you will not get cash money quickly, not through the TRW Credit and Funding Program or anywhere else.

In these cases, we help you build your business credit. And in doing so, we give you one of the “C”s you will need to get money.  This will take about 6 months to do, and at that point you can start getting $10,000 Visa, MasterCard, Discover, and American Express accounts.

This is one of the amazing benefits of the TRW Credit and Funding Program. We get many people money quickly, and for those who don’t qualify right away we help them build their business credit so they will qualify, instead of just turning them away as most conventional banks will do.

The TRW Credit and Funding Program is the most comprehensive financial solution in the world today. When clients come in with the right expectations, they are typically blown away with the credit and funding potential they obtain.

Just remember, you must have one of the 3 “C”s of lending to get money quickly, or be patient as we help you build your business credit so you can get cash funding.

Posted by: Kevin Foster AT 09:10 am   |  Permalink   |  0 Comments  |  Email
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